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Hyundai Ioniq 5 pricing announced, less than Tesla Model 3

  • May 10, 2021
  • 2 minute read
  • Bridie Schmidt & Sophie Vorrath
ioniq 5
Source: Hyundai
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Hyundai has revealed UK pricing and specifications for the Ioniq 5, its first electric vehicle built on a dedicated platform – and it will start from £36,995 ($A66,143 converted) on the road, a good £4,000 ($A7,150) pounds less than the Standard Range Plus Model 3.

It will be available in three trims, starting with the rear-wheel drive SE Connect which comes with a 58kWh battery, offering a combined range of 386km and the basic trimmings.

The next level up is the Ioniq 5 Premium 58kWh rear wheel drive ( from £39,295, or just over $A70,000 converted), which builds on the SE Connect by adding luxuries like heated driver and front passenger seats and steering wheel, and boosted safety features like Highway Drive Assist Level 2 with automatic lane change function.

Importantly, the Premium also adds the option of the much talked about Vehicle 2 Load pack (V2L), which allows for charging high-power electric equipment, consumer electronics or even another electric vehicle. The Premium is also available with the 73kWh battery in rear wheel and all-wheel drive.

Finally, there is the Ioniq 5 Ultimate 58kWh rear wheel drive, which adds such high-spec features as solar and privacy glass, heated rear seats, BOSE premium sound system, head up display with augmented reality, standard Vehicle 2 Load (V2L), sliding centre console and alloy pedals.

The Ultimate specification is also available with the 73kWh battery in rear wheel and all-wheel drive, both of which upgrade to 20” alloy wheels. The top cost for the Ultimate is roughly $A86,000, which includes the bigger battery and the all-wheel drive.

According to Hyundai UK, the Ioniq 5’s 73kWh battery pack offers a range of up to 482km with rear wheel drive, or 461km with all-wheel drive.

So what will the costs look like Australia? EV Central thinks the UK pricing makes it look a little more likely the Ioniq 5 will cost less than the base version of the Tesla Model 3 – although it would have to be competitve, considering last month’s up-to $A4,000 price drop in Australia.

As The Driven reported then, the Model 3 Standard Range Plus dropped to $62,900, while the Long Range variant also dropped by $4,000 down to $77,900. The Performance variant now costs $89,900, a more modest drop of $1,000.

Whatever the cost, the addition of the Ioniq 5 with its three variants and two battery size options will be very welcome in the Australian market and at a very welcome price that, on most counts, will come in under the equivalent version of the popular Model 3.

Check out our Models pages for news and analysis, reviews and road trips on this and all EV models currently or soon to be available in Australia.
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