$HYMTF Hyundai's New $20,000 EV

Unfortunately, this sounds destined to hit the EU market first. These will sell like hotcakes down here in the Florida Keys where Kia and Hyundai are the No. 1 selling badge these days.

Hyundai plans a new small electric car for less than $20,000
Fred Lambert

- Jul. 20th 2022 4:00 am PT



At the Automotive News Europe Congress in Prague, Hyundai Motor Europe’s marketing chief, Andreas-Christoph Hofmann, confirmed that the Korean automaker is working on an entry-level electric car for the European market.

He said:

“Everybody in the industry knows the target of this kind of vehicle is 20,000 euros,”

With the US Dollar at near parity with the euro, it would put the price around $20,000 USD.

However, Hofmann made it sound like the upcoming electric vehicle would be specifically for Europe.