Hyundai cuts Kona Electric and Ioniq 5 prices by $8000 in Australia
Both EVs drop by $8,000 across the range with the Kona Electric now starting under $50,000 and a new Elite grade joining the line-up. There's a catch on standard kit.
Rob Leigh
Key takeaways
- 2027 Hyundai Kona Electric and Ioniq 5 cut by $8000
- Kona Electric now from $46,000, Ioniq 5 from $68,200
- Base grades lose heat pump, V2L and charging cable
The 2027 Hyundai Kona Electric and Ioniq 5 are cheaper to buy in Australia, with Hyundai slashing $8,000 off every grade except the high-performance Ioniq 5 N. The reductions are available to order now, with cars arriving in dealerships from June.
Kona Electric pricing now opens at $46,000 before on-road costs, down from $54,000.
The Ioniq 5 starts from $68,200, a drop from $76,200. To get there, Hyundai has stripped some equipment from the entry grades.
The base Kona Electric loses its heat pump, auto-dimming rear-view mirror, interior vehicle-to-load (V2L) connection and emergency charging cable. The entry Ioniq 5 drops the V2L connection and charging cable, with the $115,000 Ioniq 5 N also losing the cable. Hyundai has confirmed every other grade keeps both features.
2027 Hyundai Kona Electric pricing
| Grade | Price (excl. on-roads) |
| Kona Electric Standard Range | $46,000 (down $8,000) |
| Kona Electric Extended Range | $50,000 (down $8,000) |
| Kona Electric Elite Extended Range | $53,000 (new) |
| Kona Electric Premium Extended Range | $60,000 (down $8,000) |
| Kona Electric Premium N Line Extended Range | $63,000 (down $8,000) |
A new mid-spec Elite grade joins the Kona Electric range, matching the structure of the petrol and hybrid models. The mid-tier N Line option pack on the Extended Range base car has been dropped.
The Elite adds 19-inch alloy wheels, part-leather seats, power front seats, heated front seats, solar-control glass and rear privacy glass. Those bigger wheels do cost range, though. The Elite and Premium Extended Range drop to 444km on the WLTP cycle, down from 505km for the 17-inch entry car.
2027 Hyundai Ioniq 5 pricing
| Grade | Price (excl. on-roads) |
| Ioniq 5 RWD | $68,200 (down $8,000) |
| Ioniq 5 Elite RWD | $73,200 (down $8,000) |
| Ioniq 5 N Line Premium AWD | $83,700 (down $8,000) |
| Ioniq 5 N AWD | $115,000 |
The Ioniq 5 N Line Premium picks up one upgrade for its lower price, swapping its suede seats for leather sport seats with N logos.
What the price cut means for buyers
Drive-away offers sweeten things further before the financial year closes.
Hyundai is listing the Kona Electric from $45,990 drive-away and the Ioniq 5 from $71,990 drive-away on in-stock cars sold and delivered by 30 June 2026.
The two EVs now sit either side of the new Chinese-built Hyundai Elexio, a Model Y-sized family SUV priced from $58,900.
Sharper pricing makes both Hyundais easier to recommend, but check whether the deleted kit on the base grades matters to you before signing.
Frequently asked questions
How much is the 2027 Hyundai Kona Electric in Australia?
The Kona Electric now starts from $46,000 before on-road costs, down $8000. Drive-away pricing on in-stock cars starts from $45,990 until 30 June 2026.
What features did Hyundai remove from the base Kona Electric and Ioniq 5?
The base Kona Electric loses its heat pump, auto-dimming mirror, V2L connection and emergency charging cable. The entry Ioniq 5 drops the V2L connection and charging cable.
What is the driving range of the 2027 Hyundai Kona Electric?
The entry Kona Electric on 17-inch wheels is rated at 505km WLTP. The Elite and Premium Extended Range grades drop to 444km due to their 19-inch wheels.
Rob Leigh
Co-founder & Director
Rob Leigh is Co-founder and Director of The Beep based in Melbourne, Australia. He has 15+ years inside a major automotive OEM, specialising in product planning, pricing and vehicle strategy.
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