Hyundai Kona EV Price Reduced to Meet Incentive Rules

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2019 Hyundai Kona EV
2019 Hyundai KONA EV | Photo: Olivier Delorme

The Hyundai Kona EV had a major pricing problem that’s now solved.

Starting at $45,595, the Hyundai Kona EV was 595 $ over the government of Canada’s $45,000 limit for a recently announced $5,000 incentive on electric vehicles starting May 1.

With the new Kia Niro EV starting at $44,995, Hyundai had to do something. No way people were going to forgo a $5,000 rebate just for the Kona EV’s extra range (415 kilometers versus 383 kilometers for the Kia Niro EV).

The problem has been solved. The 2019 Hyundai Kona EV will now start at $44,999 and therefore gets a $5,000 price reduction. This rebate combines with the $8,000 available in the province of Quebec, and the $5,000 available in British Columbia.

2019 Hyundai Kona Electric
2019 Hyundai Kona Electric | Photo: Hyundai
2019 Hyundai Kona EV
2019 Hyundai Kona Electric | Photo: Hyundai
2019 Hyundai Kona EV
2019 Hyundai Kona Electric | Photo: Hyundai

In other words, you can get either a Kia Niro EV or a Hyundai Kona EV for between $33,000 and $35,000 roughly in those two provinces, and under $40,000 elsewhere in Canada.

The Chevrolet Bolt, Nissan LEAF, Hyundai IONIQ EV and 2020 Kia Soul EV are among the other fully electric vehicles eligible for the rebate. The Tesla Model 3, however, is not. That’s especially true since Tesla made its most affordable Model 3 harder to get.

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