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March 2024: Updated 2025 Ioniq 5 revealed
Hyundai’s big Ioniq 5 electric SUV will welcome a sports-styled N Line grade this year, arriving in Australia from around the middle of 2024.
October: Ioniq 5 N finally available to order
Following an initial pre-order period announced in September, the hero Ioniq 5 N is now properly on sale in Australia.
See full pricing and features at the linked story below.
September: Ioniq 5 gets a cheaper entry model
Hyundai has announced a minor model year update for the 2024 Ioniq 5 electric SUV – the biggest news is a 384km driving range base variant that starts at $64,500 before on-road costs aiming directly at Tesla’s best-selling Model Y.
Snapshot
- Revamped Ioniq 5 range now starts under $65K for 384km range
- Heat pump and battery conditiong fitted to every grade
- No major visual changes; digital mirrors optional
- Dynamiq RWD price up by $4000
The new Ioniq 5 is priced line-ball with the rear-drive Model Y (also $64,500) and, although the Tesla offers 71km more WLTP range, the larger Hyundai hits back with a greater amount of cabin space.
The new Ioniq 5 base variant is also available with the larger battery for $70,500, undercutting the old Dynamiq by $1500. Pricing moves up by $4000 for the new Dynamiq, with the Epiq now $981 less owing to the digital mirrors becoming optional. Meanwhile, the mid-spec Techniq has been dropped entirely.
Visually, the Ioniq 5 continues unchanged after its late 2022 update when new alloy wheels and digital mirrors became available along with the larger 77.4kWh battery pack. For 2024, the range swells from three to six variants, when ignoring the high-performance Ioniq 5 N.
“An enhanced line-up for 2024 Ioniq 5 makes our multi-award-winning EV even more appealing and accessible to customers, accelerating progress towards our vision for clean mobility,” said Hyundai Motor Company Australia CEO, Ted Lee.
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Hamstrung thus far by limited production, Hyundai’s medium SUV is currently the 10th best-selling electric vehicle with 526 registrations so far this year. It sits behind its Kia EV6 platform relation (702), and a long way adrift of the Model Y (17,332).
The other motivation for a more affordable entry model is to take advantage of various state government subsidies and stamp duty exemptions. With added impetus from a more affordable entry grade and help from home base in South Korea, Hyundai has a goal of hitting 6000 electric vehicle sales in Australia by the end of 2024.
JUMP AHEAD
- 2024 Hyundai Ioniq 5 pricing
- 2024 Hyundai Ioniq 5 specifications
- Safety
- Power, batteries and driving range
- Availability
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2024 Hyundai Ioniq 5 pricing
| Variant | Pricing (before on-road costs) | Price change |
|---|---|---|
| Ioniq 5 RWD 58kWh | $64,500 | (new model) |
| Ioniq 5 RWD 77.4kWh | $70,500 | (new model) |
| Ioniq 5 Dynamiq RWD 77.4kWh | $76,000 | Up $4000 |
| Ioniq 5 Epiq RWD 77.4kWh | $79,500 | (new model) |
| Ioniq 5 Dynamiq AWD | $80,500 | (new model) |
| Ioniq 5 Epiq AWD | $84,000 | (Down $981) |
| Ioniq 5 N | $111,000 | (new model) |
| Digital mirror package (Epiq only) | $3000 | N/A |
| Matte paint | $1000 | N/A |
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2024 Hyundai Ioniq 5 specifications
| Hyundai Ioniq 5 features | |
|---|---|
| 19-inch Alloy wheels | 235/55 Michelin Primacy 4 tyres |
| Heat pump | Battery heating system with pre-conditioning function |
| Auto LED tail and rear combination lights with highbeam assist | Column-mounted shifter |
| Paddle shifter for regenerative braking | Smart key with push-button start |
| Remote start via phone smart key | Heated and power-folding side mirrors |
| Automatic wipers | Satin chrome door and bumper trim |
| Sliding glovebox – 9.4L capacity | Acoustic laminated side window and windscreen glass |
