The new Hyundai Nexo Fuel Cell Electric Crossover – Hyundai’s replacement for the ix35 FCEV – will cost around £60,000 when it goes on sale in the UK.
Just last month we reported that the Hyundai Nexo FCEV – Hyundai’s new hydrogen fuel cell powered Crossover – could cost as little as £22,500 in South Korea thanks to big subsidies for hydrogen powered cars. Sadly, that’s not going to translate in to similar prices in the UK and Europe.
In fact, it appears, the Nexo is going to cost more than its predecessor – the ix35 FCEV – with prices for the Nexo in Germany revealed as starting at €69,000.
As near as makes no difference, and assuming Hyundai will charge very similar amounts across the EU (and we’re still in the EU – for now) that translates in to a UK price for the Nexo of around £60,000.
Yes, there will be some subsidies in the UK too, but they amount to around £4.5k for EVs, so if you want a Nexo in the UK it will still cost you around £55k.
Of course, we’re still in the realm of early adopter prices for FCEVs, and only time – and volume – will make FCEVs competitive with BEVs and ICE cars, although in terms of practicality, range and ease of use the Nexo already competes with ICE cars.
In South Korea, Hyundai had 700 orders for the Nexo on the day it went on sale, but with prices much more in line with its cost to produce in the UK and Europe it seems unlikely it will enjoy similar sales here.
The Hyundai Nexo is expected to go arrive in the UK later in 2018.
Source: Hyundai News Germany