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.