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Tesla Model 3 loses almost $9000 to the 2024 Hyundai Loniq 6

Tesla Model 3 loses almost $9000 to the 2024 Hyundai Loniq 6

According to CarsDirect, the 2024 Hyundai Ioniq 6 could end up being significantly less expensive than the recently upgraded Tesla Model 3 thanks to new incentives.

The current low-interest financing offered by Hyundai cannot be used in conjunction with the $7,500 in “retail bonus cash” detailed in a dealer bulletin for any 2024 Ioniq 6 model, as pointed out by CarsDirect. The Hyundai’s base price was reduced from $38,615 to $31,115 thanks to the discount, though, for customers who prefer to buy instead of lease.

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However, the updated Model 3, which is internally referred to as the Highland, will soon be available in the United States with a starting price of $40,380 (including shipping). Redesigned exterior and interior appearance, additional convenience features, and a supposedly quieter cabin are all part of the updates.

In terms of electric vehicle sales, Hyundai and its sibling company Kia are currently in second place, behind only Tesla. This puts the two Korean manufacturers ahead of more established competitors such as Ford and GM. It would seem that the company’s goal is to maintain a low pricing point. The Ioniq 6 will be $4,100 cheaper in 2024 than in 2023, according to Hyundai. The Model 3 Highland and the Ioniq 6 are ineligible for the $7,500 federal EV tax credit.

Hyundai’s Ioniq 6 Steals the Crown: Beating All Tesla Model 3 Ranges with 361 Miles

A contender for top Car to Buy 2024 on Green Car Reports’ list, the Ioniq 6 ranks high among the top new electric vehicles of the last year. The SE RWD Long Range outperforms all other Model 3 variants with a 361-mile range, even if the base model only manages 240 miles.

In addition, production at Hyundai’s Georgia EV Metaplant will begin in the fall of 2024, one year earlier than the previously planned 2025 date. The carmaker has stated that the plant can produce up to 300,000 electric vehicles per year, so it might be encouraging demand to reach that target.

About Antonia Read

Antonia Read is a seasoned author specializing in the world of startups. With a keen interest in entrepreneurship and innovation, she has become a prominent voice in the field. Antonia's insightful writings offer valuable insights into the challenges and successes of startup ventures. Her expertise and dedication to the subject have earned her a reputation as a go-to resource for aspiring entrepreneurs and business enthusiasts alike.