Hyundai Kona Electric prices slashed by $13,000

New drive-away deals for the popular Hyundai Kona lineup are headlined by discounts of more than $13,000 for all-electric versions of the small SUV.

For the first quarter of 2026, Hyundai Australia is offering national drive-away pricing across entry-level versions of the Kona and Kona Hybrid (HEV), as well as more substantial discounts across the Kona Electric range.

The Kona Electric Standard Range now starts from $45,990 drive-away, representing a massive $13,157 saving based on a NSW postcode. With the Kona HEV now starting from $39,990 drive-away, the gap between hybrid and EV power has shrunk to just $6000.

After initially launching in a more premium price bracket, the Kona Electric is now more in line with cheaper Chinese rivals like the Geely EX5 (from ~$44,400 drive-away) and the MG S5 EV (from $40,990 drive-away).

CarExpert can save you thousands on a new car. Click here to get a great deal.

However, BYD's new similarly sized Atto 2 electric SUV starts from just $31,990 plus on-road costs, or around $34,770 drive-away based on a NSW postcode.

The Kona Electric Extended Range has been slashed by $13,357 to $49,990 drive-away, offering up to 505km of WLTP-certified range for less than $50,000. The flagship Premium variant has received the largest discount, now priced $59,990 drive-away – a saving of $13,857.

Both the Extended Range and the Premium can be had with the sporty N Line Package, which adds $5000 to the former's drive-away pricing and $4000 to the latter's.

At the bottom end of the range, pricing for the entry-level Kona 2.0L petrol has been reduced by $558 to $36,490 drive-away. However, Hyundai Australia says the price of this model will rise by $500 to $36,990 for February and March, representing a saving of just $58.

The Hyundai Kona had a standout sales year in 2025, with 22,769 registrations (up 31.1 per cent on 2024) making it Australia's best-selling small SUV ahead of the Chery Tiggo 4 (20,149) and MG ZS (20,000).

However, in contrast to the success of petrol and hybrid variants, the battery-powered Kona Electric accounted for just 541 or 2.4 per cent of those sales, no doubt prompting Hyundai to take a knife to its sticker prices.

A similar strategy has been applied to entry-level versions of Hyundai's Inster baby EV, which now kicks off from $35,990 drive-away nationwide as part of a similar quarterly campaign, a saving of more than $7000.

MORE: Explore the Hyundai Kona showroom