The 2023 Hyundai Ioniq 6 Starts At $42,715; Only $70 Cheaper Than Ioniq 5

The Hyundai Ioniq 6 is priced similarly to its sister model.

Sleek and streamlined, the Hyundai Ioniq 6 is the second EV in Hyundai’s lineup built on the brand’s purpose-built E-GMP Platform. Pricing has finally been released; the cheapest 2023 Hyundai Ioniq 6 starts at $41,600, or $42,715 after the $1,115 destination fee. Although the MSRP of the Ioniq 6 is more expensive than the Ioniq 5, its destination fee is cheaper, making the Ioniq 6 a nearly infinitesimal $70 lower in price.

The base-trimmed 2023 Hyundai Ioniq 6 SE Standard range comes with a smaller 53 kWh battery, feeding a 149 horsepower rear-mounted electric motor. By comparison, the Ioniq 6 has a smaller battery and less powerful motor than the base Ioniq 5 SE, which has a 58 kWh battery, and a 168 horsepower rear-mounted electric motor. Despite that, Hyundai claims the Ioniq 6 will achieve 240 miles of range, compared to 220 miles from the Ioniq 5’s larger battery, and bigger motor in similar trim.

The range leader would be the SE RWD Long Range. Equipped with a 225 horsepower rear motor, this trim can sail to 361 miles, and match the Lucid Air for efficiency. Interestingly, this range-leading trim is the next step up from the base, only starting at $46,615 after the destination fee. The topmost Ioniq 6, the Limited Long Range AWD, has two motors good for 320 horsepower. Pricing for that model is $57,215, or $1,620 cheaper than the equivalent Ioniq 5 in similar trim.

The pricing seems to be a smart move from Hyundai, it doesn’t penalize customers for opting for the more efficient sedan shape compared to the hatchback. It also seems to have the Tesla Model 3 right in its sights. Soon, we’ll find out if Hyundai’s pricing strategy will pay off.

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