The range kicks off at $41,650.
While Hyundai is yet to release official 2024 pricing for its electric crossover, The Ioniq Guy on YouTube has managed to get a hold of MY 2024 pricing beforehand, giving potential buyers an idea of what to expect. The entry-level SE Standard Range will be priced at $41,650, while the SE RWD and SE AWD will retail from $45,700 and $49,200, respectively.
Customers will pay $200 more for a 2024 SE model than the outgoing derivatives. As a reminder, the Standard Range offers 220 miles of range. The RWD increases this to 303 miles, while the AWD is rated at 266 miles.
Thanks to a fine blend of style, practicality, and performance, the Hyundai Ioniq 5 is an electric vehicle we hold in high regard. Aside from the previously mentioned qualities, we appreciate the value for money it offers, and that looks set to continue.
There's some good news for those looking at the mid-spec SEL trim. The RWD is priced at $47,250, while the AWD costs $50,750. This means the 2024 SEL models are $200 cheaper than last year's model, which is a pleasant surprise.
SEL variants build on the SE's impressive specification with standard Highway Driving Assist II, wireless charging, and a heated steering wheel. It seems to be the best pick, especially with the 2024 price reduction, but unfortunately, The Ioniq Guy reports that the SEL trim level is losing a few features.
This includes power-folding side mirrors, ambient interior lighting, H-Tex (leatherette) interior upholstery, rear air vents, and even soft-touch door plastics, among other things. Hyundai is yet to announce the standard specification for MY2024, so it will be interesting to see if the SEL models arrive with considerably less equipment.
So, if you want an Ioniq 5 with all the bells and whistles, you'll have to go for the Limited grade. The MY 2024 Limited RWD will reportedly boast an MSRP of $53,350, while the AWD will be priced at $57,250. This represents an increase of $750 for the top-spec trim. There are no pricing details for the high-performance Ioniq N as yet.
Hyundai is offering some lucrative incentive deals to lure customers into the showroom. If you finance your Ioniq 5 directly through Hyundai, the automaker offers 0.99% APR. There's also a $5,000 discount on the SE Standard Range, SE, and SEL trims, while the Limited is privy to $2,000 off.
While these deals are appealing, will Hyundai fend off an attack from the Tesla Model Y? It benefits from reduced pricing and is now eligible for the full EV tax credit, making it hard to ignore when shopping for an EV.