Hyundai Ioniq 5 Will Come with In-Car Payment Capabilities
Find out if you’re getting ripped off on your car insurance in less than two minutes.
No long forms · No spam · No fees
In-car payment systems will be available in the new Hyundai Ioniq 5 crossover. The electric vehicle (EV) will allow drivers to find and pay for parking, food, and EV charging.
The system allows customers to access the amenities they typically find on their smartphones, and will provide another way for automakers to generate revenue. Hyundai is set to release the new electric Ioniq 5 for North America in fall 2021.
The Hyundai Ioniq 5 builds off of a previous model
The Ioniq name might ring a bell because it’s already well-known in the auto industry. It’s the name Hyundai gave to its ultra-modern hatchback during its introduction in 2016. At that time, the car came in three versions: plug-in hybrid, hybrid, and electric.
According to Autoevolution, one of its main competitors was the Toyota Prius. The Ioniq took what consumers liked about the Prius and tried to improve on those features. The Ioniq was also the first car, at the time, designed and engineered from the beginning to come in three different variants.
Now, during the car's fifth model year, the Korean automaker has decided to introduce an electric Ioniq 5. The new compact SUV will pack some innovative features like the new in-car payments system.
How does the in-car payments system work?
According to TechCrunch, the in-car payments system works through Bluelink; a connected car system that allows drivers to control vehicle functions and services. Hyundai will offer the system for free for the first three years. After this, customers will have the option of paying for a monthly subscription.
The payments system will launch with ParkWiz, Chargehub, and Dominoes. This system was one of numerous other fresh features unveiled during the Ioniq 5's debut in North America.
There will be three Bluelink packages available which will cover areas such as remote climate control, vehicle maintenance alerts, destination search, and locking and unlocking. Users will also have an option to connect Bluelink to their smartphone's Google Assistant feature.
The carmaker's spokesperson said that the company will continue to add more merchants via the Xevo Marketplace platform. As the car payments system expands, it will include other companies under the parking, food, charging, and coffee-on-the-go categories.
Electric vehicles will continue to evolve
TechCrunch reported that the Ioniq 5 is Hyundai's first dedicated EV manufactured on the new Electric-Global Modular (E-GMP) platform. The platform is also the foundation of the new Kia EV6.
As reported by Car and Driver, EVs manufactured on E-GMP can generate as much as 600 horsepower. They can also go from zero to 60 mph in less than 3.5 seconds, and reach up to 161 mph.
Hyundai R&D president Albert Biermann said that the E-GMP platform will help expand Hyundai's "technological leadership into segments where customers demand excellent driving dynamics and outstanding efficiency."
E-GMP also supports bi-directional charging. This allows drivers to power their household appliances or electronics from their EV during a power outage, or even charge another EV.
Are you considering purchasing an EV, but worried about expensive insurance rates? Jerry is here to help.The free AI-powered app will help you compare rates from 45 top insurance companies so you can get the best coverage for the best price.