Hyundai has finally shared the first pricing information for its electric Kona SUV, and the figures will be welcome news for those looking to shed fuel costs and emissions from their everyday travel without entering premium-price tag territory. The 2019 Kona Electric will start at US$36,450, with EV-related tax incentives available to US customers that can drive the price below the $30,000 mark.
The $36,450 price tag is attached to a mid-range model offering 258 miles (415 km) of range on each charge, with pricing for other variants, including the long-range 300-mile (482-km) version, to follow.
Depending on individual tax circumstances, US customers can take advantage of tax credits of up to $7,500 when buying electric vehicles. This is the same mechanism Tesla leverages in selling its cars as it edges towards its much-anticipated $35,000 price point for the Model 3 sedan. But the Kona's $28,950 total with tax incentives included is lower than what Tesla is currently able to offer, with its cheapest Model 3 today carrying a price of $37,500, tax credits included.
With the current timeline around the arrival of a $35,000 Model 3 very much unknown, Hyundai's Kona seems well-placed to tempt shoppers away from Tesla's mass-market sedan, despite them being different types of vehicles. And if nothing else, greater options and some healthy competition in the EV arena can only be good news for consumers (not to mention the planet as a whole).
Hyundai is producing the Kona Electric at its plant in Ulsan, Korea, and expects the first models to become available in California at the beginning of 2019.
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