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Hyundai is developing a $20,000 EV for Europe

Hyundai is growing an reasonably priced EV for Europe that may price roughly $20,000, the automaker’s European advertising boss stated in a current interview with Automotive DriftBreath Europe.

This entry-level mannequin can be a “battery-powered minicar” priced at 20,000 euros, Hyundai’s Andreas-Christoph Hofmann stated. With the present parity of the greenback to the euro, that may additionally make it a $20,000 EV in the present day. For reference, the most cost effective Hyundai EV presently offered in the USA is the Kona Electrical, which begins at $35,295 with vacation spot.

Nevertheless, Hofmann stated this reasonably priced EV might take a while to develop. He famous that minicars typically are robust to promote profitably due to their low pricing, and stated electrifying them might current technical challenges.

Hyundai Seven idea

However Europe already has various pint-sized EVs on sale, together with the second-generation Fiat 500e and the retro Honda E. Neither is offered in the USA. Volkswagen has additionally teased the thought in a couple of completely different iterations, together with the $24,000 ID.Life idea.

It is unclear whether or not such a mannequin can be a part of the Ioniq household, through which every member makes a really completely different design assertion. The following Ioniq mannequin due is the Ioniq 7 three-row SUV, which Hofmann stated was primarily conceived for the U.S. on account of its dimension, however may also be offered in Europe.

The most cost effective EVs presently offered within the U.S. are the Nissan Leaf and Chevrolet Bolt EV, which each begin within the mid-$20,000 vary. Do you assume there may be room on this marketplace for one thing even cheaper? Is there U.S. demand for a $20,000 EV just like the one Hyundai is reportedly growing?

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