2024 Hyundai Kona Electric Gets Price Cut, Now Starts at $34,010
The 2024 Hyundai Kona Electric starts at $34,010. That's $875 less than the outgoing generation.
The new Kona EV's other two trims are also slightly cheaper, with the SEL and Limited starting at $38,010 and $42,380, respectively.
Since the '24 Kona Electric isn't currently built in the U.S., it doesn't qualify for the $7500 federal EV tax credit.
Not only has the 2024 Hyundai Kona Electric become bigger inside and out as well as added better features, but its base price also costs about $900 less than the outgoing generation. In a day and age when new cars are consistently becoming more expensive year over year, it's nice to see a new car that actually costs less.
New Kona EV Prices
Redesigned for 2024, the Kona Electric's entry-level SE trim starts at $34,010. That's $875 less than its 2023 predecessor, which started at $34,885. The new generation continues to offer the mid-tier SEL and top-spec Limited. Those start at $38,010 and $42,380, respectively. The former figure is $625 less than before, and the latter constitutes a $505 discount.
Hyundai's decision to lower rather than raise prices of the new Kona Electric isn't a common practice. However, it might have something to do with offsetting the fact that the subcompact SUV isn't currently eligible for the $7500 federal tax credit. Since it's not built in the U.S., it doesn't qualify under the rules of the Inflation Reduction Act.
We reached out to a Hyundai spokesperson to see if the price drop is a byproduct of that situation, but we've yet to hear back. Meanwhile, folks interested in leasing a Kona Electric should be able to get the credit.
Every 2024 Hyundai Kona Electric features a single front-mounted electric motor. The base SE has 133 horsepower and a 48.6-kWh battery pack, while the SEL and Limited pack 201 ponies and a larger 64.8-kWh battery that the EPA estimates will provide up to 261 miles of range. Hyundai claims a DC fast-charge connection will take either battery from 10 to 80 percent in about 43 minutes.
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