MAJOR AUTOMAKER OVERSEAS LAUNCHES ITS MOST AFFORDABLE EV YET (Jeremiah Budin, January 30, 2024, The Cool Down)

According to reporting from Electrek, the IONIQ 2 is intended to rival Volkswagen’s upcoming ID 2all, which is expected to start at around $27,000.

Although no official price has been announced, the IONIQ 2 may be even less expensive than that, as Hyundai Europe’s VP of marketing, Andreas-Christoph Hofmann, told Automotive News, “Everybody in the industry knows the target of this kind of vehicle is 20,000 euros [around $21,700].”

Hyundai’s EVs have gotten consistently rave reviews, especially relative to their price points. The IONIQ 5 recently became the first fully electric vehicle to win MotorTrend’s SUV of the Year, and the IONIQ 6 topped the list of the most efficient cars available in the United States alongside the Lucid Air.