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Hyundai Ioniq 5 EV Could Be Yours for Under $33k With Tax Credit

Hyundai IONIQ 5 top

After announcing an impressive 300-mile EPA range for the Ioniq 5, we recently learned that the Hyundai Ioniq 5 pricing starts at $39,700, lower than many expected. According to the Hyundai press release, when combined with potential Federal EV tax credits, some buyers can get the all-new Ioniq 5 EV for around $32,200.

Since being revealed nearly a year ago, Hyundai’s new EV has been hotly anticipated, and now it’s finally on the way to the United States with an aggressively affordable price point. The announcement from Hyundai Motor America confirms the EV will come in seven different configurations with three trim levels to choose from.

And while we initially thought the 300-mile range was for the base model, it looks like Hyundai will offer an even more affordable rear-wheel-drive option with a lower battery capacity to hit that impressive $39k price point. The 300-mile model costs $43,000.

Hyundai IONIQ 5 EV

The Hyundai IONIQ 5 EV will be available in the United States in early 2022 and will cost anywhere from $39,700 to $54,500, depending on which model you choose. Many buyers will be eligible for the $7,500 Federal tax credit, too.

There are seven different configurations for the Ioniq 5 and three trim packages: the SE, SEL, and Limited. As we mentioned above, the base SE (standard range) is the most affordable model, which only has a 58kWh battery and goes 220-miles on a charge. But then, you can upgrade to a bigger battery and hit that all-important 300-mile mark.

The rest of the lineup (SEL or Limited trim) comes with a big 77.4kWh battery, RWD, and an option for a dual motor add-on and upgrades to all-wheel-drive (AWD) drivetrains.

More importantly, every model of the Ioniq 5 comes with ultra-fast 800V, 350 kW charging, and still offers all the vehicle-to-load capabilities that can power your home, electronics, and other devices. All models also come with most of Hyundai’s safety features, which is good news. Additionally, buyers can pay even more for a few additional luxury add-ons and upgrades if they choose.

via Electrek

Cory Gunther Cory Gunther
Cory Gunther has been writing about phones, Android, cars, and technology in general for over a decade. He's a staff writer for Review Geek covering roundups, EVs, and news. He's previously written for GottaBeMobile, SlashGear, AndroidCentral, and InputMag, and he's written over 9,000 articles. Read Full Bio »