- Hyundai has released pricing for the 2022 Ioniq 5 electric car.
- It starts at $40,925 for the Standard Range model and goes up to $55,725 for a loaded Limited model with the more powerful dual-motor AWD setup.
- SE, SEL, and Limited models go on sale this month and the SE-only Standard Range arrives in the spring.
We now have the final piece of the information puzzle for Hyundai’s new Ioniq 5 EV: the price. It starts at $40,925 for the base SE Standard Range model that promises 220 miles of range according to the EPA. This version, which has a 58.0-kWh battery, will arrive later than the more powerful and longer-range configurations with a 77.4-kWh battery and up to 303 miles of EPA-rated range that are set to go on sale this month. The SE with the bigger battery costs $44,875, while the SEL costs $47,125 and the Limited $51,825.
The SE Standard Range has just 168 horsepower from a single electric motor that powers the rear wheels. Upgrading to the bigger battery brings on a more powerful 225-hp motor and increases estimated range to 303 miles. The dual-motor all-wheel-drive configuration is available only with the bigger battery and costs $3500 extra for SE and SEL models and $3900 extra for the top Limited model. With front and rear electric motors, the Ioniq 5 produces a total of 320 horsepower but has a shorter range estimate of 256 miles.
We don’t yet have a price for the closely related Kia EV6, but the Ioniq 5’s price range compares favorably to other similar EVs on the market. The 2022 Ford Mustang Mach-E starts at $43,995 and goes up to $61,095 for the performance-oriented GT model, while the Volkswagen ID.4 costs between $41,190 and $49,370.
We’ll be sharing our full driving impressions on the Ioniq 5 soon, so stay tuned to learn more about what it’s like from behind the wheel. Hyundai says that this EV will be only be sold in certain states, including Arizona, California, Colorado, Connecticut, Florida, Illinois, Maine, Maryland, Maryland, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas, Vermont, Virginia, and Washington.
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