Hyundai is launching its first electric vehicle on a dedicated platform — the Ioniq 5 compact crossover — with aggressive pricing to match its ambitious styling.
The first batch will go on sale in the U.S. in late December.
The SE standard range, with 168 hp and 220 miles of EPA range, starts at $40,925, with shipping. The base version will not be available until spring 2022, Hyundai said Monday.
The SE standard range comes with a single motor driving the rear wheels. At launch, the base is the only trim in the U.S. to have the smaller, 58 kilowatt-hour battery pack.
Hyundai EVs are eligible for the U.S. federal tax credit up to $7,500, plus state and local incentives.
The Ioniq 5 SE trim with the larger 77.4-kWh battery and 303 miles of range starts at $44,875, with delivery fees. That model also has one motor driving the rear wheels, but raises output to 225 horsepower.
The SE trim with two motors and all-wheel drive starts at $48,375 with shipping. Power rises to 320 horsepower and range falls to 256 miles, Hyundai said.
The mid-level SEL trim starts at $47,125 with shipping for the single-motor version. Adding awd adds $3,500 to the sticker. The Limited starts at $51,825 with shipping and the dual-motor Limited starts at $55,725.