Should you buy a Hyundai Ioniq Electric?
On cost and range grounds alone, the answer is no. The Hyundai Ioniq is a well resolved product, dripping with quality and clever tech. It's easy to use and comes with a better than average five-year/unlimited mileage warranty.
But its cost and relatively poor range make it hard to recommend. Models start at £32,950 and work up to £34,950, excluding a £3,500 Government grant. Monthly costs for the most expensive Premium model (on a 36 month PCP deal with 10,000 miles per annum and a £4,000 deposit) come in at £404.03. The smaller Renault Zoe with a similar range, comes in at around £268 per month, inclusive of battery hire rental fee of £69 per month.
Whereas on a nearly identical finance deal, a Tesla Model 3 works out at £490 per month. A good chunk of change more, but its range is considerably up - at 254 miles between the plugs.
While the Ioniq is reasonable enough in isolation, but it's a tough sell all-round because there are enough EV competitors (not least the brilliant Kona Electric) out there that are cheaper to buy or finance, and also have much longer ranges. The pace of change in the EV market is astonishing right now, and the fact this car is so uncompetitive proves that most succinctly.