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Is the Hyundai Ioniq 5 Cheap with an Rp. 80 Million Subsidy?

Jakarta

Hyundai Ioniq 5 will certainly receive assistance from the government. Not long ago, a big leak of aid for the Hyundai Ioniq 5 revealed around IDR 70-80 million. So how much does the Hyundai Ioniq 5 cost?

The government is preparing an assistance scheme for electric cars. The assistance is expected to make electric cars more affordable and compete with conventional fueled cars. With competitive selling prices, people are expected to switch to using electric cars. There are two electric cars that can take advantage of this assistance, namely the Hyundai Ioniq 5 and Wuling Air ev.

Minister of Industry Agus Gumiwang Kartasasmita said the amount of subsidies for electric cars was still being calculated and would be announced on March 20, 2023. The mechanism for providing assistance would also be explained in detail. But Agus gave a leak that the amount of assistance for the Hyundai Ioniq 5 and Wuling Air ev would be different.

“That’s later, around Rp. 70 million in assistance. Don’t call it the Minister of Industry to make sure. Around Rp. 70 to Rp. 80 million in government assistance for cars (Hyundai). For Wuling, assistance from the Government is Rp. 25 to Rp. 35 million, this is We are still calculating and will determine it soon,” said Agus.

If the amount of assistance does not change, the price of the Hyundai Ioniq 5 will drop significantly. Currently, the cheapest Hyundai Ioniq 5 is sold at IDR 749 million, while the most expensive variant reaches IDR 859 million. In simple calculations, if the assistance provided is Rp. 70 million, then Ioniq 5 will be priced from the lowest Rp. 678 million to the highest Rp. 789 million.

Meanwhile, if the assistance is Rp. 80 million, the lowest variant will be sold for Rp. 668 million and the most expensive for Rp. 779 million. More details as follows.

The Hyundai Ioniq 5 Prime Standard Range is currently selling for IDR 749 million

The range after receiving government assistance is IDR 70 million: IDR 678 million
The range after receiving Rp. 80 million in government assistance: Rp. 668 million

The Hyundai Ioniq 5 Prime Long Range is currently selling for IDR 789 million

The range after receiving government assistance is IDR 70 million: IDR 719 million
The range after receiving government assistance is IDR 80 million: IDR 709 million

The Hyundai Ioniq 5 Signature Standard Range is currently selling for IDR 809 million

The range after receiving government assistance is IDR 70 million: IDR 739 million
The range after receiving government assistance is IDR 80 million: IDR 729 million

The Hyundai Ioniq 5 Signature Long Range is currently selling for IDR 859 million

The range after receiving government assistance is IDR 70 million: IDR 789 million
The range after receiving government assistance is IDR 80 million: IDR 779 million

The price has dropped significantly, but are these prices affordable for the Indonesian people? Previously, in the records of the Ministry of Industry, most Indonesians bought cars at Rp. 300 million. Even if you pay attention to the list of best-selling cars in Indonesia, cars with a price range of IDR 200-300 million dominate sales. Call it Honda Brio, Toyota Avanza, Mitsubishi Xpander, and several other models.

“The majority of around 70-80% of the types of vehicles purchased by the Indonesian people are in the price range of around Rp. 300 million,” said the Head of the Land Transportation Equipment Industry Sub-Directorate for the Maritime Industry, Transportation Equipment and Defense Equipment (IMATAP) Ministry of Industry Dodiet Prasetyo recently.

Meanwhile, for cars priced above, the market is there, but not as big as cars under Rp. 300 million. In the list of best-selling cars, there are several models offered at prices above IDR 300 million, such as the Kijang Innova Zenix, Mitsubishi Pajero Sport, and also the Toyota Fortuner.

Watch VideoCrazy! The price of a used Hyundai IONIQ 5 has skyrocketed

(dry/din)

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