Hyundai is on a roll: In October, the South Korean manufacturer posted its best-U.S. sales ever, largely driven by sales of its popular Ioniq 5 electric SUV.
Now all eyes are on the Ioniq 5’s 2025 model, which is set to become available at dealerships before year end. As Digital Trends previously reported, the crossover model adds a more rugged-looking trim level called XRT, provides additional driving range, as well as new charging options.
Hyundai just released the Ioniq’s 5 new pricing, which starts at $43,975. The basic Ioniq 5 SE model comes with a larger 63 kilowatt-hours (kWh) battery pack, up from 58 kWh, as well as an extended driving range of 245 miles, up from 220 miles.
While the new model is $790 more expensive than the current one, that’s without counting a federal tax credit of $3,750 with purchase and $7,500 with lease.
The 2025 Ioniq 5 is the first model to come out of Hyundai’s brand new plant in Georgia. Under the Biden administration’s Inflation Reduction Act (IRA), EVs whose key components are made in the U.S. are eligible for a $7,500 tax incentive upon purchase or signing of a lease agreement. It’s yet unclear as to why only half of the incentive applied to the purchase here.
The new Ioniq 5 will also be the first to feature Tesla’s North American Charging Standard (NACS) port. A year ago, Hyundai decided to incorporate NACS in addition to the combined charging system (CCS).
Using a Tesla SuperCharger, the basic model can charge the battery from 10% to 80% in 24 minutes.
Up the pricing ladder, the Ioniq 5 SE RWD comes at a starting price of $48,025. Its larger 84 kWh battery extends the driving range up to 318 miles.
Next up are the all-wheel drive models, the SE Dual Motor and SEL Dual Motor, priced at $51,975 and $54,475 respectively. The Ioniq 5 Limited Dual Motor, meanwhile, is the most expensive model with a starting retail price of $59,574.