Hyundai Kona, Ioniq 5 EV Pricing Slashed by Thousands
Hyundai says the cuts and trimmed standard equipment are aimed at keeping its EVs competitive as sales of the Ioniq 5 slipped 38.5% this year.
- Hyundai slashed entry-point pricing for its Kona Electric and Ioniq 5 ranges by up to $8,000. The Kona Electric Standard Range now starts at $46,000, while the Ioniq 5 RWD opens at $68,200.
- Facing an "extremely price-competitive EV market," a Hyundai Australia spokesperson stated that competitors' popularity prompted the reductions. Ioniq 5 sales declined 38.5 per cent year-on-year, with just 224 registrations in the first five months of 2026.
- Specific equipment changes accompany these price cuts, with the automaker removing standard wall socket charging cables and interior V2L ports from affected models. The Kona Electric Elite trim now slots between the base and Premium grades.
- Until June 30, 2026, buyers can access drive-away deals on both ranges. The Kona Electric is available from $45,990 and the Ioniq 5 from $71,990, provided customers take delivery by the financial year-end.
- Celebrating its 40th year in Australia, Hyundai utilizes its 170-strong dealer network to support sales amid competitive pressure. The brand's newer Elexio mid-size SUV has already recorded 549 registrations this year, outpacing Ioniq 5 performance.
12 Articles
12 Articles
The Hyundai Kona Electric and Ioniq 5 Get Surprise $5,700 Price Reductions Across the Range
The South Korean automaker isn't keen on bringing too many novelties to the Land Down Under, but this time around, the Australian customers who love zero-emission vehicles will be very interested in what they have to say. Hyundai hasn’t introduced many novelties dedicated to (continue reading...)
The Driven
evshift.comHyundai slashes prices of Kona Electric and Ioniq 5 EVs, but cuts some features
The EV price war continues apace with new models now regularly breaking the $50k and $40k barriers, leaving other manufacturers scrambling to catch up. Hyundai is the latest to move - again. The post Hyundai slashes prices of Kona Electric and Ioniq 5 EVs, but cuts some features appeared first on The Driven.
Big price cuts announced for Hyundai EVs in Australia, and they're not limited-time offers
Hyundai has slashed $8000 from its Kona Electric and Ioniq 5 electric cars in Australia, but some standard equipment has been deleted. The 2027 Hyundai Kona Electric and Hyundai Ioniq 5 electric cars have received a price cut in Australia, at the expense of some standard features for the cheapest grades. Excluding the Ioniq 5 N performance car, the recommended retail prices (RRPs) of all grades of the Kona Electric and Ioniq 5 have been slashed…
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