The all-in-one subscription for the Ioniq 5 includes insurance, maintenance, and of course an EV, and for the Kona EV the plan is even cheaper.
That monthly price is intended to be all-encompassing, so it also includes registration, insurance, roadside assistance, and maintenance costs. Hyundai is launching the program in an effort to attract what it describes as the "EV-Curious" audience. The manufacturer hopes that by offering what it feels is a lower barrier of entry for potential EV shoppers, it will be able to increase EV adoption and awareness.
Each monthly term is considered 28 days and allows for 1000 miles. Going over that 1000-mile limit results in an additional charge of $20 per 100 miles until the 1500-mile mark; after that, things get expensive at $1 per mile. Any miles under the limit will be rolled over if you resubscribe to the service.Just like everything else these days, there's an app for the service. Subscribers can go in the app, find a car, and pay online.
We're pretty big fans of the Hyundai Ioniq 5 around here. You may actually remember that we named it our. Hyundai used a $47,125 Ioniq 5 as a cost comparison example, estimating monthy purchase payments of $850 based on six-year financing for a customer with solid credit. Monthly payments on a three-year lease come out to closer to $600, though neither the lease nor purchase prices factor insurance and maintenance in.
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