Revolutionary SUV's price revealed: This is how much the 2026 Hyundai Nexo costs overseas, but will this EV alternative with up to 720km of driving range be sold to Australians?

Hyundai has revealed pricing and specifications for its upcoming second-generation Nexo hydrogen car for its South Korean home market.

With a starting price of $85,120 (translated directly from Won to AUD), the hydrogen fuel cell-powered SUV’s price-tag may come as a surprise, given how niche this technology is, however this price-tag is is about $4500 lower than its true retail cost, thanks to various subsidies available in South Korea.

Read More About Hyundai Nexo

• This is really what it looks like! 2026 Hyundai Nexo locked-in for Australia with next-generation hydrogen system focusing on better-than-electric driving range and towing capability
• Hydrogen car for the everyday Australian? 2025 Hyundai Nexo could be 800km driving range game-changer with spy shots and digital renders hinting at family SUV with towing and off-road capability
• Hybrid or hydrogen for future 4WDs and utes? Ineos weighs in on low-emissions future in the off-road space for its Toyota LandCruiser 70 Series rivalling Grenadier

In addition, the Hydrogen fuel cell can be refilled in around the same time as a petrol car from a high-pressure pump similar to ones used to refill LPG vehicles.

In addition, the second-generation Nexo has more power but less torque than its predecessor, with its more efficient front-mounted motor producing 150kW/350Nm (tweaked from 120kW/395Nm).

For the Korean market, the Nexo is available in three trim levels, the base Exclusive, mid-spec Exclusive Special and top-spec Prestige.

Like other recent Hyundai models, it features radically futuristic, boxy styling and a more premium edge to its interior design which makes the most of a combustion-free platform.

It also features the brand’s latest software, with app support, over-the-air-updates and even an 'AI voice assistant'.

The grade walk is also similar to newer Hyundai vehicles like the Santa Fe, with the base car coming with almost all of the safety and multimedia features available, with the mid-grade car featuring a power tailgate, sports pedals, front seat ventilation and rear seat heating, and a fingerprint authentication security system, while the top-spec Prestige features a 360-degree camera view, a head-up display, blind spot camera system, reverse guiding lamps, retracting flush doorhandles and ventilation for the second row seats.

The $85,120 starting price (after benefits) translated from the Korean market is only a few thousand dollars more than the price we calculated for the previous version when it arrived in Australia (the equivalent of $83,645).

The first-generation Nexo has been in Australia since 2021, although it has never been sold to consumers as it has in South Korea. Instead, Hyundai Australia holds a handful of models and leases them out to fleets on a ‘special interest’ basis. The ACT government runs a fleet of at least 20 vehicles which use the only publicly-available hydrogen refuelling station for light vehicles in Australia located in Canberra.

When the second-generation Nexo was revealed, a Hyundai Australia spokesperson confirmed it was locked in for an Australian arrival in the first half of 2026, describing the limited trial of the first-generation car as “successful".

The brand says it will continue to support hydrogen tech for the Australian market, although it will continue to do so on a “community basis” based around currently-limited infrastructure.

The company has said on a global scale Australia is well positioned to become a “hydrogen superpower” thanks to the abundance of renewable energy potential from solar and wind in particular.

Hyundai is not the only company invested in hydrogen as a fuel for vehicles into the future.

BMW, GWM and Toyota have significant research and development programs focused on hydrogen - as a fuel cell power generator or in liquid form for combustion applications.