The new 2024 Hyundai IONIQ 6 will start at $4,100 less than last year’s model. Hyundai says the lower price is due to “production efficiencies and scale.”
The entry-level Hyundai IONIQ 6 SE Stand Range starts at $41,600 right now, but holding out until the 2024 model will save you over $4,000.
Hyundai is lowering the price of the 2024 IONIQ 6 base model, which will now start at $38,615. You can also save between $2,450 and $3,050 on higher-priced trims.
How is Hyundai offering lower prices? A spokesperson from the company told Car and Driver that it was because of “production efficiencies and scale.” In other words, Hyundai is building EVs at a lower cost and can pass the savings on to buyers.
2024 Hyundai IONIQ 6 gets cheaper starting price
The cheapest IONIQ 6 is the SE Standard Range RWD. Starting at $38,615, the base model features a 53 kWh battery for a 240-mile estimated range.
All other trims come with a larger 77.4 kWh battery, providing between 270-361 estimated miles of range. The IONIQ 6 RWD SE, with an estimated 361-mile range, starts at $43,565, while adding AWD bumps the price up to $47,065. Both models are over $3,000 cheaper than last year.
| 2024 Hyundai IONIQ 6 trim | Battery (kWh) | Estimated Range (miles) | Starting Price |
| SE Standard Range RWD | 53 | 240 | $38,615 |
| SE RWD | 77.4 | 361 | $43,656 |
| SEL RWD | 77.4 | 305 | $46,365 |
| Limited RWD | 77.4 | 305 | $51,265 |
| SE Dual Motor AWD | 77.4 | 316 | $47,065 |
| SEL Dual Motor AWD | 77.4 | 270 | $49,865 |
| Limited Dual Motor AWD | 77.4 | 270 | $54,765 |
Top comment by Tom D
Contrary to some of the comments, Hyundai has been getting decent sales on the Ioniq 6. They don't sell as many as they do the Ioniq 5, but that's not surprising when you consider the number of SUV-like vehicles that are now selling in the U.S. versus the number of sedans. But it's also the case that Hyundai has been offering pretty substantial incentives on both Ioniq vehicles to compensate for the lack of eligibility for the $7500 federal tax credit. So my suspicion is that at least part of what is going on here may simply be that Hyundai is hoping to reduce the incentives but recognizes that they need a lower base price in order to do that. Of course it is also the case that the price drops make the 6 more competitive against the Tesla Model 3...
As for appearance, that is in the eye of the beholder -- and to my eyes, the Ioniq 6 looks much better than the Model 3.
As for Hyundai's claim that “production efficiencies and scale" are letting them lower the price, I'm hoping that actually is true without necessarily being convinced that it is so. The fact is that for the EV transition to proceed, we need that statement to be true not just for Hyundai but for more companies (other than just Tesla).
The upper trims, including the SEL and Limited, are $2,450 lower than last year. The 2024 SEL RWD starts at $43,565, while the Limited can be bought for $51,265. The AWD versions are also discounted at $49,895 and $54,765 apiece.
The news comes after Hyundai slashed lease prices on the IONIQ 6 and IONIQ 5 EVs earlier this month. Hyundai is now offering some of the cheapest rates since launching the electric models.
Through October 31, Hyundai is offering those who buy or lease a 2023 or 2024 IONIQ 5 or IONIQ 6 a free ChargePoint L2 Home Flex Charger ($549 MSRP) and a $600 installation credit to get you up and running.
Are you ready to take advantage of some of the lowest IONIQ 6 prices so far? You can use our links to find a great deal on a new Hyundai IONIQ 6 at a nearby dealer. Click here today to get started.
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