Previously electric cars up to £50,000 were eligible for a £3,000 grant, but the changes reduce those figures to £35,000 and £2,500 respectively. Three Hyundai models qualified under the change to the threshold, which would limit customer choice. Now all but one Hyundai electric vehicle qualifies for the grant and prices have been reduced across the range.
Kona Electric 39KWh prices have been reduced with the SE Connect now costing £30,395 and the Premium £31,745 (before first registration fee applied). The Kona Electric 64KWh, now costs £34,995 in Premium specification and £37,145 for the Premium SE.
The Ioniq Electric range also sees prices cut for the Premium model to £32,995 and the Premium SE to £34,995.
Hyundai hopes that with the new cuts, more people are going to be willing to switch to battery electric vehicles and keep sustaining the all-electric revolution, according to Ashley Andrew, Managing Director, Hyundai Motor UK.
“When it comes to electric vehicles, cost is a big consideration so it was important for us, in light of the changes to the PICG, to provide our customers with some additional savings, which we hope will help to maintain demand for zero emission vehicles,” he said.