Hyundai slashes EV prices to the bone
Hyundai has announced massive price cuts to four of its electric vehicle models as it looks to move existing stock in the fourth quarter of 2025.
The biggest cuts are to its MY23 Ioniq 6 range, with the top-spec Ioniq 6 Epiq dropped from more than $90,000 to just $59,990 drive away – a saving of $34,000.
This puts the Ioniq 6 on level pegging with the likes of the Polestar 2, which retails for around $62,000 before on-road costs, and the Tesla Model 3 RWD Long Range ($61,900).
Even the relatively new Hyundai Inster range has had prices slashed, with a $3320 drop pushing the Inster Standard Range below $40,000 drive away.
Also subject to hefty price drops are the popular Hyundai Kona Electric ($49,990 drive away) and Ioniq 5 ($65,990 drive away).
These savings are available at Hyundai dealerships nationwide and will be offered until the end of the year while stocks last.
| Model | Drive away price | Saving* |
| Kona Electric (Standard Range) | $49,990 | $9189 |
| Ioniq 5 (Standard Range) | $65,990 | $9779 |
| Inster (Standard Range) | $39,990 | $3320 |
| Inster (Extended Range) | $42,490 | $3925 |
| Inster Cross | $45,990 | $3540 |
| Ioniq 6 Dynamic (MY23) | $49,990 | $27,564 |
| Ioniq 6 Teqniq (MY23) | $54,990 | $33,589 |
| Ioniq 6 Epiq (MY23) | $59,990 | $34,142 |
* Based on NSW registration.
