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Here’s how much Hyundai’s cool, new Ioniq 5 EV will cost


A slightly grimy Hyundai Ioniq 5 on an unusually wet and gray day in Southern California.
Enlarge / A slightly grimy Hyundai Ioniq 5 on an unusually wet and gray day in Southern California.

Jonathan Gitlin

The car I’ve been most excited about in 2021 is the Hyundai Ioniq 5. The Korean automaker has impressed with each new model we’ve tried, and its smaller electric vehicles are some of the few that can rival Tesla in terms of range efficiency.

The Ioniq 5 is the first product from Hyundai Motor Group—which includes Kia and Genesis—to use the new 800 V E-GMP platform, which was designed from the ground up to produce pure battery EVs. I spent a day driving one last week, but I can’t say more about that until later this week. What I can tell you, now that Hyundai has finalized pricing, is how much the Ioniq 5 will cost.

The cheapest way to get an Ioniq 5 will be the 125 kW (168 hp) rear-wheel drive SE Standard Range model with the smaller 58 kWh battery pack. This will cost $39,700 before the IRS 30D tax credit and any local incentives. However, as is nearly always the case with a new car regardless of OEM, if you want the cheapest one, you need to be prepared to wait, as it will only become available in spring 2022. (That is still an improvement over Hyundai’s original plan of not bringing the car to the US at all.)

From late December 2021, the rest of the range should be available. All of these models use a 77.4 kWh battery pack, with the choice of either a single 168 kW (225 hp) motor driving the rear wheels or an all-wheel drive version with a pair of motors and a combined output of 239 kW (320 hp).

Those looking for range will want the RWD Ioniq 5, which should be capable of 303 miles (487 km) on a single charge. The AWD Ioniq 5 should be able to handle 256 miles (412 km) on a full battery.

The cheapest long-range Ioniq 5 is the $43,650 RWD SE, then there’s the $45,900 Ioniq 5 SEL, followed by $50,600 Ioniq 5 Limited.

If you prefer more power and don’t mind charging slightly more often, that version of the Ioniq 5 SE starts at $47,150, with the AWD Ioniq 5 SEL at $49,900 and the AWD Ioniq 5 Limited at $54,500.



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