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.
Tesla Model 3 Source: TeslaHyundai IONIQ 6 (Source: Hyundai)
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
Hyundai IONIQ 6 vs Tesla Model 3 price
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.
FTC: We use income earning auto affiliate links.More.
British Columbia got its first 400 kW DC fast charger last week at Canadian C-store chain On The Run, but that’s not the good part. As part of a limited time offer, these chargers are FREE!
The Canadian convenience store chain just took the wraps off its new, ABB-developed, 400 kW chargers earlier this month, but they’re already planning to bring the ultra-fast 400 kW dispensers to at least four more locations in BC this spring, and have them online just in time for the summer road trip season – something On The Run hopes its customers will appreciate.
“The A400 charger delivers an enhanced customer experience, with reliability and performance from a 32-inch screen to higher power charging sessions and power sharing,” reads the company’s official announcement, via LinkedIn. “Download the Journie Rewards app to start the charge – free for a limited time.”
On The Run’s new 400 kW ABB DC fast chargers are compatible with CCS and CHAdeMO plugs, and can accommodate Tesla and other NACS-equipped vehicles with an adapter. That said, the company seems to imply that Tesla drivers in particular will have a maximum charging speed of “just” 50 kW, which feel hilarious (given the current state of affairs between Tesla and the Canadian government), but probably isn’t.
Advertisement – scroll for more content
In addition to the ABB A400 400 kW units shown here, On The Run locations also employ the ABB Terra 184 dispensers rated at 180 kW. On The Run plans similar deployments at the four BC locations mentioned above, as well as two more each in Quebec and Ontario slated to go live towards the end of this year.
Electrek’s Take
Tesla’s controversial CEO Elon Musk once mocked 350 kW charging speed as being “for a child’s toy,” despite the fact that, nearly nine years later, his own cars and Superchargers can barely make it to 325 kW while others have sailed right on past. I made fun of that fact on the Quick Charge episode shown, above – and, while I do think it’s funny and relevant, the much more relevant piece of news here is that companies like BP Pulse, Revel, and Wallbox are actively deploying 400 kW solutions, today (while others hit the same mark as far back as 2017).
Terawatt Infrastructure‘s first medium- and heavy-duty electric charging truck stop in California is now online, in Rancho Dominguez.
Located 12 miles north of the ports of Long Beach and Los Angeles, the private Rancho Dominguez site, which is shared among multiple fleets, will support electric trucking fleet operations in and out of the largest container ports in the US.
First customers include Dreaded Trucking, Hight Logistics, PepsiCo, Quick Container Drayage, Southern Counties Express, Tradelink Transport, and WestCoast Trucking & Warehousing.
Terawatt’s electric charging truck stop features 20 pull-through and bobtail DC fast charging stalls with a capacity of 7 megawatts (MW), enabling charging for up to 125 trucks per day using a simple reservations system. Terawatt’s site features a proprietary charge management system, in-house technicians, 24/7 customer service, and onsite parts management.
Advertisement – scroll for more content
“This launch underscores growing collaboration between enterprises, shippers, carriers, and charging infrastructure providers to advance sustainable technologies across logistics and transportation operations, especially in the medium and heavy-duty sectors,” said Neha Palmer, CEO and cofounder of Terawatt. Palmer added that the company will bring another charging site online in Rialto, California, in June.
Terawatt joined some of the world’s largest shippers and carriers in September 2024 to launch the I-10 Consortium heavy-duty EV operations pilot, the “first-ever US over-the-road electrified corridor.” Terawatt is providing charging infrastructure, including software, operations, and maintenance support at six of its owned charging hubs along the I-10 corridor.
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
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. –trusted affiliate link*
FTC: We use income earning auto affiliate links.More.
In its most aggressive attack against offshore wind yet, the Trump administration halted the $5 billion Empire Wind 1, already under construction off New York’s coast.
Norwegian developer Equinor announced yesterday that it received notice from the Bureau of Ocean Energy Management (BOEM) ordering Empire Wind 1 to halt all activities on the outer continental shelf until BOEM has completed its review. Interior Secretary Doug Burgum posted this tweet yesterday:
.@Interior, in consultation with @HowardLutnick, is directing @BOEM to immediately halt all construction activities on the Empire Wind Project until further review of information that suggests the Biden administration rushed through its approval without sufficient analysis.
— Secretary Doug Burgum (@SecretaryBurgum) April 16, 2025
Burgum gave no indication of what insufficiencies there were in the approval process for the fully permitted offshore wind project, despite Trump’s recent declaration of a national energy emergency that speeds up permitting processes.
The commercial lease for the 810-megawatt (MW) Empire Wind 1’s federal offshore wind area was signed in March 2017 during the first Trump administration. It was approved by the Biden administration in November 2023 and began construction in 2024.
Advertisement – scroll for more content
The project is being developed under contract with the New York State Energy Research and Development Authority (NYSERDA). Empire Wind 1, which was due to come online in 2027, has the potential to power 500,000 New York homes.
“Halting construction of fully permitted energy projects is the literal opposite of an energy abundance agenda,” said American Clean Power Association CEO Jason Grumet in a statement. “We encourage the administration to quickly address perceived inadequacies in the prior permit approvals so that this project can complete construction and bring much-needed power to the grid.”
As Electrekreported, Equinor secured $3 billion to finance Empire Wind 1 in January. The total amount drawn under the project finance term loan facility as of March 31 was around $1.5 billion.
As of March 31, Empire Wind has a gross book value of around $2.5 billion, including South Brooklyn Marine Terminal (pictured above), which was expected to become the US’s largest dedicated port facility for offshore wind.
In response to BOEM’s stop work order, New York Governor Kathy Hochul issued the following statement:
Every single day, I’m working to make energy more affordable, reliable and abundant in New York and the federal government should be supporting those efforts rather than undermining them. Empire Wind 1 is already employing hundreds of New Yorkers, including 1,000 good-paying union jobs as part of a growing sector that has already spurred significant economic development and private investment throughout the state and beyond.
As Governor, I will not allow this federal overreach to stand. I will fight this every step of the way to protect union jobs, affordable energy and New York’s economic future.
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check outEnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
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 startedhere. –trusted affiliate link*
FTC: We use income earning auto affiliate links.More.