Hyundai To Launch New Electric Vehicle
Michael Song, Feb. 19, 2016, 7:26 a.m.
Hyundai will in June launch an electric version of the Ioniq, its first fully-dedicated eco-friendly hybrid car, which hit the market here last month. The electric model can travel for up to 169 km on a single charge, the farthest among electric vehicles available here. The record was previously held by Kia's Soul EV, with a range of 148 km.
The new Ioniq will cost around W400 million, a little more than GM's Spark (W39.9 million) but cheaper than Renault Samsung's SM3 EV (W41.9 million) and BMW's i3 (W57.1 million) (US$1=W1,230).
With a government subsidy of W12 million provided for any purchase of an electric vehicle, consumers can technically purchase the car for less than W30 million. As the battery runs down, drivers can keep track of the maximum remaining travel distance. The vehicle also warns the driver if there is no charging station within range. Hyundai aims to sell 4,000 units of the new model this year.