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News › Hyundai cancels the Ioniq 3 for Australia as small EV prices fallNews · 2 October 2026

Hyundai cancels the Ioniq 3 for Australia as small EV prices fall

Why it matters: Good news for buyers in one way: small EVs are now cheap enough to push a big brand out. Hyundai's smallest EV here remains the Inster, from $35,990 drive-away.

New models

Hyundai Inster small electric car in white
Photo: Alexander Migl, CC BY-SA 4.0, via Wikimedia Commons. May show an overseas version.

Hyundai has dropped plans to sell the Ioniq 3 small electric hatch here, which had been due in early 2027. "The numbers just don't work for us given the competition and the price we would need to place on it," a Hyundai spokesperson told CarExpert. Rivals have become much cheaper: the BYD Atto 1 is $19,990 drive-away, the BYD Dolphin $28,888 drive-away and the Geely EX2 starts from $26,490 before on-road costs.

Cheapest EVs to own ›Hyundai Inster running costs ›

Source: CarExpert

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How we work it out, and our sources

Weekly cost = the car's energy use × 250 km × your electricity or fuel price, with 90% of charging at home. Prices are list prices at November 2026; check with the dealer.

  • Electricity: 2026–27 default rates (AER, Victorian Default Offer, state retailers). Public charging: Sydney network prices, July 2026.
  • Petrol and diesel: capital-city daily averages from state government price feeds, via FuelRadar, 12 November 2026. Diesel for Hobart, Canberra and Darwin is estimated from the national fall.
  • Cars: maker figures via CarExpert, Drive, CarsGuide and EV Central. Plug-in electric range is taken as 80% of the claim.
  • Servicing: published capped prices; marked as an estimate where not yet published (CarExpert comparison).
  • Tyres: an EV set lasts about 35,000 km, a petrol or hybrid set 50,000 km (RACV); prices from Gridly.
  • Home charger: about $2,000 installed ($1,000–$3,000). Novated leases: PwC summary.

Printed from EV Pick Australia · evpick.com.au. Prices and costs are estimates; check with the dealer. © 2026 EV Pick (T. Crouch). For personal use only; not to be copied, republished or sold without permission.

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