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Hyundai IONIQ Priced Lower than Prius, Volt and Bolt EV

Competitive pricing likely to cause market reaction By ,

You probably know at least a little bit by now about the new 2017 Hyundai IONIQ sedan, the world’s first car to offer hybrid, plug-in hybrid and 100% electric versions all on one single platform. If not, check out our review published at the beginning of March.

The big remaining question mark for consumers was the price. Now Hyundai Canada has announced the MSRP for the different trims and versions of the IONIQ, and it should shake up the market.

Available at all Hyundai dealerships across the country, the Hyundai IONIQ hybrid will start at $24,299. In this version, the 139 hp generated by its 1.6L, 4-cylinder gas engine and its 32 kW electric motor will be managed by a 6-speed dual-clutch transmission. Average fuel use checks in at 4.1L/100 km. In comparison, the 2017 Toyota Prius costs $27,190 and uses 4.5L/100 km on average.

For its part, the all-electric Hyundai IONIQ will sell starting at $35,649, but consumers will only be able to acquire it at dealerships equipped with charging stations, and only in provinces offering purchase incentives, such as Quebec, Ontario and British Columbia (a full list is available for consultation on the Hyundai Canada website). The price point is a little higher than that of the Nissan LEAF ($33,998), but significantly less than that what the Chevrolet Bolt EV ($42,795) is going for. Its 118-hp electric motor is fed by a lithium-ion polymer battery with a capacity of 28 kWh and a full-charge range of 200 km. Combined-driving consumption rating for the 100% electric IONIQ is 1.7Le/100 km.

Pricing for 2017 Hyundai IONIQ:

TrimIONIQ HybridIONIQ Electric
   Blue$24,299--
   SE$26,499$35,649
   SE (Cold Climate Package)--$36,849
   Limited$29,749$41,849
   Limited Tech$31,749--

As for the plug-in hybrid version of the Hyundai IONIQ, pricing for that edition will be announced nearer to its launch date, which is expected towards the end of 2017. We’ll be updating you as more news comes down!