2024 Hyundai Kona Electric Gets Price Cut, Now Starts at $34,010

• The 2024 Hyundai Kona Electrical begins at $34,010. That is $875 lower than the outgoing era.
• The brand new Kona EV’s different two trims are additionally barely cheaper, with the SEL and Restricted beginning at $38,010 and $42,380, respectively.
• For the reason that ’24 Kona Electrical is not at present constructed within the U.S., it would not qualify for the $7500 federal EV tax credit score.

Not solely has the 2024 Hyundai Kona Electrical turn out to be greater in and out in addition to added higher options, however its base value additionally prices about $900 lower than the outgoing era. In a day and age when new automobiles are persistently turning into costlier 12 months over 12 months, it is good to see a brand new automobile that really prices much less.

New Kona EV Costs

Redesigned for 2024, the Kona Electrical’s entry-level SE trim begins at $34,010. That is $875 lower than its 2023 predecessor, which began at $34,885. The brand new era continues to supply the mid-tier SEL and top-spec Restricted. These begin at $38,010 and $42,380, respectively. The previous determine is $625 lower than earlier than, and the latter constitutes a $505 low cost.

Hyundai’s determination to decrease relatively than increase costs of the brand new Kona Electrical is not a typical follow. Nonetheless, it may need one thing to do with offsetting the truth that the subcompact SUV is not at present eligible for the $7500 federal tax credit score. Since it isn’t constructed within the U.S., it would not qualify underneath the foundations of the Inflation Discount Act.

We reached out to a Hyundai spokesperson to see if the worth drop is a byproduct of that state of affairs, however we have but to listen to again. In the meantime, people taken with leasing a Kona Electrical ought to be capable of get the credit score.

Each 2024 Hyundai Kona Electrical incorporates a single front-mounted electrical motor. The bottom SE has 133 horsepower and a 48.6-kWh battery pack, whereas the SEL and Restricted pack 201 ponies and a bigger 64.8-kWh battery that the EPA estimates will present as much as 261 miles of vary. Hyundai claims a DC fast-charge connection will take both battery from 10 to 80 p.c in about 43 minutes.

Senior Editor

Eric Stafford’s vehicle dependancy started earlier than he might stroll, and it has fueled his ardour to put in writing information, critiques, and extra for Automotive and Driver since 2016. His aspiration rising up was to turn out to be a millionaire with a Jay Leno–like automobile assortment. Apparently, getting wealthy is more durable than social-media influencers make it appear, so he prevented monetary success fully to turn out to be an automotive journalist and drive new automobiles for a dwelling. After incomes a journalism diploma at Central Michigan College and dealing at a every day newspaper, the years of principally burning cash on failed challenge automobiles and lemon-flavored jalopies lastly paid off when Automotive and Driver employed him. His storage at present features a 2010 Acura RDX, a handbook ’97 Chevy Camaro Z/28, and a ’90 Honda CRX Si.