SYDNEY, Nov. 27 (Xinhua) -- Hyundai's first fully electric vehicle (EV) launched in Australia on Tuesday, making it the cheapest EV on the market.

With decent price around 33,000 U.S.dollars, the purely electric Hyundai Ioniq aims to be a financially and practically viable option, claiming a battery range of 230 kilometres and ability to fast charge from 0 to 80 percent in 23 minutes.

"The 2019 Ioniq makes responsive and eco-friendly electrified driving accessible to a wide range of customers, and is an exciting new chapter for our company," Hyundai Australia chief Jung Wook Lee said.

The launch took place in Queensland state, home to an 1,800 kilometre stretch of road which is fully conducive to use by electric vehicles thanks to "super-fast" charging stations.

"Queensland is home to the Electric Super Highway -- the world's longest in a single state and an infrastructure investment that is determining car maker policy for the entire country," Minister Mark Bailey from Transport and Main Roads said.

The highway's charging points are provided by Queensland state based EV company Tritium, which exports their products to 26 countries.

"Tritium is changing the face of the global EV industry and is a great home-grown Queensland success story," the minister said.