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Hyundai boosts range and drops price to entice EV buyers

Hyundai has taken another step in the battle to win the hearts and minds of potential EV owners with a reshuffled offering of their award winning IONIQ-6 offering more range and lower prices.

In 2024 the entry level IONIQ 6, which was the 2023 Car of the Year, will begin with a standard battery model that has a floor price of $65,550 and a new range of 429km.

The 77.4kWh Extended Range model which comes in at $71,500 has a range of 614km with the 18inch wheel variant.

There is also a mid-range Dynamiq beginning from $77,500 and above this the luxury Epiq range where the longer range battery comes as standard and there are multiple options including, rear wheel or all wheel drive.

The latest release will add almost 50km of range to the standard entry level vehicle in 2024 compared to the Inoq 5 promoted this year.

The power efficiency is gained from features including a heat pump, battery heating system and battery conditioning functionality that are now standard in the range.

The lower prices also mean the model will improve eligibility to the various government subsidies and stamp duty exemptions available in selected states and territories across Australia.

“The revised and upgraded line-up for 2024 IONIQ 6 enhances the accessibility and value of our reigning World Car of the Year, while bringing our vision for clean mobility ever closer,” Hyundai Motor Company Australia Chief Executive Officer, Ted Lee says.

 

The Hyundai Motor Company strategy ‘Hyundai Motor Way’ is aimed at raising its global sales of EV’s to 2 million vehicles per year by 2030.

It will spend $10 billion per year globally in a bid to be a global mobility leader in the brave new world of transportation and meet the 34 per cent demand of all cars expected by 2030.

In Australia, almost one in five new cars sold is now either fully electric or hybrid, with Tesla still the most popular model.

The overall figure, 5.7 per cent of news sales are full BEVs in October, remain a fraction of the vehicles sold but the numbers are increasing.

A plethora of new electric models from traditional manufacturers has joined the race to make more affordable EV’s and has seen a major change to the market.

While FCAI data indicates the purchase price retains a $11,000 gap between EVs and traditional ICE vehicles, RACV affordability figures show overall running costs are decreasing.

As petrol hovers around $2 per litre, the RACV has cited figures as low as $85 per month for recharging some popular EV models.

Other changes to the new Ioniq6’s sustainability features include the standard battery conditioning system that heats the battery for improved DC charging and driving performance. Battery conditioning can also pre-heat the battery in preparation for fast charging when a DC charger is set as a destination in the navigation.

A high-efficiency heat pump system powers the cabin heating, taking the place of a conventional electric heater. The heat pump utilises waste heat energy from other systems, as well as energy from the atmosphere, to warm the cabin in an advanced reverse cycle air-conditioning system. Energy saved by utilising the heat pump also serves to extend driving range.

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