Hyundai Ioniq 6 and Kona Electric EVs slash prices by up to $20,000, but there is a catch

Hyundai has aggressively discounted its Ioniq 6 and Kona Electric EVs with savings up to $20,000, but there is a catch for buyers.

Customers will need to purchase via Hyundai Finance to be eligible for the savings in the form of a deposit contribution, effectively reducing the size of the loan but tying them to the brand’s interest rate.

In-stock and demonstrator versions of the Ioniq 6 electric car are eligible in the offer, with the Dynamiq and Techniq grades discounted $15,000, while the Epiq receives a $20,000 cut.

Of note, the Techniq variants were discontinued in late 2023 in a range reshuffle for the Ioniq 6.

Hyundai has sated there are 230 units of the Ioniq 6 available nationwide eligible for the offer, and the current retail price for qualifying models starts from $78,500 before on-road costs.

The full price and specification breakdown of the Ioniq 6 range can be found here.

As for the Kona Electric, all variants receive a $5000 deposit contribution, and are eligible on vehicles built before 30 July 2024, with 371 units available.

There are five versions of the Kona Electric available, priced from $54,000 and topping out at $68,000.

For the full rundown on the Kona Electric, specification and pricing can be found here.

On top of the discounted pricing, Hyundai is also bundling an Autel 22kW home charger or an Evie charging voucher – both to the value of $1500 – with each purchase.

Hyundai’s new retail offer runs until 31 March.

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Tung Nguyen has been in the automotive journalism industry for over a decade, cutting his teeth at various publications before finding himself at Drive in 2024. With experience in news, feature, review, and advice writing, as well as video presentation skills, Tung is a do-it-all content creator. Tung’s love of cars first started as a child watching Transformers on Saturday mornings, as well as countless hours on PlayStation’s Gran Turismo, meaning his dream car is a Nissan GT-R, with a Liberty Walk widebody kit, of course.

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