Automotive
Hyundai cancels planned Australian release of IONIQ 3 electric hatchback
Electrek reports that high shipping costs and competition from Chinese rivals led Hyundai to abandon the launch.
The short version
- Hyundai canceled plans to introduce the IONIQ 3 electric vehicle to the Australian market in early 2027.[Electrek]
- A company spokesperson stated that importing the vehicle from its plant in Turkey made pricing uncompetitive in Australia.[Electrek]
- The model faced projected starting prices around AUD$40,000, significantly higher than entry-level Chinese competitors such as the BYD Dolphin.[Electrek]
Key facts
- Hyundai canceled its planned early 2027 launch of the IONIQ 3 in Australia.[Electrek]
- The IONIQ 3 is manufactured at Hyundai's Izmit facility in Turkey, contributing to high importation expenses.[Electrek]
- The vehicle was estimated to cost around AUD$40,000 before on-road fees in Australia, compared to the BYD Dolphin starting at AUD$28,888.[Electrek]
- The IONIQ 3 is currently available in the UK starting at £18,495 including government grants and in Europe for around €28,950.[Electrek]
What remains uncertain
- Hyundai has not indicated whether alternative production locations could eventually make the IONIQ 3 viable for Australia.[Electrek]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.