2024 Hyundai Kona Electric Now Starts At $26,550 With New Deal

Because the remaining 2023 Chevrolet Bolt EV and Bolt EUVs go away seller heaps, the sub-$30,000 EV market is quickly dwindling. Right now, the one EV with a sub-$30,000 tag is the $29,235 ($25,485 with tax credit score) Nissan Leaf. Whereas the Nissan Leaf remains to be a decent electric car, the 40-kilowatt-hour model is a little bit of a bore and has been just about unchanged since 2018. So this leaves a query that solely automakers can reply: will there be extra reasonably priced EVs? With a latest incentive from Hyundai, the reply is a convincing “sure.”

Ending April 30, Hyundai is providing $7,500 off the acquisition worth of a 2024 Kona Electrical. This supply is legitimate on all trims and offers a notable low cost because the credit score makes up a hefty share of the automobile’s worth. The Kona Electrical SE now runs $26,550, simply $1,065 greater than a Nissan Leaf with the IRA tax credit score.

There’s a case for paying extra for the Kona because of its liquid-cooled battery pack and extra fashionable SUV-esque physique fashion. Nonetheless, the now $26,550 Kona Electrical SE is a stable deal.

Beforehand, the Kona Electrical was solely a so-so worth proposition with a beginning worth of $34,050. At that worth, it’s exhausting to not contemplate {that a} 2024 Tesla Model Y RWD is simply $37,130 with the Inflation Discount Act (IRA) EV incentive. At $3,080 extra, the Mannequin Y is quicker, presents many extra options and area, expenses faster, and goes additional. Merely put, with its 133 horsepower powertrain and 200-mile vary, the Kona Electrical has no enterprise being within the $30,000 vary. 

For some fortunate patrons, it will not be.

• Incentivized Worth: $26,550
• 133 horsepower
• 48.6 kWh battery
• 200-mile EPA vary

• Incentivized Worth: $30,550
• 201 horsepower
• 64.8 kWh battery
• 261-mile EPA vary

• Incentivized Worth: $34,920
• 201 horsepower
• 64.8 kWh battery
• 261-mile EPA vary

For the 2024 mannequin 12 months, Hyundai launched a brand new physique fashion to the Kona lineup and a brand new EV battery possibility. Traditionally, Hyundai provided the Kona Electrical with a single powertrain possibility: a 64.8 kilowatt-hour liquid-cooled battery paired with a 201 horsepower electrical motor. For 2024, Hyundai launched an entry-level possibility that includes a smaller 48.6-kilowatt-hour battery and a considerably insignificant 133-horsepower motor. SEL and Restricted function the bigger pack and can travel 261 miles, per the EPA. The SE has the little battery possibility, reaching 200 miles on a single cost. 

Hyundai improved the DC quick charging velocity to 100 kilowatts, that means a ten to 80 % cost will take round 45 minutes. It is not at all as quick to cost because the pricier Ioniq 5 and 6, nevertheless it’s a step up from the Chevrolet Bolt, whose {hardware} is relatively old fashioned. 

The Kona Electrical SE, which begins at $26,550 with the motivation, presents a good repertoire of ordinary options, together with wi-fi Apple CarPlay, a six-way energy driver’s seat, and adaptive cruise management. At $30,550 is the Kona Electrical SEL, which comes with a much bigger battery and a beefier electrical motor. The SEL options heated entrance seats, roof rails, and a leather-wrapped steering wheel, amongst others. The highest-trim Restricted model goes for $34,920 with the low cost. It comes with Hyundai’s Digital Key, ventilated entrance seats, a heated steering wheel, an influence tailgate, Bose Audio and extra. 

Whereas shopping for a Kona Electrical outright is far more reasonably priced, leasing may very well be a greater route for some, because of the $7,500 leasing incentive. For these occupied with leasing, Hyundai can also be providing some compelling offers. 

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• Lease: $169 per 30 days for twenty-four months with $1,999 due at signing
• Whole worth: $6,055 for twenty-four months

• Lease: $199 per 30 days for twenty-four months with $1,579 due at signing
• Whole worth: $6,355 for twenty-four months

• Lease: $242 per 30 days for twenty-four months with $1,999 due at signing
• Whole worth: $7,807 for twenty-four months

Regardless of the comparatively sizeable trim-related worth bumps for purchasing, leasing greater trim-level choices is a bit peculiar because the SEL is a mere $300 greater than the SE. For an additional $12.50 a month, lessees can have entry to 61 further miles of vary, 68 extra horses, and extra consolation options. In that lens, leasing an SEL makes probably the most sense. 

No matter whether or not one was to lease or buy the Kona Electrical, the brand new costs make the Kona Electrical look far more intriguing to patrons. The Kona Electrical is not at all a world-beating electrical automobile, however for lower than $27,000 out-the-door, it is actually price trying into. 

Observe: The Hyundai Kona EV is accessible in each state aside from South Dakota, Wyoming, and South Carolina.