The critically acclaimed however slow-selling Hyundai Ioniq 5 SUV has given up any declare to being a competitor for the favored Tesla Mannequin Y on-price with the introduction of its newest facelift.
Whereas larger batteries with prolonged driving vary, added mannequin alternative and different substantive modifications are a part of the bundle, $2300 worth rises now pitch the most cost effective Ioniq 5 $11,900 above the entry-level Mannequin Y.
Australia’s hottest electrical SUV begins from $55,900 plus on-road prices, whereas the singe motor Normal Vary Ioniq 5 is now $67,800.
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The mid-spec all-wheel drive Tesla Mannequin Y is $69,900, whereas the most cost effective AWD Ioniq 5 is the $83,500 Dynamiq.
The most important hole is between the $82,900 Tesla Mannequin Y Efficiency and the startling $111,000 Ioniq 5 N. However that is unchanged because the N is the one mannequin within the vary to not climb in worth.
The Ioniq 5 turns into costlier at a time when many rival EVs have been getting cheaper, together with the Mannequin Y. Simply this week, the Renault Megane E-Tech’s current $10,000 low cost to $54,990 has been made everlasting.
The hike additionally creates extra of a spot to the $66,000 beginning worth of the Toyota bZ4X.
Hyundai is struggling to achieve a lot purchaser curiosity within the Ioniq 5 in Australia regardless of loads of optimistic opinions, Simply 541 have been offered in Australia within the first six months of 2024 in comparison with XX,XXX Mannequin Ys.
It not too long ago deserted on-line fastened pricing for each the Ioniq 5s and Ioniq 6 and now promote them via its conventional supplier community.
Extra Hyundai Ioniq 5 fashions added
Along with the worth rises there at the moment are extra worth steps, as a result of an N-Line pack has been added to the line-up.
In contrast to some Hyundai N-Line packages they denote no efficiency upgrades however add solely exterior and inside cosmetics.
Normal (merely generally known as Ioniq 5), Dynamiq and Epiq tools traces are retained, however now added to the line-up are N Line variations of the Dynamiq and Epiq RWD and AWD.
They’re the costliest fashions in every variant and add an additional $2300. Right here’s the complete 2025 Hyundai Ioniq 5 worth breakdown:
2024 Hyundai Ioniq 5 pricing
Hyundai Ioniq 5 63kWh – $69,800 (+$2300)Hyundai Ioniq 5 RWD 84kWh – $75,800 (+$2300)Hyundai Ioniq 5 Dynamiq RWD – $80,800 (+$2300)Hyundai Ioniq 5 Dynamiq RWD N-Line – $83,100Hyundai Ioniq 5 Dynamiq AWD – $85,300 (+$2300)Hyundai Ioniq 5 Dynamiq AWD N-Line – $87,800Hyundai Ioniq 5 Epiq RWD – $84,300 (+$2300)Hyundai Ioniq 5 Epiq RWD N-Line – $86,800Hyundai Ioniq 5 Epiq AWD – $88,800 (+$2300)Hyundai Ioniq 5 Epiq AWD N-Line – $91,100Hyundai Ioniq 5 N AWD – $111,000
The query now could be whether or not the Ioniq 6, can even go up in worth in when it updates later in 2024.
So what do you get in your cash with the brand new Hyundai Ioniq 5?
On the mechanical facet the headline Ioniq 5 change are bigger 63kWh and 84kWh battery packs. The smaller Normal Vary climbs from 58kWh and the Prolonged Vary from 77kWh.
The result’s longer vary between recharges however no extra energy and torque.
So the 125kW/350Nm rear-wheel drive Normal Vary Ioniq 5 climbs from 384km to 440km; the 168kW/350Nm rear-wheel drive from 507km to 570km (on essentially the most environment friendly 19-inch wheels) and the 239kW/605kW AWD twin motor Prolonged Vary from 454km to 500km.
Experience and dealing with has been an space the place the Ioniq 5 has copped some criticism for it behaviour on Australian roads.
Hyundai appears to have taken these criticisms to coronary heart with some substantial chassis upgrades designed to enhance dynamic high quality.
The modifications embrace upgraded physique reinforcements within the B/C-pillar and door surrounds, rear wheelhouse and underbody crossbar.
Hyundai says the elevated physique stiffness ends in improved steering response and suggestions, lowered vibration via the steering wheel, enhanced physique management and stability and improved NVH suppression.
Wait, there’s extra
The Ioniq 5 additionally upgrades to the Hyundai Auto Group’s newest ccNC infotainment system, which permits wi-fi Apple CarPlay and Android Auto connection, the Bluelink linked automobile app and over the updates.
Multimedia and instrumentation continues to be offered by way of two 12.3-inch screens, the previous now pushed by a NVIDIA CPU claimed to have 4 instances extra computing energy and 15 instances extra graphical processing energy than the previous system.
Security boosts embrace upgraded autonomous emergency braking and autonomous driving functionality, smarter navigation and parking help.
Beauty updates embrace new 19- and 20-inch alloy wheel designs for the usual and Dynamiq grades, whereas the Epiq provides LED headlights that may selectively swap off to keep away from blinding oncoming drivers.
There are new bumpers, a revised entrance skid plate and rear spoiler and flat aluminium badging. A rear windscreen wiper is a a lot appreciated addition
Contained in the centre console has been revised to permit simpler entry to seat heating and air flow controls utilizing bodily buttons.
The steering wheel, instrument cluster bezel, multimedia display screen, and seat sample are all revised.
N-Line upgrades
N Line exterior tools consists of unique entrance and rear bumpers, gloss black mirror caps, body-coloured cladding and wheel arches, an unique 20-inch wheel design, a novel hidden lighting signature and flat aluminium N Line badging.
N-Line inside options embrace eco-processed Alcantara and leather-appointed seats in black, a semi-punched leather-based steering wheel, purple stitching and accents and metallic pedals and footrest.