The KGM Torres EVX, KGM Musso EV, and Hyundai Ioniq 3 are now eligible for the UK government’s Electric Car Grant (ECG).
The Torres EVX has become eligible for the £1,500 ECG, reducing its starting price from £35,495, while the Musso EV qualifies for the £5,000 Plug-in Van Grant and is available at £39,995 including VAT.
Kevin Griffin, managing director at KGM Motors UK, said “Making the move to electric needs to work for customers financially as well as practically.
“With Torres EVX now benefiting from the £1,500 Electric Car Grant and Musso EV qualifying for the £5,000 Plug-in Van Grant, there is additional support available to help reduce that initial cost of switching.”
For fleets, businesses and company car drivers, the financial case extends beyond the £5,000 grant. Musso EV attracts a 4% Benefit-in-Kind rate for the 2026/27 tax year, with personal tax costs from around £30 per month for a 20% taxpayer.
The Hyundai Ioniq 3 compact electric Aero Hatch is now eligible for the £3,750 ECG.
After the £3,750 ECG is applied, pricing starts at £18,495 OTR for the Advance 42kWh and £21,995 OTR for the Advance 61kWh. The range extends to £28,195 OTR for the Ioniq 3 N Line Evo.
Ashley Andrew, President, Hyundai Motor UK, said: “The response to IONIQ 3 has been extraordinary, with more customers registering their interest before launch than for any new Hyundai we’ve introduced in the UK.
“Securing the full £3,750 Electric Car Grant across every version means we can now turn that interest into orders at a price that puts a genuinely spacious, long-range electric car within reach of far more drivers.”
Customers who previously reserved a Hyundai IONIQ 3 can convert their reservation into a full order and receive the £3,750 ECG instead of the previous £1,500 Hyundai Reservation Saving.
The Hyundai IONIQ 3 is also available through Hyundai Finance from £355 per month for the Advance 61kWh, with a £355 customer deposit over 48 months, at 8.9% APR representative.
