From October, Hyundai will introduce significant price cuts for the Ioniq 5, Ioniq 6, and Kona EV, with Kia doing the same for the EV6, Niro EV, and Niro Plus.
, and Niro Plus, which is a roomier variant of the previous-gen Niro EV built by the brand's PBV division.
Going into effect next month, the discounts will run through the end of 2023 in order to benefit from the government's temporary subsidy expansion, the automakers said., which will sell for the equivalent of $34,100 , a reduction of almost $3,000. Residents of South Korea's capital city of Seoul will be able to get the Ioniq 5 for even less thanks to local subsidies, which will drop the base price to approximately $30,000 .
At $34,100, the Ioniq 5 will become a lot more affordable in Korea than in the US, where it starts at $41,450, or the UK, where it's priced from around $53,000 – before potential subsidies.
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