Hyundai Ioniq 5 Price Guide: Exploring the Cost of Hyundai’s Electric Vehicles
Hyundai has made significant strides in the electric vehicle market, offering a range of models designed to cater to different budgets and preferences. The Ioniq 5, in particular, has garnered attention for its competitive pricing, advanced features, and impressive range. As of 2025, the base model of the Ioniq 5 starts at approximately $41,000, while higher trims with additional features can exceed $56,000. Hyundai also offers leasing options, making it easier for buyers to transition to electric without a hefty upfront cost.
Hyundai Ioniq 5 Pricing Breakdown
The Ioniq 5 is available in three primary trims: SE, SEL, and Limited. The SE trim, starting at $41,000, includes essential features such as a 58 kWh battery, rear-wheel drive, and a range of 220 miles. The SEL trim, priced around $45,000, upgrades to a 77.4 kWh battery, offering a range of 303 miles. The Limited trim, the most premium option, starts at $56,000 and includes luxury features like a panoramic sunroof, premium audio system, and advanced driver-assistance systems. Buyers can also opt for all-wheel drive, which adds approximately $3,500 to the base price. Hyundai frequently offers promotional financing rates and lease deals, making the Ioniq 5 an attractive option for budget-conscious buyers.
Comparison of Hyundai Electric Models
| Model | Starting Price | Range | Battery Size |
|---|---|---|---|
| Ioniq 5 SE | $41,000 | 220 miles | 58 kWh |
| Ioniq 5 SEL | $45,000 | 303 miles | 77.4 kWh |
| Ioniq 5 Limited | $56,000 | 303 miles | 77.4 kWh |
| Kona Electric | $34,000 | 258 miles | 64 kWh |
Incentives and Long-Term Savings
One of the most compelling reasons to consider a Hyundai electric vehicle is the potential for long-term savings. Federal tax credits can significantly reduce the purchase price, while state incentives may include rebates, reduced registration fees, or access to carpool lanes. Electricity costs for charging an EV are typically lower than gasoline expenses, resulting in additional savings over time. Hyundai also offers a comprehensive warranty for its electric vehicles, including an 8-year/100,000-mile battery warranty, providing peace of mind for buyers.
Future of Hyundai Electric Vehicles
Hyundai continues to expand its electric vehicle lineup, with plans to introduce more models in the coming years. The Ioniq 6, a sleek electric sedan, is expected to join the lineup soon, offering another option for buyers. Hyundai’s commitment to sustainability and innovation ensures that its electric vehicles will remain competitive in terms of pricing, features, and performance. As battery technology improves and production scales up, prices for electric vehicles are likely to become even more accessible.
For more information, visit Hyundai’s official website or consult a local dealership for the latest pricing and incentives.