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Hyundai’s top-selling electric SUV is on sale. Starting at just $17,820, the Nissan Versa is America’s cheapest car, but with massive incentives, the 2024 Hyundai IONIQ 5 is even more affordable to lease.

With over 34,000 models handed over last year, Hyundai’s IONIQ 5 was the sixth best-selling EV in the US.

The momentum has not slowed in 2024 as sales have climbed steadily. After setting new sales records in March and May, nearly 15,000 IONIQ 5 models have been sold through the first five months of the year.

With massive new incentives, you can now lease a 2024 Hyundai IONIQ 5 for less than America’s cheapest car.

The 2024 Nissan Versa is the cheapest car in the US, starting at $17,820. However, without any promotions, you can lease a long-range, fast-charging electric SUV for less (and it looks way cooler).

Nissan’s Versa is listed at an estimated $381 per month to lease, according to online auto research firm CarsDirect. That’s for 36 months with $0 down and a $19,490 MSRP (2024 Versa S CVT).

Hyundai-IONIQ-5-lease-cheapest
2024 Hyundai IONIQ 5 (Source: Hyundai)

Hyundai IONIQ 5 lease prices are the cheapest yet

At just $229 for 24 months, the 2024 Hyundai IONIQ 5 SEL RWD (with up to 303 miles range) is a much better deal. With $3,499 due at signing, the effective cost is $375 per month, $6 cheaper than the Versa.

Considering the IONIQ 5’s $48,775 MSRP, the lease deal is hard to pass up. I mean, it’s even less per month than the cheapest car in the US.

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2024 Hyundai IONIQ 5 interior (Source: Hyundai)

Hyundai is able to offer such a low monthly payment by factoring in $10,000 in lease cash. The 2024 IONIQ 5 SEL RWD is not only one of the most affordable EVs in the US but also one of the most efficient.

In an exclusive interview with Electrek last month, Hyundai America CEO Randy Parker told us that the automaker is “humble and hungry” to distance itself from the competition. It’s doing so by giving customers confidence with long-range, fast-charging EVs at an affordable price.

Hyundai EV drivers have more to look forward to, as they will gain access to over 12,000 Tesla Superchargers by the end of the year.

If you want to take advantage of Hyundai’s huge lease discount, we can help you get started. You can use our link to view deals on the 2024 Hyundai IONIQ 5 at a dealer near you.

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More Cybertruck delays, GM and Hyundai break records, and a new electric classic

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More Cybertruck delays, GM and Hyundai break records, and a new electric classic

On today’s episode of Quick Charge, Tesla is delaying Cybertruck deliveries, 3rd time’s a charm for FSD transfers, EV sales are up all over, big trucks go far, and a classic electric Porsche.

We’ve got lots of Tesla news to get through today – some good, some bad, but all very much “on brand” for the electric carmaker we’ve come to know in recent years. Meanwhile, GM, Hyundai, and Kia and setting EV sales records, America’s big truck companies break ground on a new battery factory, Volvo clocks 50,000,0000 miles on its electric semis, and a classic electric Porsche 911.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded Monday through Thursday (that’s the plan, anyway). We’ll be posting bonus audio content there as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show!

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China is building a mammoth 8 GW solar farm

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China is building a mammoth 8 GW solar farm

State-owned power company China Three Gorges Renewables Group will build an 8 GW solar farm as part of a nearly $11 billion integrated energy project.

To put the sheer size of the 8 GW solar farm in perspective, the three largest solar farms in the world by capacity are China’s Ningxia Tenggeli and Golmud Wutumeiren solar farms, with a capacity of 3 MW each, and a 3.5-GW solar farm outside Urumqi, Xinjiang’s capital. 

In addition to the massive solar farm, the $10.99 billion project will also consist of 4 GW of wind, 5 GWh of energy storage capacity, 200 MW of solar thermal, and (disappointingly) 4 GW of coal-fired power. It will be sited in Ordos, in northern China’s Inner Mongolia region, the Shanghai-listed company said in a stock filing.

China Three Gorges says that the enormous integrated energy site’s power will be dispatched to the Beijing-Tianjin-Hebei cluster in northern China via an ultra-high voltage power transmission line.

The project will break ground in September and is expected to come online by June 2027.

China Three Gorges Renewables will take a 56% stake, and Inner Mongolia Energy Group will control 44%.

Read more: In a world first, China installs an 18 MW offshore wind turbine


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –affiliate link*

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Hispano Suiza will do a hill climb and show off its new 1,114 hp Carmen Sagrera at Goodwood

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Hispano Suiza will do a hill climb and show off its new 1,114 hp Carmen Sagrera at Goodwood

Boutique electric hypercar developer Hispano Suiza announced it would return to the Goodwood Festival of Speed this month to showcase two of its latest vehicles. One on display will be its newest model, the Carmen Sagrera, which packs four motors that combine for 1,114 horsepower.

Hispano Suiza is a boutique automaker in Spain with well over a century of experience. Founded in 1904, the brand established a prominent reputation by producing luxury cars, aircraft engines, trucks, and weapons throughout the early to mid-1900s.

The brand has been revived in recent years with a keen focus on all-electric hypercars that deliver one-of-a-kind performance. Hispano Suiza’s venture into bespoke BEVs began in 2019 with the debut of the Carmen – a truly unique model of which only 24 examples were assembled, and no two are exactly alike.

As an encore, Hispano Suiza launched the even more exclusive Carmen Boulogne. Only five were built, and one was delivered to a customer in the US in 2023. It currently sits as one of the most expensive BEVs on the planet.

To complete the trifecta, Hispano Suiza teased a third hypercar called the Carmen Sagrera this past February as a driveable nod to its 120-year history in automotive design.

We only caught a glimpse of its massive spoiler at the time but got the full picture in June when the Spanish automaker officially debuted it to the public in Barcelona. Later this month, Hispano Suiza intends to debut the Carmen Sagrera in the UK for the first time during the annual Goodwood Festival of speed.

It is there that it also intends to do a famous hill climb in another one of its all-electric hypercars.

Hispano Suiza to compete (and show off) at Goodwood

According to news from Hispano Suiza today, it will return to the Goodwood Festival of Speed and bring along not one but two all-electric hypercars. The first will be the previously mentioned Carmen Sagrera, which will be presented to the media and authorities in the UK for the first time, including The Duke of Richmond, who founded the annual Goodwood event.

The new all-electric hypercar, piloted by former Formula 1 driver Luis Pérez-Sala, will pull out onto the stage of Hispano Suiza’s dedicated stand. The public will be able to see it up close and take advantage of a pre-sale of Hispano Suiza’s new Capsule Collection of branded merchandise.

Those hoping to see the Carmen Sagrera in action as Goodwood may be disappointed, as it will only be on display. However, the automaker shared that it intends to do a hill climb with Carmen Boulogne, which is a nice consolation.

This year’s Goodwood Festival of Speed will occur July 11-14. If you’re there, be sure to check out the new Carmen Sagrera in person and report back.

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