3 ms·

Not really in the market for one, but in the US the 2019 Hyundai Ioniq (range of ~120 mi, so not ideal if you don't have a charger at home) is $99/mo with $1000

Not really in the market for one, but in the US the 2019 Hyundai Ioniq (range of ~120 mi, so not ideal if you don't have a charger at home) is $99/mo with $1000 down for a 3 year lease, which is dirt cheap. I'm guessing after three years the battery will still be valuable, so they can be aggressively pricing it this way. I think if Tesla had better leasing, you'd see way more of them

gambiting 6y ago
I have no idea how the price is so low in the US then, that's insane. We looked at the Ioniq for my wife last year and it was something like £3000 upfront and then £400 a month for 4 years - it's just a lot of money. For comparison, you could have a brand new VW Polo for £1000 upfront and £200 a month - and there's absolutely no way she could use £200 worth of fuel every month, even if petrol doubled in price.
- coredog64 6y ago
  California has this concept of a “compliance car”. There’s a legal requirement to sell X electric cars, so the manufacturers practically give away small, cheap cars to enable their IC business. Fiat-Chrysler did it with the 500e, and back in the day the big 3 did it with subsidized Cavaliers and Escorts.
  - ChuckNorris89 6y ago
    We need something like this in Europe but fat chance when the regulators are bought and paid by the auto industry which still prefers ICE cars.
    - gambiting 6y ago
      What are you talking about? EU is tightening the screw on manufacturers so hard that they are literally panicking right now, as there is literally no way they can meet the regulations as is. Currently there is a requirement that fleet averages have to be below 100g/km for CO2, soon that falls down to 75g/km and then 50g/km - with every car sold above that threshold incurring heavy penalties. We're seeing literally every manufacturer rapidly moving towards hybrids and pure EVs, because there is no way to meet those targets otherwise - VW has completely axed all ICE versions of the Up(and their Skoda and Seat equivalents) going full electric, just to bring their averages down. Even Fiat, whose market was always low-end, cheapest of the cheap vehicles, axed ICE Fiat 500, and has gone full electric. Panda(!!!) is now a hybrid! Even Dacia, which is literally bottom-bin of cars, is introducing a hybrid and potentially a full EV soon. All of this is only happening because of the pressure from EU regulators.
      - xyzzyz 6y ago
        Currently there is a requirement that fleet averages have to be below 100g/km for CO2, soon that falls down to 75g/km and then 50g/km. To see how these norms are effectively impossible to meet with ICEs, note that these translate to fuel efficiency of 4, 3, and 2 liters/100 km, or for American folks, 58, 78, and 117 mpg respectively.
      - vvillena 6y ago
        Unfortunately, heavy cars are allowed higher limits, and that's part of the reason the automakers are pushing heavier cars like hybrid crossover SUVs.
- laurencerowe 6y ago
  The advertised US price likely includes the $7500 federal electric car incentive (which goes to the leasing company) and may even include the $2000 California rebate (subject to income eligibility limits.) Sales tax (VAT) is also excluded from advertised prices in the US.

gambiting 6y ago

I have no idea how the price is so low in the US then, that's insane. We looked at the Ioniq for my wife last year and it was something like £3000 upfront and then £400 a month for 4 years - it's just a lot of money. For comparison, you could have a brand new VW Polo for £1000 upfront and £200 a month - and there's absolutely no way she could use £200 worth of fuel every month, even if petrol doubled in price.

coredog64 6y ago
California has this concept of a “compliance car”. There’s a legal requirement to sell X electric cars, so the manufacturers practically give away small, cheap cars to enable their IC business. Fiat-Chrysler did it with the 500e, and back in the day the big 3 did it with subsidized Cavaliers and Escorts.
- ChuckNorris89 6y ago
  We need something like this in Europe but fat chance when the regulators are bought and paid by the auto industry which still prefers ICE cars.
  - gambiting 6y ago
    What are you talking about? EU is tightening the screw on manufacturers so hard that they are literally panicking right now, as there is literally no way they can meet the regulations as is. Currently there is a requirement that fleet averages have to be below 100g/km for CO2, soon that falls down to 75g/km and then 50g/km - with every car sold above that threshold incurring heavy penalties. We're seeing literally every manufacturer rapidly moving towards hybrids and pure EVs, because there is no way to meet those targets otherwise - VW has completely axed all ICE versions of the Up(and their Skoda and Seat equivalents) going full electric, just to bring their averages down. Even Fiat, whose market was always low-end, cheapest of the cheap vehicles, axed ICE Fiat 500, and has gone full electric. Panda(!!!) is now a hybrid! Even Dacia, which is literally bottom-bin of cars, is introducing a hybrid and potentially a full EV soon. All of this is only happening because of the pressure from EU regulators.
    - xyzzyz 6y ago
      Currently there is a requirement that fleet averages have to be below 100g/km for CO2, soon that falls down to 75g/km and then 50g/km. To see how these norms are effectively impossible to meet with ICEs, note that these translate to fuel efficiency of 4, 3, and 2 liters/100 km, or for American folks, 58, 78, and 117 mpg respectively.
    - vvillena 6y ago
      Unfortunately, heavy cars are allowed higher limits, and that's part of the reason the automakers are pushing heavier cars like hybrid crossover SUVs.
laurencerowe 6y ago
The advertised US price likely includes the $7500 federal electric car incentive (which goes to the leasing company) and may even include the $2000 California rebate (subject to income eligibility limits.) Sales tax (VAT) is also excluded from advertised prices in the US.