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Hyundai prices 2022 Ioniq 5 and it’s right on the money

The Hyundai Ioniq 5 is nearing its on-sale date, and we’ll have a full review of the new car later this week. But in order to put a car on sale, it has to have a price. Now we know how much the first E-GMP electric car is going to cost.

Along with the pricing announcement, Hyundai announced that there’d be a standard range 58 kWh battery pack base model while the rest retain a 77.5 kWh pack. All of the larger battery models are available either as rear-wheel drive or all-wheel drive.

Here’s a breakdown of all the trims and related pricing. Our prices listed here include the $1,225 destination fee.

Model Electric Powertrain Drivetrain Driving Range (mi.) MSRP
SE Standard Range 168HP rear motor RWD 220 $40,925
SE 225HP rear motor RWD 303 $46,100
SE 320HP dual motor AWD 256 $48,375
SEL 225HP rear motor RWD 303 $47,125
SEL 320HP dual motor AWD 256 $50,625
Limited 225HP rear motor RWD 303 $51,825
Limited 320HP dual motor AWD 256 $55,725

Hyundai electric vehicles are also still eligible for the full $7,500 federal tax credit, assuming you are also eligible to get the full amount.

For comparison, the Ford Mustang Mach-E starts at $44,995 with delivery for a single motor rear-drive version making 266 hp. That car also has 230 miles of EPA-rated range. The Ford is also eligible for the full tax credit.

Tesla no longer offers a standard range Model Y — at least not today — making the least expensive Model Y buyers can get into $60,190 for all wheel drive and 330 miles of range.

The E-GMP-based Ioniq 5 is built on top of an 800-volt electrical system, which should allow for charge speeds well over 200 kW, and potentially up to 350 kW.

The retro-futuristic car appears to deliver on price and equipment. Are you interested in one? Let us know in the comments.

Written by Chad Kirchner
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