2022 Hyundai Ioniq 5 Arrives This Month for $45K, This Spring for Under $41K
Hyundai announced full pricing today for its all-electric, hatchbackish Ioniq 5 SUV, including details for the lower-range SE model, which the EPA outed earlier but the automaker declined to confirm. The 2022 Ioniq 5 will hit dealers by the end of 2021 with a starting price of $44,875 (all prices include a $1,225 destination fee).
Related: 2022 Hyundai Ioniq 5 Gets Maximum EPA Range of 303 Miles
That gets you the base trim, SE, with a single electric motor that drives the rear wheels; it’s good for 225 horsepower and 303 miles of EPA-rated range. Come spring 2022, a lower-range rear-wheel-drive SE with 168 hp and 220 miles of EPA range arrives for $40,925. That version has a 58-kilowatt-hour battery pack; all others have a 77.4-kWh pack. Two other RWD trims can move pricing into the low $50,000s before factory options, with dual-motor all-wheel drive — good for a combined 320 hp and 256 miles of EPA range — running another $3,500 to $3,900 depending on trim.
Here’s the breakdown across trim levels. Note that prices are before any federal, state or local tax credits; the Ioniq 5 should qualify for $7,500 at the federal level.
Base RWD (58-KWH Battery, 168 HP, 220 Miles of EPA-Estimated Range)
- SE Standard Range: $40,925
Other RWD (77.4-KWH Battery, 225 HP, 303 Miles)
- SE: $44,875
- SEL: $47,125
- Limited: $51,825
AWD (77.4-KWH Battery, 320 HP, 256 Miles)
- SE: $48,375
- SEL: $50,625
- Limited: $55,725
Standard features include 19-inch wheels, a 12.3-inch touchscreen with Apple CarPlay and Android Auto, lane-centering steering and adaptive cruise control, and unlimited 30-minute charging sessions for two years on Electrify America’s network. Should you find a DC fast charger rated for 350 kilowatts — an advanced technology still rare among public fast chargers — the Ioniq 5 can accommodate 800-volt ultra-fast charging that can take a battery to 80% from 10% in a claimed 18 minutes. (Asked if that’s with the 58- or 77.4-kWh batteries, a Hyundai spokesperson didn’t immediately respond.)
The starting price for the SE Standard Range undercuts the Ioniq 5’s rivals. Though its platform mate, the Kia EV6, has not yet had pricing detailed, other mainstream electric SUVs like the Ford Mustang Mach-E ($43,995) and Volkswagen ID.4 ($41,190) are marginally more, while the Nissan Ariya ($47,125) and Tesla Model Y ($60,190) cost significantly more.
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