Hyundai’s most affordable electric car has gone up in price by $1000 after NSW and Victoria announced $3000 tax rebates on electric vehicles.
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The 2021 Hyundai Ioniq is the second electric car to go up in price since the NSW and Victorian governments announced $3000 tax rebates on electric vehicles.

The starting price of Hyundai’s most affordable electric vehicle has risen by $1000 to $49,970 plus on-road costs for the Hyundai Ioniq Electric Elite.

The better-equipped Hyundai Ioniq Electric Premium has also gone up by $1000 to $54,010 plus on-road costs.

The Ioniq price rises coincide with the recent $1000 increase on the MG ZS EV – Australia’s cheapest electric car – to $44,990 drive-away.

Hyundai has also increased the price of the plug-in hybrid version of the Ioniq Premium by $1000 to $47,950 plus on-road costs.

The regular hybrid version of the Hyundai Ioniq Premium has also risen by $1000 to $41,390 plus on-road costs.

Although the Hyundai Australia website still lists the entry-level versions of the Ioniq Hybrid and Plug-In Hybrid as being available, those two models have been removed from industry price lists.

A spokesperson for Hyundai Australia told CarAdvice the price changes on the Ioniq range were planned before the NSW and Victorian Governments announced rebates on electric vehicles.

The Victorian Government introduced a $3000 rebate for electric car buyers in May 2021.

In NSW, buyers of electric cars will receive a $3000 rebate and stamp duty waiver from September 2021.

Within the Hyundai range, the electric-car price rises are unique to the Ioniq model series.

Hyundai’s other electric car, the Kona Electric, has not gone up in price – even though it falls within the cost threshold of the NSW and Victorian rebate programs.

The $3000 cashback offers by the NSW and Victorian governments apply to electric vehicles priced below $68,750.

2021 Hyundai Ioniq Australian pricing

  • Ioniq Hybrid Premium – $41,390 (up $1000)
  • Ioniq Plug-in Hybrid Premium – $47,950 (up $1000)
  • Ioniq Electric Elite – $49,970 (up $1000)
  • Ioniq Electric Premium – $54,010 (up $1000)

Note: All prices listed above exclude on-road costs.