Hyundai Wants Its Electric Car for €20,000
This page is translated from the original post "Hyundai veut sa voiture électrique à 20 000 €" in French.
- 21/07/2022 16:15
Hyundai is working on an electric city car that would succeed the i10.
36,400 €: this is the price of the Kona EV base model, which currently is the cheapest Hyundai electric car sold in France. The Ioniq in Executive trim — the only one still available — costs just over €40,000, while the Ioniq 5 lineup starts at €46,500. The new Ioniq 6 is not yet listed in the manufacturer’s catalog but is expected to be sold for more than €50,000.
Like most of its competitors, Hyundai has not yet democratized electric vehicles. But the Korean automaker is working on it and could be able to offer a model affordable for all in a few years. This information was revealed by Andreas-Christoph Hofmann, Hyundai’s Marketing Director for Europe.
Similar to the Volkswagen Group, Hyundai would favor the development of an electric city car around €20,000. Teams have already started working on the project, but it is still in the early stages. The model is not expected to be released immediately. It could succeed the i10, which has never been offered in an all-electric version.
Hyundai Will Not Be Alone
As the eco-friendly bonus is gradually disappearing, manufacturers have no choice but to develop cheaper electric models. Currently, the only electric car sold at around €20,000 is the Dacia Spring, which is enjoying significant success. Soon, Renault will also try to make its electric offerings more accessible with its new R5 and R4. Citroën plans to do the same with the upcoming new generation of C3 in 2023. On the Volkswagen Group’s side, preparations are underway for a trio of affordable electric city cars for Volkswagen, Skoda, and Cupra brands.
Read also: Dacia Spring takes the opportunity of the logo change to get a facelift
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