Hyundai Motor Offers Electric Vehicle Installment Interest Rate Reduction and Charging Cost Support Promotion

Hyundai Motor Company announced on the 3rd that it will conduct a special financial promotion for electric vehicle customers.

Starting in July, Hyundai will lower installment interest rates for customers purchasing the Ioniq 5, Ioniq 6, and Kona Electric, and customers who take delivery in July and August will receive support for charging costs through the 'E-FINANCE' program.

Hyundai will apply an interest rate that is 1.0 percentage point lower compared to June, regardless of whether customers choose standard, deferred, or grace-type installment plans when purchasing these electric vehicles. For example, if the interest rate for a customer purchasing an Ioniq 6 with a mobility standard 60-month installment plan in June was 5.9%, the same purchase in July under the same conditions will have an interest rate of 4.9%.

Additionally, Hyundai will provide electric vehicle charging benefits worth up to 1.6 million credits (1 KRW = 1 credit) to customers taking delivery of the Ioniq 5, Ioniq 6, and Kona Electric.

Hyundai will grant 800,000 credits to customers who take delivery of these electric vehicles in July and August, and will provide an additional 400,000 credits when paying over 10 million KRW with Hyundai-exclusive cards including the 'Hyundai EV' card or using Blue Save Auto, as well as an additional 400,000 credits when using Hyundai new car installment plans (over 10 million KRW, longer than 12 months), rentals, or leases.

A Hyundai representative said, "Recently, with rising interest rates and electricity costs, customers' expenses for purchasing and operating electric vehicles are increasing," adding, "We will continue to expand measures that practically reduce the burden on electric vehicle customers."