Hyundai Australia reshuffles Ioniq 5 lineup, specs and updates prices

    Hyundai has made quite a few changes to it’s Australian 2024 IONIQ 5 electric line-up, some which will make fans happy and others which won’t.

    Most of the 2022 model Ioniq 5 range show as sold out on the Hyundai Australia website but those eligible that remain in stock are marked as getting 2 years free servicing as a special offer until 30th September 2023.

    On the plus side

    • all versions now include a heat pump, battery heating system and battery conditioning as standard which means better efficiency, faster high end DC charging and better driving range especially in colder weather.
    • Australia finally has the option of the less costly smaller battery version (58 kWh) which has been available overseas for several years.
    • The mid and top level DYNAMIQ and EPIQ versions now give buyers the choice of RWD or AWD.

    On the minus side the:

    • fine print of the press release says “Outside Vehicle To Load (V2L) adapter available as an accessory”. I think removing it from being a standard inclusion is a mistake as V2L is a clear point of difference from Tesla.
    • Dynamiq RWD has risen in price by $4000, if you’ve already bought one and don’t live in an area with cold winters that can benefit from a heat pump and battery heating, you scored a great deal
    • new Ioniq 5 base 58 kWh version only has a relatively short WLTP range of 384km. Sure the inclusions and exterior design are great but is it good value for $64,500 (plus on roads) compared to cheaper Chinese cars or the Tesla Model Y which can go ~70km further?

    Personally I think the most value for money version is the new IONIQ 5 base model extended range at $70,500 plus onroads.

    Drawing on customer feedback digital mirrors, and new digital centre rear-view mirror are now offered as an option for EPIQ version as part of the newly introduced $3000 Digital Mirror Package.

    The full-display digital centre rearview mirror uses a separate rear camera to give the driver a clear view behind the vehicle, without the obstruction of passengers, cargo or even heavy rain.

    The DCM provides a 50-degree rear view angle, which is substantially greater than the 20-degree rear view angle of a conventional rearview mirror, and underpins greater safety when reversing.

    The DCM reverts to a conventional electrochromic mirror (ECM) with the flick of a lever, can be adjusted for view height and brightness, and automatically lowers the image (along with the dipping side mirrors) when reversing, for a seamless experience.

    The 2024 IONIQ 5 base version also sees the debut of a new interior, with seats upholstered in a combination of “eco-friendly” wool blend yarn, paired with eco-processed leather bolsters.

    The Australian-sourced 30% wool yarn and polyester blend seat coverings reduce CO2 in the production process by up to 24% compared to conventional polyester seat coverings.

    Pricing & Lineup

    Powertrain Battery Transmission IONIQ 5 DYNAMIQ EPIQ
    125kW 2WD 53kWh Reduction gear – rear $64,500
    168kW 2WD 77.4kWh Reduction gear – rear $70,500 $76,000 $79,500
    239kW AWD 77.4kWh Reduction gear – rear & front $80,500 $84,000



    Neerav Bhatt
    Neerav Bhatt
    Thanks to his broad general knowledge, research skills and ability to explain complex issues Neerav Bhatt has appeared in the online, print, radio and TV media including: ABC (Online, TV, Radio), SBS (Online, Radio), BBC World Service (Radio), 10 News TV, Sky News TV, Australian IT, Technology Spectator, Ausdroid, iTnews, APCMAG, IDG CSO and a variety of other publications. In 2023 he joined the techAU team and represents them at Sydney events.

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