2022 Hyundai Ioniq 5 EV Crossover Pricing Shows Pretty Can Be Pretty Affordable

Hyundai is serious about expanding its electric vehicle game, which kicks off in new style with the 2022 Hyundai Ioniq 5, its first dedicated EV. Having nearly all relevant information in hand (short of actually driving the 5), we were waiting on only one thing ahead of the Hyundai's appearance in dealerships: Pricing.

Hyundai just announced the 5's pricing, along with a few other U.S.-specific details on the electric crossover. First among those fresh details? The 58-kWh battery pack will come standard on the Ioniq 5, which also will be rear-wheel-drive. That entry-level 5 starts at just under $41,000 before any EV tax breaks customers might qualify for are factored in—right in line with competitors such as the Volkswagen ID4 and Ford Mustang Mach-E. Here's a quick spin through what to expect out of the box, and with the 5's three trim levels.

Impressive Standard Features

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Even if you just go with the standard-range Ioniq 5 SE—which can deliver 220 miles of total range from its 58 kWh battery—you'll still get a lot for your money. Every Hyundai Ioniq 5 has 800-volt, 350-kW ultra-fast charging capacity. At those charge rates, the larger 77.4 kWh battery charges from 10 percent to 80 percent in just 18 minutes. You'll also get unlimited 30-minute charging sessions for two years on Electrify America chargers, though a 100-percent charge (to unlock the big-battery Hyundai's full 303-mile capability) may take longer.

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The 5 will also come standard with 19-inch aero wheels, LED lighting, flush-mounted door handles that automatically pop out to greet your hand, and a hidden charge port door. Inside, you'll be treated to a 12.3-inch infotainment screen with an EV system menu, as well as Android Auto and Apple CarPlay phone integration. Hyundai's Bluelink system gives you remote access to charging and other vehicle functions from afar via a smartphone app.

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Traffic congestion on your commute? Hyundai's Highway Drive Assist 1 includes Smart Cruise Control that works in stop-and-go traffic, plus Lane Keep and Follow Assist. Forward and reverse collision assistance with cross-traffic detection on both ends and a rear view monitor with parking guidance help make parking a little easier. There is even a blind-spot assist that also works to alert occupants of incoming traffic for safer exits while street-parked.

This is all on top of Hyundai's 10 year, 100,000 mile powertrain warranty that also covers the battery. You'll also get 3 years, 36,000 miles of complementary maintenance service for any fluid changes (yes, the battery and motor are liquid cooled, and that fluid will need changing eventually) or tire rotations.

Additional Chassis Improvements

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Outside those standard features are an array of interesting technologies that come on the new E-GMP platform. You'll be able to utilize a Hyundai-designed Vehicle-To-Load (V2L) that powers small appliances, devices, and could even be used to charge over EVs if the need arises, provided you opt for the SEL and above model. You'll also get the choice of either a RWD single motor model that starts at 168 hp but you can step up to the 225 hp version. Driving the rear wheels not enough for you? Go with the dual motor AWD with a combined power of around 320 hp.

Hyundai Ioniq 5 SE Trim

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Before factoring the $7,500 EV tax credit customers might qualify for, the Ioniq 5 SE Standard Range—with 220 miles of driving range—starts at $40,925. The more powerful SE single motor (with the bigger battery) starts at $44,875 and comes in with a 303 mile range.

The SE AWD comes with a 256-mile range and dual drive motors for $48,375. You get all of the standard features mentioned above, plus standard reflector LED headlights, 235/55R19 tires, black door mirror arms, stain resistant cloth seats, and a manual rearview mirror. A pre-wired, four-pin wire trailer kit is standard only on the big-battery SE; the SE Standard Range does not get this option.

Hyundai Ioniq 5 SEL Trim

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The next step up is the Ioniq 5 SEL trim. Versions with the single, 225-hp motor driving the rear wheels start at $47,125. An additional motor for AWD brings the price up to $50,625. Outside, you're treated to the SE's standard features plus a front "V" light bar, projector LED headlights, a hands-free liftgate, power folding mirrors, and silver body cladding.

Inside, you unlock premium features such as leatherette seating, a six-way power passenger seat, wireless device charging, and front auto up and down power windows. You'll only get the heat pump on the AWD version, which more efficiently heats the cabin than electric heating. Standard safety features on the SEL include forward parking distance warning, forward collision-avoidance with cross-traffic and junction turning/crossing detection, and highway driving assist II.

Hyundai Ioniq 5 Limited Trim

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Finally, the ultimate level for the Ioniq 5 CUV, so far, is the Limited Trim. Going RWD for the full 303 mile range will cost you $51,825, but if you want more power and all four wheels driven, the pricing starts at $55,725. Either version also gets you the SE standard features plus premium exterior treatments like 20-inch wheels, unique side sills, gloss black body accents, and a panoramic fixed glass sunroof. Safety upgrades include rain sensing windshield wipers, an HUD display with AR functions, blind-spot and surround view monitor, and reverse parking collision avoidance.

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Inside, both front passengers are treated to eight way power front seats with ventilation, lumbar support, and memory but the driver gets a "relaxation" function on their seat. There is also a sliding center console armrest with storage tray, wireless device charging, and you get the V2L. The Limited is the only trim that gives rear passengers a set of adjustable rear head rests and the Bose premium eight speaker sound system.

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If you're itching to get your own Korean-made electric CUV, you won't have to wait long. The 2022 Ioniq 5 goes on sale in late December of 2021.

2022 Hyundai Ioniq 5 Pricing

• Ioniq 5 SE Standard Range: $40,925
• Ioniq 5 SE: $44,875
• Ioniq 5 SE AWD: $48,375
• Ioniq 5 SEL: $47,125
• Ioniq 5 SEL AWD: $50,625
• Ioniq 5 Limited: $51,825
• Ioniq 5 Limited AWD: $55,725