Hyundai Ioniq 5 EV crossover will start at $39,700 when it arrives

Hyundai has finally announced pricing for its highly anticipated Ioniq 5 electric crossover, which is set to hit select dealer showroom floors later this month. Depending on battery size and drive type, potential buyers should expect to pay between $39,700 and $54,500 for one of them.

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

Don’t expect to see any of the smaller battery models on US roads to begin with. Hyundai initially focused on producing units with a larger battery pack and providing a 220-mile, 168-horsepower standard range through spring 2022. The 303-mile, 225-horsepower rear-engine SE starts at $43,650 ($47,150 for the 320-hp version) Optional features and a $1,225 shipping fee are, of course, additional.

Hyundai’s pricing point puts the Ioniq 5 on par with the 2021 Kia Niro EV, which starts at $39,090, and the 2021 Volkswagen ID.4 with $39,995 MSRP — even if you’re bragging about higher trim levels than the Ioniq, you’ll start Only in a fugue to the Mach-E’s introductory price range ($42,895 for the base, $48,100 for the premium, and $60,000 for the GT).

Will the performance of the Ioniq 5 live up to the hype? Will it display its features excessively given its surprisingly reasonable price? Find out later this week when the first look at Hyundai’s latest EV will be released. Stay tuned!

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