Guess Where Hyundai Plans to Launch a $25K Small Electric Car

Despite some pretty generous incentives from governments, the high cost of electric vehicles remains a major hurdle for most consumers around the world. It’s good to see that a few automakers are working hard to develop more affordable models.

You can now count Hyundai among them. The Korean manufacturer has indeed announced that it plans to launch a new small electric car for $20,000 euros or less, which means just over $26,000 CAD at the current exchange rate.

There is great news, for sure. However, don’t get your hopes up: Hyundai is targeting the European market with no signs of a comparable offering on this side of the Atlantic in the short or medium term.

Photo: Hyundai

The goal is to replace the Hyundai i10, a popular little hatchback (also sold in India and a few more countries), by introducing a fully electric car that would help the company meet Europe’s increasingly stringent emissions regulations and maintain a proper market share in the small-car segment. It will be a direct answer to the Honda e, among others.

In North America, as you know, regulations are much looser and pocket-sized vehicles have become marginal sellers. Do we need to remind you that Hyundai has killed the Accent, Elantra GT, IONIQ (which offered an EV variant) and Veloster?

Photo: Hyundai

If you want a gas-free Hyundai, you must turn to either the Kona Electric or the IONIQ 5, each of which carries a base MSRP just under $45,000. Delivery times for the latter continue to be ridiculous long, unfortunately, and that will likely be the case with the new IONIQ 6 sedan promising even better range.

In fact, with this model and the IONIQ 7 three-row SUV coming right after, Hyundai clearly prefers to sell us larger and more expensive electric vehicles than catering to those who simply want cheap, zero-emission transportation.

Watch: 2022 Hyundai IONIQ 5 Hits the Road

Share on Facebook

More on the subject

NewsFuture “$25,000 Tesla” to be Sold Across the Globe
We’ve known for a while now that Tesla plans to make a cheap, entry-level car—some are already calling it the Model 2, others are talking about the “$25,000 Tesla” which is what CEO Elon Musk has promised—but details remain pretty vague. It will be designed and engineered in a new …
ElectricHyundai Unveils Sporty EV Concepts, Announces IONIQ 5 N in 2023
As part of its “N Day” in South Korea, Hyundai confirmed the launch of a high-performance variant of the IONIQ 5 electric crossover in 2023. Unfortunately, no details or official pictures are available at this point. The event also included the reveal of two stunning electric sports car concepts—or “rolling …
ElectricExclusive Hyundai to Open New EV Boutique in Montreal
While greeting visitors at the 2022 Montreal Electric Vehicle Show on Friday, Hyundai took the opportunity to announce a new EV boutique opening in Montreal later this spring. It will be North America’s first standalone EV boutique by a mainstream OEM, following the lead of niche brands like Genesis and …
ElectricHyundai Now Plans to Launch 17 New EVs by 2030
Hyundai is accelerating its transition to electrification despite a challenging business environment caused by the global chip shortage and ongoing pandemic, CEO Jaehoon Chang said today during the automaker's Investor Day forum. The plan is to invest the equivalent of $20 billion CAD in EVs by 2030 including the launch …
Comments