Hyundai has announced significant price reductions for its 2024 Ioniq 6 electric sedan, with the base model now starting at $38,615, a decrease of $4100 from last year.
Other trims in the lineup also see price cuts ranging between $2450 and $3050. According to a Hyundai spokesperson, the price reductions are attributed to “production efficiencies and scale,” speaking to Car and Driver.
The entry-level SE trim, featuring rear-wheel drive and a standard-range 53.0-kWh battery, is the most affordable in the lineup. Models with the larger 77.4-kWh battery start at $43,565 for the rear-wheel-drive version, and $47,065 for the all-wheel-drive variant. Both are $3050 cheaper compared to their 2023 counterparts.
The higher-end SEL and Limited trims also benefit from the price cuts. The SEL RWD starts at $43,565, and the Limited RWD begins at $51,265, each $2450 less than last year. The all-wheel-drive versions of these trims are priced at $49,895 and $54,765, respectively.
In terms of range, the base Ioniq 6 with the smaller battery has an EPA-estimated range of 240 miles. Models with the larger battery can achieve up to 361 miles, although opting for 20-inch wheels reduces this by 56 miles. All-wheel-drive models have a maximum estimated range of 316 miles with 18-inch rims, which drops to 270 miles with 20-inch wheels.
While real-world testing indicates that the Ioniq 6’s actual range may fall short of EPA estimates, the new pricing strategy makes it a more accessible option for potential buyers.
