Rebel Editor July 12, 2021

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Hyundai’s most affordable electric car has gone up in price by $1000 after NSW and Victoria announced $3000 tax rebates on electric vehicles.

The 2021 Hyundai Ioniq is the second electric car to go up in price since the NSW and Victorian governments announced $3000 tax rebates on electric vehicles.

The starting price of Hyundai’s most affordable electric vehicle has risen by $1000 to $49,970 plus on-road costs for the Hyundai Ioniq Electric Elite.

The better-equipped Hyundai Ioniq Electric Premium has also gone up by $1000 to $54,010 plus on-road costs.

The Ioniq price rises coincide with the recent $1000 increase on the MG ZS EV – Australia’s cheapest electric car – to $44,990 drive-away.

Hyundai has also increased the price of the plug-in hybrid version of the Ioniq Premium by $1000 to $47,950 plus on-road costs.

The regular hybrid version of the Hyundai Ioniq Premium has also risen by $1000 to $41,390 plus on-road costs.

Although the Hyundai Australia website still lists the entry-level versions of the Ioniq Hybrid and Plug-In Hybrid as being available, those two models have been removed from industry price lists.

Hyundai Australia has been contacted for comment regarding the price rises.

However, Hyundai dealer sources have told CarAdvice the price changes on the Ioniq range were mooted before the NSW and Victorian Governments announced their $3000 rebates on electric vehicles, and are tied to dealer sales target bonuses.

The Victorian Government introduced a $3000 rebate for electric car buyers in May 2021.

In NSW, buyers of electric cars will receive a $3000 rebate and stamp duty waiver from September 2021.

Within the Hyundai range, the electric-car price rises are unique to the Ioniq model series.

Hyundai’s other electric car, the Kona Electric, has not gone up in price – even though it falls within the cost threshold of the NSW and Victorian rebate programs.

The $3000 cashback offers by the NSW and Victorian governments apply to electric vehicles priced below $68,750.

2021 Hyundai Ioniq Australian pricing

  • Ioniq Hybrid Premium – $41,390 (up $1000)
  • Ioniq Plug-in Hybrid Premium – $47,950 (up $1000)
  • Ioniq Electric Elite – $49,970 (up $1000)
  • Ioniq Electric Premium – $54,010 (up $1000)

Note: All prices listed above exclude on-road costs.

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