You can now buy a Hyundai IONIQ 6 for less than a Tesla Model 3
Which electric sedan would you buy? With Hyundai’s recent price cuts, the IONIQ 6 is now cheaper to buy than the Tesla Model 3. However, you might want to act fast. The deal ends on July 5, 2023.
Hyundai introduces new $5K IONIQ 6 price cut
According to a letter sent to Hyundai dealers last week (via Cars Direct), several IONIQ 6 trims are eligible for $5,000 in retail bonus cash.
On Hyundai’s website, the $5,000 featured cash offer applies to the SE Standard Range, SE, and SEL models. Meanwhile, Buyers of the premium IONIQ 6 Limited are eligible for a $2,000 cash offer (up from $1,000 previously). The promotion cannot be combined with any other offers.
The discount is available now through July 5, 2023. Hyundai is lowering the price by 33% compared to its previous $3,750 offering.
At $5,000 off, you could get your hands on a new IONIQ 6 (SE Standard Range) for around $37,715 (regular starting at $42,715). The promotion also applies to its first electric vehicle, the IONIQ 5 electric SUV.
In comparison, the Tesla Model 3 starts at $40,240 on top of a new three months of free unlimited Supercharging offer.
| electric sedan | Starting price | Price after discount |
Range (EPA-est) |
MPGe (combined) |
| Hyundai IONIQ 6 SE (Standard range ) |
$42,715 | $37,715 | 240 mi | 135 |
| Hyundai IONIQ 6 SE | $45,500 | $40,500 | 361 mi | 140 |
| Hyundai IONIQ 6 SEL | $47,700 | $42,500 | 305 mi | 117 |
| Tesla Model 3 RWD | $40,240 | $40,240 | 272 mi | 132 |
Keep in mind all Tesla Models, including the Model 3, now qualify for the $7,500 tax credit. Although it’s now a better time to buy the IONIQ 6, Hyundai is still offering a $7,500 lease incentive to remain competitive in lieu of the tax credit.
On the other hand, Hyundai is slashing IONIQ 6 financing rates from 2.75% APR for 60 months to 1.49%. The automaker states:
Effective 6/14/2023 – 7/5/2023 Special Low 0.99% APR (up to 36 months) at $28 per $1,000 financed for qualified buyers. Special Low 0.99% APR (up to 48 months) at $21 per $1,000 financed for qualified buyers. 1.49% Annual Percentage Rate (APR) up to 60 months. 1.99% Annual Percentage Rate (APR) up to 72 months. APR financing available, subject to credit approval by Hyundai Motor Finance to very well qualified buyers and not available on balloon financing.
Compared to the previous 2.75% APR, this could amount to nearly $1,700 in savings on a four-year loan for a $45,000 car.
If you’re ready to buy you’re new Hyundai IONIQ 6 at a nearby dealer for a great price, you can use this link to reach out today.
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Hyundai is about to launch a new electric SUV in China. With its big debut coming up, Hyundai just dropped a sneak peek, and it looks like it could be the IONIQ 4. Check it out for yourself in the video below.
Is Hyundai teasing the IONIQ 4?
We caught our first glimpse of the new EV model last month after Beijing Hyundai released a few official “spy” photos.
Despite the camouflage, you can see a few design elements, like a light bar across the front, slim LED headlights, and a closed-off grille. At first, it almost looks like a smaller version of the IONIQ 9, Hyundai’s first three-row electric SUV, but with a much sportier, shaped profile.
Beijing Hyundai released a new teaser for the upcoming electric SUV this week. The video shows “a wave of high-end operations” as the vehicle dances across the snow.
The video highlights features like real-time torque control, high-speed cornering, and the SUV’s impressive body control while driving around cones.
Hyundai’s new electric SUV is being called “OE” internally, according to The Korean Car Blog, suggesting it could be an IONIQ model.
All other Hyundai IONIQ EV models were also codenamed with an “E” internally, which is raising speculation that this could be the IONIQ 4.
Like most global OEMs, Hyundai is fighting to compete in an intense Chinese EV market, which is dominated by domestic automakers like BYD.
Hyundai opened its first overseas R&D center last year in China to spearhead its comeback. It will work with local suppliers and tech companies to develop EVs designed for Chinese buyers. The new electric SUV is expected to launch in China later this year, followed by three new energy vehicles, including EVs and EREVs.
Beijing Hyundai will release more information on April 16, with the electric SUV set to “challenge the limit of driving performance.”
What do you think of Hyundai’s new electric SUV? Is this the IONIQ 4? Let us know your thoughts in the comments.
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Charge point provider char.gy has secured a £130 million contract to install 6,000 curbside EV chargers for Brighton and Hove City Council (BHCC) – the UK’s largest installation of its kind.
London-based char.gy has also been awarded a 15-year contract to operate and maintain the charging network.
Installing Level 2 chargers curbside, where most drivers in the UK park, will enable more people to take advantage of cheaper charging rates while juicing up their EVs overnight. (charg.gy’s pay as you go night tariff, between midnight and 7 am, is £0.39/kWh, compared to its £0.59/kWh day tariff.)
John Lewis, chief executive of char.gy, said the project is “a huge moment for the UK and its EV ambitions. This partnership alone will empower thousands of residents to confidently make the switch to electric vehicles, knowing they have easy access to chargers.”
Brighton and Hove City Council is among the first to tap into the government’s Local EV Infrastructure (LEVI) Fund, designed to help English local authorities roll out charging solutions for residents without off-street parking. Future of Roads Minister Lilian Greenwood said making EV charging as accessible as possible is “crucial to making the switch to electric a success.”
The UK now has over 75,000 public EV chargers, according to the Department for Transport—and it looks like the country’s on pace to hit its 2030 target. Back in December, the National Audit Office said the rollout is “on track” to meet the DfT’s estimate that at least 300,000 chargers will be needed by the end of the decade.
Read more: Meet the UK’s largest solar + storage EV charging ‘Superhub’
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