Hyundai Ioniq EV to Debut in January

That's the thing, I'm guessing Hyundai doesn't need to discount them since it still qualifies for the federal tax credit. I'm willing to pay into the high teens for a vehicle, which is why I was hoping the Hyundai would be offered in the ~$28k range. With a price of $32k, after incentives it would be about $22k. Close to what I'd be willing to spend on a vehicle, but not quite there.

redpoint5 said:

That's the thing, I'm guessing Hyundai doesn't need to discount them since it still qualifies for the federal tax credit. I'm willing to pay into the high teens for a vehicle, which is why I was hoping the Hyundai would be offered in the ~$28k range. With a price of $32k, after incentives it would be about $22k. Close to what I'd be willing to spend on a vehicle, but not quite there.

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Ah, yes. It will be a while before you'll be able to get a new EV in that price range. Perhaps if the Federal Tax Credit were renewed to still apply to GM and Tesla cars, but that's all I can see for the next 3 to 4 years. At least, if you're looking for an EV with the capabilities that I'm assuming you're looking for.

I've said this before, but I really don't think EVs will be mainstream until someone can offer a 300-mile EV for $20,000 to $25,000 before any incentives or rebates. That's probably still another 3 to 5 years out.

At the moment I'm most tempted by the RAV4 Prime, the Ioniq, and the gen II Leaf. ~100 mile real world range is all I require in an EV. The Prime falls well short of that, but would still make most trips, and the extra utility would be useful. The Bolt would still be on my radar if I could somehow get one for the low $20s. I'd probably be willing to spend $17k on a used one.

The most I've spent on a vehicle was $17k. We can certainly afford more, but I like to minimize the outlay on massively depreciating assets.