Hyundai slashes Ioniq 5 entry price for MY24

HYUNDAI had dropped the entry worth to its Ioniq 5 electrical SUV vary by $7500 as a part of a 2024 mannequin 12 months replace that’s obtainable to order now from $64,500 earlier than on-road prices.

That opening ticket buys a brand new ‘Normal Vary’ variant with 58KWh battery pack and 125kW rear motor delivering a 384km WLTP vary determine, whereas an additional $6000 upgrades to the 77.4KW battery and 168kW rear motor mixture acquainted from the outgoing Ioniq 5.

In addition to neatly undercutting the most-affordable Tesla Mannequin Y by $1000, it means extra Ioniq 5 patrons are eligible for extra state and territory subsidies, stamp obligation exemptions and different electrical car incentives that in lots of instances are restricted to fashions costing lower than $70,000.

Talking at a media briefing on the fringes of the Melbourne Electrical Automobile Present final weekend, Hyundai Motor Firm Australia COO John Kett mentioned Ioniq fashions have been on course to promote 2000 models by the top of this 12 months.

If the provision chain stars align, this determine may embrace at the least a few of the 126 Ioniq 5 N efficiency fashions that have been snapped up through the preliminary one-day pre-sale window on September 15.

Orders for the new EV briefly reopened through the course of the Melbourne occasion, the place the Ioniq 5 N was on public show alongside the common Ioniq 5 and Ioniq 6, in addition to a pre-production instance of the Kona Electrical that may launch within the coming months.

As much as the top of August this 12 months, Hyundai has bought 631 Ioniq 5s in Australia, up 51 per cent on the 418 delivered in the identical interval of 2022. Uptake of the Ioniq 6 sedan stands at 388 models because it launched in March this 12 months, giving each fashions the same month-to-month gross sales common of round 78 models.

Mr Kett mentioned an Ioniq 6 replace, more likely to arrive in 2024, would replicate the broader variant combine and decrease entry pricing of its boxier sibling, which together with the Kona Electrical, will “make a fairly important impression on our EV penetration for subsequent 12 months”.

With former mid-spec Ioniq 5 Techniq variants deleted, former entry-level Dynamiq trim strikes up the vary stroll whereas gaining the choice of a twin motor, all-wheel drive specification at $80,500 + ORC, or $4000 greater than the rear-drive Dynamiq that omits the 74kW entrance motor.

Eponymous Ioniq 5 base fashions retain an extended commonplace gear record, supplanting leather-appointed seat upholstery to a mixture of wool and leather-based whereas omitting the Dynamiq’s head-up show, hands-free energy tailgate, rear privateness, alloy pedals and sliding centre console. The bottom mannequin additionally makes do with a six-speaker audio system slightly than the Dynamiq’s eight-speaker Bose premium setup.

Those that need all of the trimmings however with out dual-motor efficiency can now go for a rear-drive Epiq at $79,500, a saving of $4500 over the 239kW AWD model, which has dropped in worth by $981 for MY24.

Epiq grade provides a set panoramic glass roof with power-operated sunshade, power-adjustable seats entrance and rear with place reminiscence, premium ‘leisure’ entrance seats with air flow, heated rear seats, rear door sunshades and a heated steering wheel.

A brand new Epiq-only digital mirror possibility pack permits 100 per cent camera-based rear imaginative and prescient by way of door-mounted pods instead of the wing mirrors and an inside mirror that may change between common self-dimming or digicam projection operation, for $3000.

The outside vehicle-to-load adaptor is now not included with any variant and turns into an adjunct obtainable at sellers for further value. Nevertheless, all Ioniq 5 variants retain the inside vehicle-to-load outlet.

Hyundai says it made digital mirrors non-obligatory on the top-spec Ioniq 5 because of buyer suggestions whereas upgrading the system to incorporate the inside central digital mirror.

The corporate has additionally upgraded thermal administration throughout the Ioniq 5 vary, that means all variants get the beforehand Epiq-only warmth pump system plus battery heating and battery conditioning for larger power effectivity.

On its 19-inch wheels with 235/55 Michelin Primacy 4 tyres, a base Ioniq 5 with the larger battery has a 507km WLTP-rated vary, dropping to 476km on rear-drive Dynamiq and Epiq variants that now each have 20-inch alloys inside 255/45 Michelin Pilot Sport EV rubber.

Vary for dual-motor variants is 454km (WLTP). Solely the entry-level Ioniq 5 is out there with the smaller battery pack.

Moreover digital mirrors, the only Ioniq 5 possibility is matte paint, supplied on Dynamiq and Epiq variants for $1000.

2024 Hyundai Ioniq 5 pricing*:

 *Excludes on-road prices.