The Ioniq electric-only model:
The Hyundai Ioniq Electric is one of three Ioniq vehicles. It offers a highly competitive base price and can now be found beyond California. Hyundai offers this car in CARB emissions states. This model is stocked in limited numbers. Likely, you’ll have to order one.
The 2020 Ioniq Electric features mild enhancements, including a boost in performance to 134 horsepower. Thanks to a larger battery pack, range is up to 170 miles from 124 miles. It also features an updated charger for faster charge times. You'll also see a price increase this year as it now retails for $34,000 in California. There's a very limited number of 2019 stock available and we expect these will sell out this month.
There are incentives in place that will lower the final cost for eligible buyers. For example, there is the California Clean Vehicle Rebate ($2,000 for most, subject to income limits). There is also the IRS tax credit that'll save you up to $7,500.
The current offers are in place through March 31, 2020. There is always a chance we'll see an update before then, so please check back.
Hyundai's offers vary by region; our examples are for California.
No rebates at this time:
Unfortunately, there are no cash incentives yet on the Ioniq Electric. This includes loyalty discounts and conquest offers for customers leaving a competitor for Hyundai.
That said, we expect to see at least a loyalty discount at some point since that's a typical Hyundai practice. These types of offers were introduced to the Ioniq Hybrid, so hope remains.
The current financing offers:
Well-qualified buyers will find 1.9-percent financing for 60 months and 2.9-percent financing for 72 months.
Hyundai’s financing offers are excellent and come in lower than what most competitors offer.
Outstanding lease offers:
If you’re considering a Hyundai Ioniq Electric, you can lease a Base 2019 model for $109 per month for 36 months with $2,500 due at signing. Your effective monthly cost is $178, which we consider a strong deal. In places like New York, you'll find the 2019 Ioniq available from $79 per month with just $999 due at signing. Thus, your effective cost of ownership is just $107 per month.
Also, California residents taking the Clean Vehicle Rebate can offset the amount due at signing, resulting in an effective monthly cost of $123 before taxes and fees. This makes the Ioniq Electric one of the cheapest cars you can lease.
The first lease on a 2020 Ioniq Electric is in place. This one covers the California market only. Here, you'll find payments of $249 per month for 36 months with $2,500 due at signing. Your effective cost of ownership is $318 per month and that's much higher than what you'd pay for the 2019 model.
Hyundai restricts your driving to 10,000 miles per year.