It is now possible to acquire a 2023 Hyundai Ioniq 6 at a price that is lower than that of a Tesla Model 3, many thanks to increased incentives.

According to the information provided by CarsDirect, Hyundai just recently raised the maximum amount of the rebates it offers on the Ioniq 6 from $3,750 to $5,000 for the SE and SEL trim levels. When compared to the rebate for reduced trim levels, the rebate for the highest Confined trim level is in the form of a dealer cash incentive, which dealers can simply pocket as profit. The rebate for lower trim levels is in the form of a manufacturer cash incentive.

2023 Hyundai Ioniq 6

The Ioniq 6 now has a starting price of $37,715 after the application of the rebate in the amount of $5,000. Currently, the Tesla Model 3 may be purchased for a beginning price of $41,630. Despite this, the range of the foundation Design 3 is rated as 272 miles, whilst the range of the foundation Ioniq 6 SE is 240 miles. The Ioniq 6 SE Lengthy Assortment outperforms all of the most recent iterations of Product 3 thanks to its larger battery pack and 361-mile range, both of which are class-leading figures.

During our initial test drive, we discovered that the Ioniq 6 manages to differentiate itself not just from the Design 3 and the Polestar 2, but also from the entire group of EV crossovers. This also includes its sibling, the Hyundai Ioniq 5, which is a hatchback and has a very distinctive appearance in contrast to the Ioniq 6 sedan.

2023 Hyundai Ioniq 6

While Hyundai has worked hard to undercut Tesla with lease prices on the Ioniq 5 and Ioniq 6, the Ioniq 5 did experience a price increase for 2023. According to CarsDirect, this month also brings a refund of $5,000 for the Ioniq 5, lowering the vehicle’s starting price down to $37,785 from its previous level. And Hyundai is one of the automakers offering a $7,500 lease incentive for electric vehicles, taking use of a tax-credit rating loophole to provide an alternative to motor vehicles that do not qualify for a federal tax credit rating. This allows Hyundai to provide a substitute for vehicles that are not eligible for a federal tax credit rating.

Leasing is not the only alternative available to both parties. Before the start of this year, Hyundai presented updated subscription plans, with prices beginning at $699 per month for the cheapest package.