When the IONIQ was released in 2016, it was the first vehicle to be available as a full electric vehicle, a plug-in hybrid electric, or simply a hybrid vehicle.
Hyundai made it clear that it was the start of a longer brand strategy for electric vehicles, and would be replaced by other IONIQ branded vehicles. In 2019, Hyundai announced that the first IONIQ series vehicle production would be ended, and other IONIQ vehicles would be created.
At the LA Auto Show in November 2016, Hyundai’s Eco-vehicle performance group head said that the 2017 Ioniq EV’s range of 124 miles is more than most would need. However, he went on to say that it still isn’t enough, and that Hyundai has a plan to extend that EV range to more than 200 miles by 2018.
The 2017 Ioniq EV is set to launch in early 2017 at the same time as the hybrid Ioniq – and will be followed shortly after with a plug-in hybrid version of the vehicle.
200 miles by 2018 will put the Ioniq in direct competition with the Chevy Bolt EV and the upcoming Tesla Model 3; both vehicles are above the 200 miles per charge mark, and by 2018 the Model 3 should be available.
February of 2017, Hyundai USA announced the pricing for its soon-to-be-realeased IONIQ Electric and IONIQ Hybrid.
The IONIQ Electric is currently rated as the most efficient EV by the EPA at 135 MPGe, and it is impressively priced at only $29,500. With the US Federal Tax Credit, that lowers the price by $7500 to only $22,000 plus an $835 destination charge for a 124 mile electric vehicle!
At a price this low, it makes the Nissan LEAF and the Ford Focus Electric seem less attractive. The 2017 Nissan LEAF 30kWh, for example, has an EPA range of 17 miles less (107 mile rating) and an MSRP $2000 higher than the IONIQ Electric. We will see Hyundai stealing sales from the other comparable EVs, and it might even attract a bunch of new people to the EV world.
The IONIQ Hybrid pricing was also announced, and the base model has an MSRP of $22,200. This puts it at $200 more than the EV model with the full tax credit.
Later than originally scheduled, the IONIQ EV is set to arrive at dealerships by the end of February 2017. The Plug-in hybrid will follow in the summer, and pricing will be announced for the IONIQ PHEV as that date nears.