ArenaEV.com ArenaEV.com

Facebook

Twitter

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Hyundai updates US specs and prices of Ioniq 5

  • Post your comment

Max McDee, 01 March 2023

Hyundai

Hyundai managed to sell nearly 23,000 units of the Ioniq 5 in the US last year but this year it will be a much tougher task to achieve. Neither Ioniq 5 or Ioniq 6 qualify for the $7,500 federal EV credit which puts both the cars at a disadvantage. You’d think that Hyundai would go ahead and slash the prices but instead, the company is putting the prices up.

The entry level Ioniq 5 with the smaller, 58.2 kWh battery pack, costs now $42,785 with destination charge included. That makes it a whopping $9,360 more expensive than it was when it went on sale in the Spring of 2022.

Model New Price Battery EPA Range
2023 Hyundai Ioniq 5 SE SR RWD 19-inch $42,785 58.2 kWh 220 miles (354 km)
2023 Hyundai Ioniq 5 SE RWD 19-inch $46,835 77.4 kWh 303 miles (488 km)
2023 Hyundai Ioniq 5 SE AWD 19-inch $50,335 77.4 kWh 266 miles (428 km)
2023 Hyundai Ioniq 5 SEL RWD 19-inch $48,785 77.4 kWh 303 miles (488 km)
2023 Hyundai Ioniq 5 SEL AWD 19-inch $52,285 77.4 kWh 266 miles (428 km)
2022 Hyundai Ioniq 5 Limited RWD 19-inch $53,935 77.4 kWh 303 miles (488 km)
2022 Hyundai Ioniq 5 Limited AWD 20-inch $57,835 77.4 kWh 266 miles (428 km)

As you can see from the above table, the price difference between RWD and AWD models is $3,500 with the exception of the Limited trim where that difference is $3,900. The price difference between the smallest battery and the standard 77.8 kWh pack is $4,050 and some people will think hard whether the extra 180 miles of range is worth the extra money.

The ranges given in the table are estimates from Hyundai since the EPA certification is ongoing. According to the company though, the EPA range will be higher than the predictions thanks to much higher drivetrain efficiency - we’ll have to wait to see the results.

Hyundai went as far as releasing this helpful table below that lists all the changes between the 2022 and 2023 models. Interesting bit is the increased towing capacity by 650 lbs up to 2,300 lbs (1,043 kg) for all the Ioniq 5 versions powered by the larger 77.8 kWh battery pack.


Hyunday has one heck of a fight on its hands, without qualifying for the EV tax credit the company has to rely on its brand image to sell its electric cars. It’s not gonna be easy with the competition growing as fast as it is. At the same time it’ll be interesting to see how important is the EV tax credit for the buyers when it comes to choosing an electric car.

Via

Related articles
  • LG and Hyundai to build a $4.3 billion EV battery factory in the US LG and Hyundai to build a $4.3 billion EV battery factory in the US
  • Hyundai's 2024 Kona spotted on the highway in California Hyundai's 2024 Kona spotted on the highway in California
  • No, your 800V Hyundai or Kia doesn't charge at 350kW No, your 800V Hyundai or Kia doesn't charge at 350kW
  • Hyundai Ioniq 5 N will have more power than Kia EV6 GT - launches in July Hyundai Ioniq 5 N will have more power than Kia EV6 GT - launches in July
  • Post your comment
Total reader comments: 0

  • Home
  • News
  • Compare
  • Terms
  • Privacy
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelHonda
    e:Ny1
  • ModelFord
    E-Tourneo Courier
  • ModelPeugeot
    e-2008 SUV
  • ModelMini
    Cooper SE Electric
  • ModelCitroen
    e-C4 X 54kWh
  • ModelPolestar
    4 Performance

Featured

  • Tesla Model S beats 28 cars for winter range test crown Tesla Model S beats 28 cars for winter range test crown
  • NIO ET7 quick review and drive NIO ET7 quick review and drive
  • Benefits of dedicated EV platforms Benefits of dedicated EV platforms
  • Different types of electric motors used in EVs Different types of electric motors used in EVs
  • VW ID.4, Audi Q4 and Skoda Enyaq - three identical yet so different EVs VW ID.4, Audi Q4 and Skoda Enyaq - three identical yet so different EVs
ADVERTISEMENTS

Home News Compare Glossary About us RSS feed Facebook Twitter

© 2022-2023 ArenaEV.com Mobile version EV Finder Privacy Terms of use

From the team behind
GSMArena.com