Hyundai’s Ioniq 5 EV crossover starts at $39,700 when it arrives


Hyundai has finally announced pricing for its highly anticipated Ioniq 5 crossover EV, which is set to appear at select dealer shows later this month. Depending on the size of the battery and the type of drive, potential buyers should expect to pay between $39,700 and $54,500 for a copy of their own.

The Ioniq 5 will be available in three trim levels – SE, SEL and Limited – and comes with a 77.4 kWh pack, which is suitable for 303 miles of range with RWD (256 miles with AWD), or a smaller 58 kWh battery with a range of 220 miles.

Don’t expect any of the smaller battery models on US roads to begin with. Hyundai is initially focusing on producing units with the larger battery pack and saving the 220-mile, 168-hp SE Standard Range through the spring of 2022. The 303-mile, 225-hp SE rear motor starts at $43,650 ($47,150). for the 320 horsepower, AWD version, the RWD SEL costs $45,900 ($49,500 for AWD) and the top of the line Limited goes for $50,600 as RWD ($54,500 for AWD).Optional features and $1,225 freight costs are extra, of course. .

Hyundai’s pricing puts the Ioniq 5 on par with the 2021 Kia Niro EV, which starts at $39,090, and the 2021 Volkswagen ID.4 with its suggested retail price of $39,995 — even if you splurge for the higher trim levels of the Ioniq, you’ll start only wander into, say, the Mach-E’s introductory price range ($42,895 for the base, $48,100 for Premium, and a brisk $60k for a GT).

Will the Ioniq 5’s performance live up to the hype? Will the features pay off more given the surprisingly affordable price tag? Find out later this week when our first look at Hyundai’s latest EV goes live. Stay tuned!

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