2022 Hyundai Ioniq 5 EV Price

The 2022 Hyundai Ioniq 5 starts at a competitive $39,950 for the base model but can go up to $55,745 for the top-tier Limited Long Range EV.
Written by Mariza Morin
Reviewed by Kathleen Flear
Aug 11, 2022
The new kid on the electric block is none other than the award-winning 2022 Hyundai Ioniq 5—which starts at a decent price point of $39,950.  
Hyundai
unveiled its first all-electric compact SUV for 2022: the Ioniq 5 EV. But this is only the beginning as several more Ioniq electric vehicles are on the horizon. And so far, the Ioniq 5 has proven itself worthy of competing with the electric big boys as the all-new EV has already won three awards—including the 2022 World Car of the Year at the World Car Awards. 
Ready to see why the Ioniq 5 is such a winner?
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2022 Ioniq 5 EV pricing information

Pricing for the 2022 Ioniq EV starts at $39,950 for the base SE Standard Range. But the brand-new Hyundai EV comes with three additional trim levels, including the SE at $44,000, SEL at $46,250, and $55,745 for the top-tier Limited Long Range model. 

What is the cheapest Ioniq 5 EV?

The most affordable Ioniq 5 EV is the SE Standard Range. This base rear-wheel drive model features a single electric motor that produces 168 horsepower, 258 lb-ft of torque, and 220 miles of driving range. It also includes: 
  • DC fast-charging capability (up to 350 kW)
  • 12.3-inch touchscreen with a navigation system
  • Keyless entry and push-button start
  • 19-inch alloy wheels
  • Dual-zone automatic climate control
  • Leather-wrapped steering wheel
  • Heated front seats

Is an Ioniq 5 EV worth it?

The 2022 Ioniq 5 EV is relatively affordable compared to other all-electric compact SUVs on the market right now. For example, the 2022
Ford
Mustang Mach-E EV starts at $43,985 while the 2022
Volkswagen
ID.4 starts at $41,230. But, is the brand-new Ioniq 5 EV worth the cost? 
The answer will depend on what you’re looking for in an electric vehicle. If you’re in the market for a quick and practical EV with a spacious interior, along with a generous amount of high-tech features and an above-average driving range for daily commuting, then the Ioniq EV might be worth a closer look. 
Whether or not the Ioniq 5 is right for you depends on your personal preferences, but the all-electric compact SUV is most certainly a winner among the experts. If you still need help making a final decision, let’s take a closer look at a few more important features this brand-new EV has to offer.
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What is the horsepower of an Ioniq 5 EV?

The base Ioniq 5 EV model, paired with a standard-range battery, a single electric motor, and rear-wheel drive, can generate up to 168 horsepower
But with the long-range battery, this configuration gets bumped up to 225 horsepower and 258 lb-ft of torque with a 7.4-second 0-to-60 time. If you really want to get things moving, opt for the all-wheel drive Ioniq 5 EV model that cranks out 320 horsepower, 446 lb-ft of torque, and can soar from zero to 60 mph in just 4.5 seconds

What is the range of the Ioniq 5 EV?

When equipped with the standard 58.0 kWh battery pack, the 2022 Ioniq 5 provides 220 miles when fully charged. But when paired with the larger 77.4 kWh battery pack, you’ll get up to 256 miles with the dual motor and 303 miles with the single motor. 

Is the Ioniq 5 EV reliable? 

The 2022 Hyundai Ioniq 5 has yet to receive any reliability scores from J.D. Power or crash test results from either the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS).,
However,
Consumer Reports
has predicted that the latest Ioniq 5 EV is expected to have an average reliability score compared to other new cars. That said, the compact SUV already has one recall under its belt due to a software error that would make the parking brake disengage, potentially causing the vehicle to roll away.  

How to optimize car insurance coverage for any vehicle

Regardless of whether you go with the Hyundai Ioniq 5 or another EV competitor, you can easily optimize your current insurance coverage in less than one minute with licensed insurance broker super app
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by your side. 
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With Jerry, it’s all about saving you time and money. On average, Jerry customers save over $800 a year on car insurance when they make the switch! 
“Because I have a luxury car, I was more interested in finding better coverage than the exact price.
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