2024 Hyundai Ioniq 5 price and specs

You can now buy the Ioniq 5 at Hyundai dealerships, but it's $2500 more expensive than before.

11 Months Ago

Scott Collie

Scott Collie

Hyundai has increased prices of its Ioniq 5 ahead of a mid-life update due around mid-year.

After slashing the cost of entry by $7500 in September 2023 and then slightly increasing the price of some models by $500 in December, Hyundai has increased prices by $2500 on all variants – apart from the N, which we’ve covered separately.

UPDATE, 19/06/2024 – Hyundai has confirmed price increases for the Ioniq 5 for 2024. We’ve updated this article and brought it forward.

The price rises, which came into effect on May 1, coincide with a change in the sales process. You’re now able to order an Ioniq 5 through more than 100 Hyundai dealerships that sell electric vehicles (EVs).

The Ioniq 6 is also now available for purchase through these dealerships, though it’s only been subject to a $1000 price increase.

Previously, the Ioniq 5 and Ioniq 6 were only sold online.

For 2024, the Ioniq 5 received a heat pump HVAC system, along with battery heating and pre-conditioning. The new features are designed to make the Ioniq 5 more efficient in a broader range of conditions.

Hyundai said last year that, due to stronger supply, it expected to sell up to 4000 cars with Ioniq badges in 2024, around two third of which will be the Ioniq 5.

To the end of May, it has sold 477 Ioniq 5s and 199 Ioniq 6s.

Pricing

Model	Price
Hyundai Ioniq 5 Standard Range RWD	$67,500 (+$2500)
Hyundai Ioniq 5 Extended Range RWD	$73,500 (+$2500)
Hyundai Ioniq 5 Dynamiq Extended Range RWD	$78,500 (+$2500)
Hyundai Ioniq 5 Epiq Extended Range RWD	$82,000 (+$2500)
Hyundai Ioniq 5 Dynamiq Extended Range AWD	$83,000 (+$2500)
Hyundai Ioniq 5 Epiq Extended Range AWD	$86,500 (+$2500)

All prices exclude on-road costs.

Drivetrains

	Powertrain	Power	Torque
Standard Range RWD	Single-motor rear-wheel drive	125kW	350Nm
Extended Range RWD	Single-motor rear-wheel drive	168kW	350Nm
Extended Range AWD	Dual-motor all-wheel drive	239kW	605Nm

Efficiency

	Battery	WLTP range
Standard Range RWD	53kWh li-ion	384km
Extended Range RWD	77.4kWh li-ion	507km (19-inch wheels) 476km (20-inch wheels)
Extended Range AWD	77.4kWh li-ion	454km

Across the range, the Ioniq 5 features V2L technology that allows owners to run home appliances off the charge port using an adapter. There’s also a three-pin plug in the rear that means passengers can charge laptops using the car’s battery.

The e-GMP platform supports DC fast charging at up to 230kW using a 350kW public charger.

Dimensions

	Hyundai Ioniq 5
Length	4635mm
Height	1605mm
Width	1890mm (excluding mirrors)
Wheelbase	3000mm
Boot space	527L
Under-bonnet storage	57L (RWD models) 25L (AWD models)

The Ioniq 5 also has a 9.4L sliding glovebox.

Servicing and Warranty

The Ioniq 5 is backed by a five-year, unlimited-kilometre vehicle warranty plus an eight-year, 160,000km high-voltage battery warranty.

Servicing is required every 24 months or 30,000 kilometres, whichever comes first. The first three services are capped at $610, $1175 and $610, respectively.

Safety

The Hyundai Ioniq 5 has a five-star safety rating from ANCAP, which is based on testing conducted in October 2021.

It earned its five-star rating on back of a 88 per cent score for adult occupant protection, 87 per cent for child occupant protection, 63 per cent for vulnerable road user protection, and 89 per cent for safety assist.

Standard safety equipment across the Ioniq 5 range includes: