2017 Hyundai Ioniq Electric Lease and MSRP Details Announced

Discussion in 'In the News' started by xcel, Apr 21, 2017.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    [​IMG] Great up front pricing compared to competitors, a steal with the giveaways, and a very unique and affordable lease plan.

    [​IMG]Wayne Gerdes – CleanMPG – April 20, 2017

    2017 Hyundai Ioniq BEV – $30,335 to start incl. the $835 D&H fee while providing owners 125 miles of all-electric range (AER).

    Following our first drives of the Ioniq HEV and BEV, Hyundai’s IONIQ HEV, PHEV and BEV Preview and 2017 Hyundai Ioniq HEV Available Now, BEV in April, PHEV This Fall, the threesome offer the familiar air cheating hatch profile with a Cd of just 0.24. The passive aerodynamic air curtains for the front wheels is also worth mentioning again. Unique to the Ioniq Electric is the grille that is less open as the three-stage active air flap from the HEV/PHEV is not needed. It has a sleek, closed front fascia with shinier gloss black face vs its siblings.

    The Electric can be equipped with HID headlamps with Dynamic Bending Light (DBL). LED tail lamps with a unique pattern and unique 16” alloys are standard.

    2017 Hyundai Ioniq Volume Competitive Comparison


    Moving inside, the only real difference between the HEV/PHEV and the Electric was the Qi charger was upright just in front of the center console vs. flat and below the center display of the HEV/PHEV Limited trims. All include a very easy to view hi-res 7” instrument cluster, Android Auto, Apple CarPlay and the very latest Blue Link connectivity solutions. The Electrics passenger volume is exactly the same as the HEV and PHEV models at 96.2 cu. ft. The cargo volume is listed at 23.8 cu. ft. for it and the PHEV vs. the HEVs 26.5 cu .ft. spec.

    2017 Hyundai Ioniq Electric center console layout


    The Electric also provides a bit more hip room vs the HEV and PHEV thanks to the shift-by-wire push-button drive selector vs the shifter.

    Underpinning the Electric is a torsion-beam rear axle vs. the independent rear end on the HEV and PHEV variants.

    2017 Hyundai Ioniq Electric Drivetrain

    The Ioniq Electric’s Permanent Magnet Synchronous motor is rated 118 hp and 218 lb.-ft. of torque and mated to a single-speed reduction-gear transmission. The power storage comes from a 28 kWh Li-Ion polymer battery for an EPA AER of 124 miles and an EPA-estimated 136 MPGe efficiency rating.

    The Ioniq Electric arrives with a standard Level3 DC fast-charging capability. Charging the Ioniq Electric from flat to 80 percent only takes 23 minutes using a SAE Combo Level-3 DC, 100 kW fast charger. An integrated In-Cable Control Box (ICCB) also allows drivers to charge their Ioniq using a standard household electric socket.

    Under the hood of the Ioniq Electric​

    The HEV and PHEV are equipped with smaller but still potent 43 hp/125 lb-ft of torque and 60 hp/125 lb-ft. of torque electric motors mated to a fast shifting 6-speed DCT respectively. The HEV and PHEV s traction batteries are also rated at a much smaller but expected given their design 1.56 kWh and 8.9 kWh useable capacity.

    The Ioniq Electric also includes a 12V battery whereas the HEV and PHEV do not. I never received a solid answer for that one.

    On the safety front, the Ioniq Electric Limited with the Tech pkg. includes Automatic Emergency Braking with Pedestrian Detection, Lane Departure Warning, Blind Spot Detection and Rear Cross-Traffic Alert.


    2017 Hyundai Ioniq Electric Pricing

    Hyundai released full pricing detail and introduced a new and dare I say ground-breaking lease plan called the “Ioniq Unlimited+” EV program for California residents.

    To purchase outright, the breakdown looks like this.

    2017 Hyundai Ioniq Electric
    • Base trim - $29,500
    • Limited trim - $32,500
    • Limited trim with the Ultimate pkg. - $36,000
    None of the above include the $835 D&H charge.

    2017 Hyundai Ioniq Electric Trim breakout


    Unique to the industry is the Ioniq Electric lease program called the “Ioniq Unlimited+”.

    The “Ioniq Unlimited+” allows Californian’s to select one fixed payment for a 36-month term with the following side benefits.

