Brand slashes EV prices by up to $34,000!

Hyundai Australia has reached into the depths of its financial pockets to reduce the price of selected models across its portfolio of pure-electric models by between seven and 38 per cent.

In place for the fourth quarter of this year, the new drive-away prices apply nationally to specific versions of the Kona Electric small SUV, Ioniq 5 medium SUV, Inster city hatch and Ioniq 6 sedan.

The catalyst for the clean out is shifting cars currently on the ground in Australia, including stocks of 2023 model year examples of certain models, while new orders are also included on others.

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A single Kona Electric model, the Standard Range, has been reduced by 15 per cent, the Ioniq 5 Standard Range is down 13 per cent and three versions of the Inster light hatch have been discounted by between seven and eight per cent.

For all of the above, offers apply to existing stock or new orders delivered before December 31, 2025 with no restriction on model year.

But the jaw-dropping repositioning is reserved for 2023 model year examples of the Ioniq 6 sedan, reduced by between 35 and a whopping 38 per cent. Specifically, 115 cars celebrating their second birthday in stock in Australia.

The entry-level Ioniq 6 Dynamic is a single-motor, rear-wheel drive sedan with 168kW/350Nm, a 77.4kWh lithium-ion battery and a 614km WLTP range. The MY23 version's price has been reduced by more than $27,000 to $49,990, drive-away.

The mid-grade Techniq is a dual-motor, all-wheel drive which ups power to 239kW/605Nm while range from the same 77.4kWh battery is limited to 519km. The ask here is $54,990, drive-away, which is a 38 per cent reduction on the standard D/A price.

Then the flagship Epiq adds a higher standard specification to the dual-motor powertrain with no less than $34K lopped off the D/A pricing for a MY23 example. 

Asked whether the reductions may continue into the new year a Hyundai Australia spokesperson told CarsGuide there are “no plans to continue into 2026 at this stage”.

2025 Hyundai EV Q4 price Australia:

MODEL	Current D/A pricing	Q4 2025 D/A pricing	Percentage change	Reduction*
Kona Electric (Standard Range)	$59,179.02	$49,990	-15.5	-$9,189.02
Ioniq 5 (Standard Range)	$75,769.02	$65,990	-13.0	-$9,779.02
Inster (Standard Range)	$43,310.02	$39,990	-8.0	-$3,320.02
Inster (Extended Range)	$46,915.02	$42,990	-8.0	-$3,925.02
Inster Cross	$49,530.02	$45,990	-7.0	-$3,540.02
Ioniq 6 Dynamic (23MY)	$77,554.02	$49,990	-35	-$27,564.02
Ioniq 6 Techniq (23MY)	$88,579.02	$54,990	-38	-$33,589.02
Ioniq 6 Epiq (23MY)	$94,132.02	$59,990	-36	-$34,142.02
* Based on NSW registration