The Hyundai Ioniq 5 has solidified its position as one of the most popular all-electric car models in the United States, boasting over 28,000 sales through October of this year. The 2024 model year maintains its appeal, albeit with minimal technical alterations, primarily featuring new safety and convenience features.
While the 2024 model is considered a carry-over, a slight adjustment in pricing is notable. The entry-level 2024 Hyundai Ioniq 5 SE, equipped with a Standard Range battery (58 kilowatt-hours) and a rear-wheel drive powertrain (125 kilowatts), starts at an MSRP of $41,650 (plus $1,335 destination charge). This reflects a modest $200 increase compared to its 2023 counterpart.
Similarly, the SE trim with a 77.4-kWh battery sees a $200 price bump, with prices starting at $45,700 (plus $3,500 for the all-wheel drive powertrain). Intriguingly, the better-equipped SEL trim begins at an MSRP of $47,250 (RWD), presenting a $200 reduction from the 2023 model year. The AWD option for the SEL trim incurs an additional cost of $3,500.
Conversely, the top-of-the-line Limited trim experiences the most significant price increase, standing at $750 more expensive with a starting MSRP of $53,350. The AWD version of the Limited trim commands a $3,900 premium and includes distinctive features such as 20-inch wheels (255/45R20), compared to the 19-inch (235/55R19) wheels on other versions.
Driving range specifications remain consistent, with the entry-level version offering an EPA Combined range of 220 miles. Rear-wheel drive versions featuring a 77.4-kWh battery achieve a rating of 303 miles, while all-wheel drive versions maintain a rating of 260 miles.
The Hyundai Ioniq 5 is equipped with a 10.9-kilowatt on-board charger, anticipated to recharge the 58-kWh battery in less than six hours (10-100%) and the 77.4-kWh battery in slightly over seven hours (10-100%). Notably, DC fast charging, from 10 to 80 percent of state-of-charge (SOC), is estimated to take just 18 minutes under optimal conditions and with an 800 V high-power charger.
In addition to the technical details, the Hyundai Ioniq 5 offers a notable feature of two years of 30-minute complimentary charging sessions on the Electrify America charging network, providing an advantageous edge compared to some competitors in the electric vehicle market.
