Hyundai's €20,000 urban electric car will arrive before the end of the decade. The model will replace the Hyundai i10 compact hatchback.
Hyundai plans to launch a compact electric car for the city. The new model will cost about 20 thousand euros in the basic version. The information was confirmed by Hyundai European Marketing Director Andreas-Christoph Hoffmann to Automotive News Europe.
It is the European market that Hyundai's low-cost electric car will be aimed at. The compact model will replace the Hyundai i10 hatchback and become the brand's cheapest electric car. Its main competitors will be the Cupra UrbanRebel crossover and other low-cost electric vehicles of the Volkswagen concern. 20-000-evro-hyundai-vypustjat-nedorogoj-elektrokar-dlja-evropy-ec70523.jpg” alt=”Compact dimensions and a price of 20,000 euros: Hyundai will release an inexpensive electric car for Europe” />
New will appear before 2030 – as part of Hyundai's strategy, 11 electric models should be shown at once by the end of the decade. However, it is still not worth waiting for an inexpensive electric car in the next couple of years.
The fact is that at the moment the emphasis is on more expensive Hyundai electric cars. The Hyundai Ioniq 5 crossover is already on sale and the Ioniq 6 sedan is presented, and the seven-seater Ioniq 7 will soon appear. Such electric cars are more profitable and allow you to earn money to create affordable models, which traditionally have much lower margins.