Hyundai reports huge interest for Ioniq 5 electric vehicle in Europe

South Korean automaker Hyundai says its limited edition Ioniq 5 Project 45 electric vehicle model over-subscribed by almost three times within 24 hours, with some 236,000 expressions of interest received since the Ioniq 5 car was unveiled on February 23.

Hyundai premiered the Ioniq 5 in a virtual event on February 23, the first model in the company’s new-look Ioniq family of cars and the company’s “new benchmark” in electric mobility.

Since then, Hyundai reports it has received over 236,000 enquiries into the Ioniq 5 from European customers so far, while the 3,000 limited units of the Ioniq 5 Project 45 was almost three times over-subscribed during the first 24 hours after reservations opened.

The news follows hot on the heels of reports that Hyundai received a record number of 23,760 pre-orders for the Ioniq 5 in its home market of South Korea.

The Ioniq 5 is the first Hyundai vehicle model to be built on the company’s new Electric Global Modular Platform (E-GMP), its dedicated architecture for battery electric vehicles.

The Ioniq 5 Project 45 will be the first Ioniq 5 produced and delivered to customers in Europe and boasts all the company’s most innovative and “eye-catching” features such as a solar roof and 20-inch alloy wheels.

The Ioniq 5 will reportedly come with a range of power electric configurations, including two battery pack options at either 58kWh or 72.6kWh, as well as two electric motor layouts, with either a rear motor only or with a front and rear motor.

On a single charge, the new battery-electric Ioniq 5 will offer a range of around 470-480 kilometres on the 72.6kWh, two-wheel-drive model. Using a 350kW charger, the Ioniq 5 will be able to charge from 10% to 80% in just 18 minutes, while 5 minutes will offer 100 kilometres of range.