The Hyundai Ioniq 6 made a splash when it first came out awhile back. However, the model did have pricing that helped put it out of reach of some buyers despite some of the tech and poise that the sedan brought to the segment. Hyundai has kept these buyers in mind for 2024, and confirmed that the model will see price cuts acrosss the entire model family.
Ioniq 6’s New Price Cuts Aim To Enhance Sales
With the Ioniq 6 being carried over unchanged for the new model year, the forementioned pricing changes are the main updates that will be in the spotlight for the new model year. First reported by Car and Driver before later being confirmed by Hyundai, the base SE Standard Range will now have a revised base price of $38,615 which includes the $1,113 destination fee and is an over $4,000 reduction when compared with the outgoing model. That model gets rear-wheel drive and a smaller 53.0 kWh battery pack that allows it to get 240 miles of range.
Meanwhile the SE Long Range gets a base price of $43,565 and a bigger 77.4 kWh battery pack while the AWD model gets a higher price of $47,065 which are both $3,050 cheaper than before. The SEL and the Limited models get their prices slashed by $2,450 each with these models starting at $43,565 and $51,265 respectively for their default RWD forms. Adding AWD and a second electric motor to both trims sees prices go up to $49,895 and $54,765. Hyundai claimed that the price cuts were due to “production efficiencies and scale” however, we suspect that this move was a response to Tesla’s recent wave of price cuts for the Model 3 and the Model Y.
Hyundai’s move also follows a prior cut in lease rates in recent months that was also in response to Tesla’s moves. Look for the first 2024 models to make their way to Hyundai showrooms soon with the model continuing to be an alternative to the Ioniq 5 SUV.
Carl Malek has been an automotive journalist for over 10 years. First starting out as a freelance photographer before making the transition to writing during college, his work has appeared on numerous automotive forums as well as websites such as Autoshopper.com.
Carl is also a big fan of British vehicles with the bulk of his devotion going to the Morgan Motor Company as well as offerings from Lotus, MG, and Caterham. When he is not writing about automobiles, Carl enjoys spending time with his family and friends in the Metro Detroit area, as well as spending time with his adorable pets.