| Wool yarn/eco-processed leather upholstery | Cloth knit headlining |
| 12-way power adjust driver's seat | 6-way manual passenger |
| Six-speaker sound system | 12.3-inch touchscreen |
| Wired AppleCarPlay and Android Auto | Qi wireless charging pad |
| 12.3-inch digital driver's display | Dual-zone climate control |
| Adjustable LED ambient lighting | 2 x 12V socket (front and cargo area) |
| 4x USB charging ports | Sliding centre console |
| Virtual engine sound system | Vehicle-to-load (V2L) function |
| Rear air vents | 60:40 fold back seats with recline and slide |
| Cabin air filter | 527L boot + 57L under bonnet storage |
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| Hyundai Ioniq 5 Dynamiq features, in addition to base | |
|---|---|
| 20-inch alloy wheels w/ Pilot Sport EV tyres | Luggage net |
| Satellite navigation | Alloy pedals |
| Eight-speaker Bose sound system | Heated steering wheel |
| Heated front seats | Eco-leather upholstery |
| Augmented reality head-up display | Power-operated tailgate |
| Hyundai Ioniq 5 Epiq features, in addition to Dynamiq | |
|---|---|
| Premium ‘relaxation’ front seats with heating, ventilation, memory | Heated and power-adjustable rear seats |
| Rear door sunshades | Vision panoramic sunroof |
| Heated steering wheel | Rear door sunshades |
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Safety
As before, all five-star ANCAP rated Ioniq 5 variants are fully featured when it comes to safety technology – not something that can be said for rivals such as the Polestar 2 and Tesla Model Y which require option boxes to be ticked for a full complement of driver assistance features.
Additionally, for the MY24 update the Epiq does without camera mirrors as standard. Instead, a $3000 pack includes the camera side mirrors as well as a new digital interior rear-view monitor that provides a wider 50-degree view of the road behind.
| Hyundai Ioniq 5 safety features | |
|---|---|
| Adaptive cruise control with stop & go | Lane trace/lane follow assist |
| Driver attention monitoring | Rear cross-traffic alert with braking |
| Leading vehicle departure alert | Foward AEB with car, pedestrian, cyclist |
| Safe-exit assist | Junction and turning AEB |
| Rear occupant alert | Blind-spot monitoring |
| Evasive steering assist | Blind-spot view camera |
| Intelligent speed limit assist | 360-degree surround-view monitor |
| Automatic parking with remote function | Front and rear parking sensors |
| Low-speed reverse AEB | Automatic high-beams |
| Tyre pressure monitoring | Seven airbags |
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Power, batteries and driving range
Available overseas since 2021, the new Australian base model Ioniq 5 features a rear-mounted 125kW/350Nm motor paired with a 54kWh (58kWh gross) lithium-ion battery pack.
The rated WLTP driving range is 384km from a charge and it’s capable of hitting 100km/h from rest in around 8.5 seconds. With the E-GMP platform’s 800-volt electric architecture, rapid charging from 10-80 per cent takes 17 minutes in the smaller battery.
All other Ioniq 5 variants retain the 74kWh (77.4kWh gross) battery, good for between 454km (AWD Epiq) and 507km (RWD Dynamiq) of driving range in the WLTP cycle. Taking the per centage from 10-80 takes 18 minutes for the bigger battery Ioniq 5.
Vehicles fitted with the larger battery get more power – the rear-wheel drive gets 168kW and the same 350Nm torque figure for a 0-100km/h sprint in 7.3 seconds. The all-wheel drive models get a second 74kW motor mounted on the front axle for combined outputs of 239kW and 605Nm for a 5.1-second standard sprint.
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Availability
The updated Ioniq 5 has been announced, but Hyundai has yet to confirm when customer deliveries will begin in Australia.
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