    "Ioniq Unlimited+" Subscription Lease Pricing
    • Base trim- $275 + tax
    • Limited trim - $305 + tax
    • Limited with Ultimate Package - $365 + tax
    The monthly payment includes the following:
    • $0 initiation fee after rebate
    • Hassle-free transaction
    • Initial tax, title, license and fees (except California sales tax)
    • Unlimited mileage (no mileage penalties)
    • Electric charging reimbursement
    • Scheduled maintenance
    • Vehicle wear items
    All-in, the Ioniq Unlimited+ provides zero upfront costs after rebate, where the customers’ initial $2,500 down payment is offset by the California electric vehicle rebate. This initiation fee includes the first monthly payment. The remaining monthly subscription payment is based simply on the Ioniq Electric model chosen.

    The program is also setup to remove the much derided car buying experience from the equation. Customers can select the exact Ioniq Electric they want from whatever Hyundai dealer has that trim and color, preview the all-inclusive monthly payment online, complete the credit app online. Once approved, they go to the dealer and pick up their car with a few more signatures and vehicle walk around after the sale/lease.

    The Ioniq Electric is also eligible for an HOV-sticker.

    The program also includes reimbursement for electricity used by the owner, based on the number of miles driven, up to the first 50,000 miles! Hyundai did not post the rate at which the customer will be reimbursed for charging but anything is better than nothing.

    The electricity credit will be applied directly to the owners’ subsequent monthly payment, for immediate monetary benefit to the customer. Even more, all service, maintenance and wear items on the Ioniq Electric are also included during the first 50,000 miles, further enhancing the worry-free experience.

    Ioniq Electric Availability

    The 2017 Ioniq Electric Vehicle will be initially available to Los Angeles/Orange/Riverside county residents only, expanding to Northern California and San Diego later this year. The Ioniq Unlimited+ subscription program is only available to California residents.

    Hyundai’s Lifetime Battery Warranty and America’s Best Warranty for the entire Ioniq powertrain to the original purchaser is also part of the package. Nobody offers this other than Hyundai.

    2017 Hyundai Ioniq Electric

    Nice looks, decent range, great efficiency, and even better pricing.​

    Are you ready for an Ioniq Electric today?
    BillLin likes this.
  2. Jay

    Jay Well-Known Member

    Weird that the BEV has the 12-V pb-acid battery where the US hybrid does not. The li-ion poly 12v for the HEVs must have been a weight-saving measure to slide under some EPA bar for fuel economy calculations? Also weird is LED headlights for the LTD trim but the more expensive Ultimate trim has HIDs.
    xcel likes this.
  3. Trollbait

    Trollbait Well-Known Member

    The 12v battery could also be a simple cost cutting measure to hit under $30k.
    Or Hyundai wanted to use all the available space in the rear for the battery for range, and a 12v under the hood was the KISS solution for start up.
    Jay, xcel and BillLin like this.
  4. BillLin

    BillLin MASS: 2018 Bolt EV and 2017 Prime

    I like both thoughts... lower cost and simpler.
    xcel likes this.
  5. Carcus

    Carcus Well-Known Member

    "Total estimated monthly savings are based on California’s average weekly gas price of $3.055 per gallon during the week of March 27, 2017 and California's average cost of electricity per kilowatthour to Ultimate Customers by End-Use Sector at 18.44 cents, as reported by the EIA as January 2017. Actual values of savings and reimbursements may vary."


    So, .. $2,500 down (which the California rebate covers) and $275/mo (for the base) and "Free" fuel. The lease looks like a pretty decent deal to me. Californians would get to drive this car for roughly the cost of depreciation for 3 years. -- and no long-term battery worries.

    Last edited: Apr 23, 2017
    xcel and BillLin like this.
  6. Kinder

    Kinder Well-Known Member

    Looks like a great car and interesting lease program. I just learned my small co-op utility lets you put in a second meter for EV charging between 11pm and 6am at 5.4 cents/kwh, you also need a dedicated level two charger of your choice. That could mean $200/year in fuel for my commuting needs. Will the Ioniq BEV be available for order outside of CA? I am in rural MN.
    all_about_the_glide, xcel and BillLin like this.
  7. Trollbait

    Trollbait Well-Known Member

    It will likely be shipped to California and other CARB states first, but Hyundai isn't talking limit to select states. So it should be available nationwide. You'll likely just have to wait for it in some areas.
    xcel likes this.

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