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Hyundai launching cheaper IONIQ 2 to sit below the IONIQ 5 – Here's what we know so far (electrek.co)

submitted 11 months ago by [email protected] to c/[email protected]

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According to Hyundai Europe’s VP of marketing, Andreas-Christoph Hofmann, the brand is developing a cheaper IONIQ 2 electric car. Hofmann broke the news this summer following rival Volkswagen unveiling its ID 2all concept. The VW ID 2all will start at around €25,000 ($27,000) with up to 450 km (279 mi) range. It’s expected to go into production in 2025.

Hyundai is aiming for a similar price for the upcoming IONIQ 2. Hofmann told Automotive News, “Everybody in the industry knows the target of this kind of vehicle is 20,000 euros.”

The new EV is expected to have at least 250 miles range. It will be a part of Hyundai’s next-gen IMA platform revealed during its 2023 investor day. Hyundai says the IMA “is a significant advancement” over its current (E-GMP) platform that will help reduce costs.

I'd love to see something like this show up in the US, but I'm not going to hold my breath.

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[–] [email protected] 5 points 11 months ago

Looks a lot like the VW ID.2all that has been announced. I wish both would come to the U.S., but the car companies in North America are busy canceling even ICE-powered small cars, so my hopes are not high.