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Hyundai is launching its first electric vehicle on a dedicated platform – the Ioniq 5 compact crossover – with aggressive pricing to match its ambitious styling.
The first batch will go on sale in the United States at the end of December.
The standard SE lineup, with 168 hp and 220 miles of EPA range, starts at $ 40,925, including shipping. The base version won’t be available until spring 2022, Hyundai said on Monday.
The standard SE range is delivered with a single motor driving the rear wheels. At launch, the base is the only trim in the US to have the smallest 58-kilowatt-hour battery.
Hyundai electric vehicles are eligible for the US federal tax credit of up to $ 7,500, plus state and local incentives.
The Ioniq 5 SE trim with the largest 77.4 kWh battery and 303 miles of range starts at $ 44,875, with shipping included. This model also has an engine driving the rear wheels, but increases power to 225 horsepower.
The SE trim with two engines and all-wheel drive starts at $ 48,375 with shipping. Horsepower drops to 320 horsepower and range drops to 256 miles, Hyundai said.
The mid-level SEL trim starts at $ 47,125 with shipping for the single-engine version. Adding awd adds $ 3,500 to the sticker. The Limited starts at $ 51,825 with shipping and the dual-engine Limited starts at $ 55,725.
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