News

Hyundai Cuts Up to $14,500 on Kona Electric, Ioniq 5, Elexio and Inster

By Danny Thai|May 20, 2026
Hyundai Elexio electric SUV front three-quarter view

Key Points

  • Hyundai is offering drive-away pricing on four electric models until the end of May 2026, with savings of up to $14,567 depending on the model and state.
  • The Kona Electric Standard Range is the biggest mover, now from $45,990 drive-away, while the Ioniq 5 entry model starts at $71,990 drive-away.
  • Deals cover the Kona Electric, Elexio, Inster, and Ioniq 5, and apply to new stock vehicles with no added options.

Hyundai Australia has introduced drive-away pricing across four of its electric models for vehicles purchased and delivered by the end of May 2026. The offer covers the Kona Electric, Elexio, Inster, and Ioniq 5, with savings ranging from around $2,600 to more than $14,500 depending on the variant and state of registration.

The deals apply to new stock vehicles with no added options. Savings vary by state because drive-away pricing absorbs stamp duty and registration costs, which differ across jurisdictions.

Kona Electric

The Kona Electric has received the largest price reductions in this round of deals. The Standard Range variant is now $45,990 drive-away, a saving of between $10,792 and $14,567 on the standard price depending on the state. It uses a 48.6kWh battery with a claimed 370km of WLTP range.

The Extended Range variant, which adds a 64.8kWh battery for 505km of claimed range, is $50,990 drive-away, saving between $9,912 and $13,856. The N Line Package version of the Standard Range is $55,990 drive-away, down $10,792 to $13,116.

The Premium grade is $60,990 drive-away (down $10,212 to $14,506), and the Premium with N Line Package is $64,990 drive-away (down $9,302 to $13,701). Premium grades add heated and ventilated seats, a 360-degree camera, Bose sound system, sunroof, and automatic parking.

Kona Electric drive-away pricing

Variant

Drive-away price

Battery

Claimed range (WLTP)

Saving (by state)

Standard Range

$45,990

48.6kWh

370km

$10,792–$14,567

Extended Range

$50,990

64.8kWh

505km

$9,912–$13,856

N Line Package

$55,990

48.6kWh

370km

$10,792–$13,116

Premium

$60,990

48.6kWh

370km

$10,212–$14,506

Premium N Line Package

$64,990

48.6kWh

370km

$9,302–$13,701

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Elexio

The Elexio is Hyundai's mid-size electric SUV, powered by a single 160kW/310Nm front-wheel-drive motor paired with an 88.1kWh battery. Claimed WLTP range is 546km.

The entry Elexio is $57,990 drive-away, saving between $3,932 and $8,026 depending on the state. The Elexio Elite is $59,990 drive-away, with savings of $5,022 to $9,220. Hyundai had discontinued the Elite's drive-away price on 1 April 2026, so this deal reinstates it.

Elexio drive-away pricing

Variant

Drive-away price

Saving (by state)

Elexio

$57,990

$3,932–$8,026

Elexio Elite

$59,990

$5,022–$9,220

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Inster

The Inster is Hyundai's smallest electric car in Australia. The Standard Range variant uses a 71kW/147Nm front-wheel-drive motor with a 42kWh battery for 327km of claimed WLTP range.

The Inster Standard Range is $38,990 drive-away, saving between $2,612 and $4,892 on the regular price depending on the state. Note that this drive-away price is $3,000 higher than the price offered in March 2026.

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Ioniq 5

Three Ioniq 5 variants are included in the deal. The entry model is now $71,990 drive-away, a saving of $7,658 to $12,325. It uses a 168kW rear-wheel-drive motor, 84kWh battery, and has a claimed range of 570km.

The Ioniq 5 Elite is $78,990 drive-away, saving $7,658 to $10,650, with a 530km claimed range and additional features. The N Line Premium is $87,990 drive-away, saving $7,569 to $12,828. It uses the same 84kWh battery but delivers 239kW from an all-wheel-drive powertrain.

Ioniq 5 drive-away pricing

Variant

Drive-away price

Motor

Claimed range (WLTP)

Saving (by state)

Ioniq 5 (entry)

$71,990

168kW RWD

570km

$7,658–$12,325

Ioniq 5 Elite

$78,990

168kW RWD

530km

$7,658–$10,650

Ioniq 5 N Line Premium

$87,990

239kW AWD

N/A (84kWh battery)

$7,569–$12,828

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Conditions

All deals require the vehicle to be purchased and delivered by the end of May 2026. Pricing applies to new stock vehicles with no added options. Savings vary by state because drive-away pricing includes stamp duty and registration, which differ across jurisdictions. Buyers should confirm the applicable price with their local Hyundai dealer.

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About the author

Danny ThaiLinkedIn

Danny is a consultant and entrepreneur working at the cutting edge of the electric vehicle and energy transition. He is passionate about educating and helping consumers make better decisions through data.

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