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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.


  • 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 limited number of 2019 stock available as well.

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.

New this month is a free maintenance plan on the 2020 models. The way this works is Hyundai covers your routine maintenance at no cost to you. This is a tremendous value in addition to the other savings you'll find.

The current offers are in place through March 2, 2020. There is always a chance we'll see an update before Presidents' Day, so please check back.

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.

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Financing Incentives

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Current Lease Deals

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

Base EV (California)
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Base EV (New York)
Term (mos)
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Leasing Incentives

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150 City / 122 Highway


The 2019 Hyundai Ioniq Electric is the belt-wearing title-holder of a prestigious honor: the most fuel-efficient car on the road. That badge isn’t without limitations, chiefly the fact that the Ioniq Electric is currently only sold in California. But for those who can find one to buy, the Ioniq Electric is a legitimate competitor to the electric establishment.

What's New for 2019

Changes to the 2019 Ioniq Electric come in the safety and technology departments. Driver attention alerts and automatic high beams join the list of available safety features, and remote charge management is now standard. Navigation-equipped Ioniq’s gain new voice-recognition software.

Hyundai Ioniq Electric

Choosing Your Hyundai Ioniq Electric

All Ioniq Electrics share a heart: a 28-kWh litium-ion battery paired to an 88-kW motor. The system is good for 118 horsepower and 218 pound-feet of torque. Power is sent to the front wheels via a single-speed reduction-gear transmission.

More importantly, the EPA estimates a range of 124 miles and an efficiency of 136 miles per gallon of gasoline equivalent (MPGe). At the time of writing, that’s the highest rating of any vehicle sold in the US. The electric range, however, is a bit lower than that of rivals like the Nissan Leaf – expect a battery upgrade in the next couple years.

The Ioniq Electric also loses out on cargo capacity, although it still manages a respectable 23 cubic feet. Even base models are well equipped. Standard perks include remote start, keyless entry, push-button start, automatic climate control, and heated front seats.

The remainder of the features are decided by trim, of which there are two:


Base Electric models start at $30,700 (all prices include the $885 destination charge). The wheels are low-resistance 16-inchers, but the running lights are LEDs and the side mirrors are heated. The rear seats are a 60/40-split folding bench, and the steering wheel comes wrapped in leather. A seven-inch touchscreen controls infotainment, complete with Apple CarPlay and Android Auto compatibility, Hyundai’s Blue Link connectivity system, and a rearview camera. Besides choosing from four exterior colors, no options or packages are available. The only interior upholstery is black cloth.


The Ioniq Electric Limited bumps the starting price to $37,200, but adds a considerable number of features. In addition to all the features of the base trim, the Limited gets xenon headlights, power-folding side mirrors, a sunroof, a power-adjustable driver’s seat, leather upholstery, an auto-dimming rearview mirror, and ambient lighting. A larger eight-inch infotainment touchscreen boasts navigation and a premium sound system, complete with a wireless charging station.

The Limited trim also gets Hyundai’s suite of active safety tech. These features include automatic emergency braking, blind-spot monitoring, rear cross-traffic alert, adaptive cruise control, lane departure warning, and lane keeping assist. Just like the base trim, the only choice for buyers to make is exterior color.

CarsDirect Tip

The base 2019 Hyundai Ioniq Electric offers a cheap entry into the world of electric cars, especially after federal tax credits. But for most buyers, it’s probably worth stepping up to the Limited trim, which gets useful luxury and safety perks.

Get your price on a Hyundai Ioniq Electric »

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