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Cheaper Hyundai Ioniq 2 EV spied testing ahead of official reveal

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Hyundai already has a small electric SUV with the Kona Electric, but it’s working on another that’s set to go on sale in 2026.

According to UK publication Autocar, Hyundai has confirmed it will reveal an unnamed electric crossover in the next few months which will hit Europe showrooms in late 2026. 

The unnamed crossover is believed to be the Hyundai Ioniq 2 five-door small SUV caught testing in Europe ahead of its official reveal, the timing suggesting it will be on display at the Munich motor show in Germany this September.

The Ioniq 2 is expected to face a swag of circa €30,000 ($A53,618) electric rivals in Europe, including the Renault 5 E-Tech and upcoming Volkswagen ID.2.

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The Ioniq 2 was reportedly developed alongside the EV2 small electric SUV – all but ruled out for Australia – from sister brand Kia. 

Having just launched the Ioniq 9 flagship electric SUV in Australia – its most expensive car ever – the Ioniq 2 will join the Ioniq 5 hatchback and Ioniq 6 sedan as the fourth model in the Ioniq EV range.

Hyundai has previously said it intends to introduce Ioniq EV models from 1 to 9, with each higher number corresponding to an increase in size. 

There’s little official information on the Ioniq 2 so far, which beyond a reference to an unnamed electric crossover is yet to be officially confirmed by the automaker.

Based on the naming strategy, the Ioniq 2 will sit above the funky Hyundai Inster EV, a city-sized urban hatch based on the Picanto platform from sister brand Kia, but below the Kona EV in terms of size and price. 

That means the Ioniq 2 should sit between the top-priced Inster Cross – priced at $45,000 before on-road costs – and the entry level Kona Electric’s $54,000 list price in Australia. 

The Ioniq 2 is also expected to use a version of the dedicated electric E-GMP (Electric Global Modular Platform) shared with the Ioniq 5, Ioniq 6 as well as the Genesis GV60 from the company’s luxury division.

A low-cost version of the platform, similar to the Kia EV3’s underpinnings, could also bring its 400V charging capability and choice of 58.3kWh and 81.4kWh lithium-ion batteries. 

The Australian-spec EV3 has a range of up to 604km and a maximum DC charge rate of 127kW.

Autocar has suggested a ‘step change’ in design for the Ioniq 2’s cabin, including new infotainment which is expected to be combined with the driver’s digital instruments. 

Now EV-only, the Ioniq name was previously used on a five-door hatch sold in Australia between 2018 and 2022 offered with a Toyota Prius-rivalling hybrid powertrain as well as a battery-electric version and a plug-in hybrid.

MORE: Everything Hyundai
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