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2023 Hyundai Ioniq 5 Gets More Range, Equipment, $1,500 Price Increase

2022 Hyundai Ioniq 5 2022 Hyundai Ioniq 5 | Manufacturer image

Hyundai didn’t want to trample on the all-electric Ioniq 5 SUV’s success and has made light updates for 2023 that include more range for all-wheel-drive models and increased towing capacity. The updates naturally also come at a significant price hike, with the latest Ioniq 5 starting some $1,500 more than the 2022 model at $42,745 (includes destination).

Related: Hyundai Ioniq 5 Vs. Tesla Model Y: Functional Vs. Funky

More Range and Features Add Depth

Hyundai chose to focus the bulk of its 2023 updates on shuffling equipment and extending the battery’s range. This range extension is part of a broader suite of updates that Hyundai has done to the battery pack for 2023. A newly standard battery preconditioning feature allows the Ioniq 5 to prepare the pack for time on a DC fast-charging system, while the battery heater is now a standard feature on all Ioniq 5 models.

Hyundai also extracted 10 more miles of range for AWD variants, up to 266 miles between charges and 113/90/101 mpg-equivalent city/highway/combined, according to the automaker. The rear-wheel-drive only SE Standard Range model continues into the new model year with an estimated 220 miles of range; RWD versions of the SE, SEL and Limited offer up to 303 miles.

In addition to the improved range, Hyundai also shuffled some of the Ioniq 5’s equipment with LED projector headlights and front accent lighting now exclusive to the Limited trim.

Pricing and Release Date

The 2023 Ioniq is available now in select states. Full pricing is as follows:

  • SE Standard Range: $42,745
  • SE: $46,795
  • SEL: $48,745
  • Limited: $53,895

RWD is standard on the SE Standard Range trim, and AWD is available for the rest of the lineup for an additional $3,500 ($3,900 extra for the Limited).

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