2024 Hyundai Ioniq 6: $4,100 Price Cut, Now Starts at $38,615

Price Cuts: SE to Limited Trims

Significant reductions of up to $4,100 – amounting to 10 percent – can be seen in the 2024 version of the Hyundai Ioniq 6 electric sedan since it began being sold on the United States market this spring.

A Hyundai representative confirmed the reduced pricing of the Ioniq 6 for InsideEVs in 2024, a fact initially reported by Car and Driver.

“The all-new 2024 model year IONIQ 6 from Hyundai has just been launched, and it comes with a repackaged SE Standard Range trim that starts at $37,500,” a representative from the carmaker said in an emailed statement. Unfortunately, no further details were provided on the new trim.

“To ensure production efficiencies and scale, and to make class-leading technology more accessible to a broader range of consumers, additional minor pricing adjustments were made to other trims.”

Carrying a beginning price of $38,615 when one includes the extra cost of $1,115 for dispatch fees, the entry-level SE Standard Range trim of the new car model Hyundai Ioniq 6 is dubbed as the most economical option. This specific edition holds a rear-wheel drive coupled with a 53.0-kWh battery and gives an EPA-calculated operation range of 240 miles.

By selecting the greater 77.4-kWh battery on the SE Long Range rear-wheel drive version, the total cost increases to $43,565, while selecting the SE Long Range All Wheel Drive brings it up to $47,065. Nevertheless, both options are now reduced by a remarkable $3,050 compared to their 2023 models.

The adequately-furnished Hyundai Ioniq 6 SEL and Limited trims witness explicitly lower price reductions of $2,450 each. The 2024 Ioniq 6 SEL RWD commences at a sticker price of $43,565, whereas the Limited RWD comes in at $51,265. The long-enduring rear-wheel-drive variations of the Ioniq 6 have been projected to obtain up to 361 miles of range utilizing ordinary 18-inch wheels by the EPA.

The same $2,450 slash corresponds to the AWD double-motor versions which commence at $49,895 and $54,765 respectively. These two motor AWD schemes render up to 316 miles of EPA-calculated distance with common 18-inch wheels.

Hyundai has announced price cuts, citing “production efficiencies and scale” as the main reason. However, some believe that these reductions may be linked to Tesla’s frequent price decreases in recent months.

A primary Model 3 RWD commences at a cost of $40,380 (adding in $1,390 for delivery), but the Tesla likewise qualifies for a federal tax deduction of $7,500 compared to one not being awarded to the Hyundai Ioniq 6.

Recently, Hyundai lessened lease rates for the Ioniq 6 only after Tesla had done so with the Model 3 and Model Y. Currently, you can procure the base 2023 Ioniq 6 SE at $299 a month along with a payment of $4,999 on signing; making it more economical by a margin of $44 a month than the Model 3 RWD.

Source: Hyundai via Car and Driver