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3/4 Front Glamour 2020 Hyundai Ioniq Electric
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MSRP:
$31,245 - $39,570See Discount Price
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YOUR TARGET PRICE:
$31,245 - $39,570  (Varies by Style)

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YOUR VEHICLE
Hyundai Ioniq Electric

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Learn More About The Hyundai Ioniq Electric

What you must know before purchasing your Ioniq Electric. Use this pricing analysis to negotiate the best price with the dealer.

Highlights:

  • Hyundai Ioniq Electric sold only in select states
  • Rebates: No cash back incentives
  • Finance: 1.9% for 60 months
  • Lease: From $109 per month (California)

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 April 1, 2020. 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.

Current Finance Deals

Interested in financing your new car? If so, make sure your dealer includes these incentives.

Financing Incentives

RebateAmount
Promotional APR Offer
Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.
 

Current Lease Deals

Considering a lease? These are the best lease deals available for the Hyundai Ioniq Electric.

Base EV (California)
Payment
$249
Term (mos)
36
Due at Signing
$2,500
MSRP
$34,000
Get a custom lease quote now » Get a custom lease quote now »

Leasing Incentives

RebateAmount
Promotional Lease Offer
Promotional lease offer available for qualified buyers on approved credit. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Consumer rebate may NOT be combined with HMF Special Lease Programs This HMF Special Lease program may be combined with Lease Cash
 
Lease Bonus Cash
Lease Cash
(Expires 3/31/20)Bonus cash available for qualified customers leasing a vehicle through the manufacturer's captive finance company on approved credit. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% This Cash is compatible with HMF Special Lease Rates
$11,500

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Expert's Rating

3.3Good | Details

MPG

145 City / 121 Highway

Introduction

What's New

As well as internal and external design changes, the 2020 Hyundai Ioniq Electric has more horsepower and a larger battery. Range has increased from 124 miles last year to 170 miles for 2020. Charging times have also improved with its more powerful 7.2-kW onboard charger (Level 2).

The standard infotainment screen improves to 8 inches, while Hyundai's suite of active safety becomes standard.

Choosing Your Hyundai Ioniq Electric

The Ioniq Electric is available in two trims: SE and Limited. Prices start at $34,000 including destination for the SE and climb to $39,570 for the Limited.

Engine Choices

The Hyundai Ioniq Electric is powered by a more powerful 38.3-kWh battery and a 100-kW electric motor, with power supplied to the front wheels through a single-speed automatic transmission. The electric powertrain generates 134 horsepower and 218 pound-feet of torque.

The bigger battery leads to a much improved 170 miles of all-electric range, according to the EPA. It also achieves 133 miles per gallon of gasoline equivalent (MPGe).

Passenger and Cargo Capacity

The Ioniq Electric is a hatchback that offers seating for five passengers. It offers 23 cubic feet of cargo space.

Safety Features

The Ioniq Electric gains Hyundai's bundle of safety features as standard equipment for the 2020 model year. This means automatic emergency braking, forward collision warning, pedestrian detection, lane keeping assist, a driver attention warning system, automatic high beams, and adaptive cruise control are standard.

Limited models additionally receive blind-spot monitoring, rear cross-traffic alert, and Hyundai's Highway Drive Assist feature for semi-autonomous driving on freeways.

Connectivity

The Hyundai Ioniq Electric comes standard with an 8-inch touchscreen, whereas Limited models receive a larger 10.25-inch touchscreen. Both displays come with Bluetooth, HD radio, satellite radio, and Android and Apple CarPlay integration. The Limited additionally gets navigation and wireless device charging.

SE - From $34,000

The Ioniq Electric SE trim offers all the basics and more. Remote keyless entry complements door handle approach lights and push button start. The cabin features heated front seats, six-way power front seats, cloth upholstery, a leather-wrapped steering wheel, and a 7-inch digital instrument cluster. The exterior gets heated side mirrors, automatic headlights, and LED headlights, taillights, and daytime running lights.

Limited - From $39,570

The Limited’s cabin is brightened by a power tilt-and-slide sunroof and ambient interior lighting. The seating upgrades to leather, rear passengers get their own HVAC vents, and the driver's seat gets power lumbar support and memory functionality. An eight-speaker Harman Kardon audio system is also standard. There are also splashes of chrome across the car’s exterior, which further benefits from side mirrors with puddle lights and turn signal indicators.

Compare Ioniq Electric Trims Side-By-Side

CarsDirect Tip

The 2020 Hyundai Ioniq Electric is back and better than ever with its improved range, safety features, and touchscreen. The price gap between SE and Limited models seems huge on paper, but if your budget will stretch, the latter’s superior specifications make its cabin a much more pleasant place to spend time.

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