Hyundai IONIQ 5 Australian pricing announced, starting from $71,900 MLP

The IONIQ 5 in Gravity Gold Matte and Digital Teal Green. Images: Hyundai

The IONIQ 5 in Gravity Gold Matte and Digital Teal Green. Images: Hyundai

[Update] 22/9/21: Hyundai Australia has confirmed to EV Brief that some features, such as a smaller 19-inch wheel option and the head-up display with augmented reality will not be available at launch, but the company aims to bring them to Australia for model year 2022.

Two variants will be available at launch:

  • IONIQ 5 225 kW/605 Nm with Hyundai’s H-Trac AWD system - $75,900 MLP

  • IONIQ 5 160 kW/350Nm rear wheel drive - $71,900 MLP

  • Both versions feature Hyundai’s 72.6 kW lithium-ion polymer battery pack

  • 400V and 800V charging is standard

  • 10-80 percent charging time of 17 min 16 seconds (350 kW DC charging)

  • September on sale date, with online order portal through Hyundai Australia going live on 12/10/21

Competitive pricing for a large crossover

Let’s start with the dollars. Already, within minutes of the press embargo being lifted, the internet has been ablaze with comments such as “Why is the IONIQ 5 twelve grand more than a Tesla Model 3?” The answer to this question lies in the size of the thing (it’s 3,000mm wheelbase is longer than a Range Rover’s) and the technology and inclusions.

Firstly, if you wish to purchase one of these, you’re going to have to bypass your local Hyundai dealer, and jump on Hyundai Australia’s website. The Australian arm of the company says that “The initial batch of IONIQ 5 EVs will be ordered and sold online directly to customers.”, leaving open the prospect that dealers may in fact get a piece of the action at a later date.

Hyundai Australia has received 120 confirmed deposits from prospective customers, and those buyers will have the opportunity to place an order online from September 27. From 12 October, any customer who has registered their interest will be given early access to place an order. The general public can put their hard-earned down from October 13.

Hyundai Australia states 400 vehicles will come to Australia initially, with no timeframe given on additional shipments. We’re guessing if you miss out on the first batch, you’ll be waiting until around Q2 2022 to get your hands on the Ioniq 5.

While the price of the initial IONIQ 5 models disqualifies both vehicles from New South Wales and Victorian EV purchase incentive schemes, both vehicles will be eligible for zero stamp duty in New South Wales and the Australian Capital Territory, which equates to a saving of around $2,700 for the rear wheel drive model, and around $2,900 for the all wheel drive model.

Hyundai IONIQ 5 Image Gallery

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Hyundai Australia has received 120 confirmed deposits from prospective customers, and those buyers will have the opportunity to place an order online from September 27. From 12 October, any customer who has registered their interest will be given early access to place an order. The general public can put their hard-earned down from October 13.

Hyundai Australia states 400 vehicles will come to Australia initially, with no timeframe given on additional shipments. We’re guessing if you miss out on the first batch, you’ll be waiting until around Q2 2022 to get your hands on the Ioniq 5.

While the price of the initial IONIQ 5 models disqualifies both vehicles from New South Wales and Victorian EV purchase incentive schemes, both vehicles will be eligible for zero stamp duty in New South Wales and the Australian Capital Territory, which equates to a saving of around $2,700 for the rear wheel drive model, and around $2,900 for the all wheel drive model.

The IONIQ 5 in Atlas White.

The IONIQ 5 in Atlas White.

Hyundai Australia has received 120 confirmed deposits from prospective customers, and those buyers will have the opportunity to place an order online from September 27. From 12 October, any customer who has registered their interest will be given early access to place an order. The general public can put their hard-earned down from October 13.

Hyundai Australia states 400 vehicles will come to Australia initially, with no timeframe given on additional shipments. We’re guessing if you miss out on the first batch, you’ll be waiting until around Q2 2022 to get your hands on the Ioniq 5.

While the price of the initial IONIQ 5 models disqualifies both vehicles from New South Wales and Victorian EV purchase incentive schemes, both vehicles will be eligible for zero stamp duty in New South Wales and the Australian Capital Territory, which equates to a saving of around $2,700 for the rear wheel drive model, and around $2,900 for the all wheel drive model.

We’ve covered exterior and interior design, cargo space and more, both in our written coverage and in person. If you need a refresher, you can watch our walkaround review below:

What makes the IONIQ 5 so special?

We believe the IONIQ 5 is a game-changer on the Australian market; sure, it may be lacking Tesla’s over-the-air updates and built-in arcade games, but there’s a lot to offer for Australians looking to make the switch to zero-emissions transport.

Firstly, its size. Australians love crossovers and SUVs; they make up fifty percent of the new car market down under. The IONIQ 5 bridges the gap between SUV and station wagon, offering the interior space of a much larger vehicle, without the bulk - or the downsides - of an SUV.

The IONIQ 5 charges fast, really fast.

The IONIQ 5 charges fast, really fast.

Charging is another game-changer. Australians love to travel stupid distances (I’ve driven 7 to 800 km (430-500 miles) in a day more times than I’d like to admit) and while our charging infrastructure has a lot of holes, it is certainly increasing in ubiquity.

The IONIQ 5 will charge from 10 to 80 percent in 6 hours on a standard type-2 AC charger, 56 min on a 50 kW DC fast charger, and 18 minutes on a 350 kW DC fast charger. Those numbers are exceptional, and what’s more, the charging speed doesn’t fall off a cliff if the battery isn’t near-zero unlike a number of other EVs.

The IONIQ 5’s other highlight is its standard Vehicle-to-Load (V2L) capability, meaning that customers can plug regular household appliances into the exterior outlet, or even charge another EV. Perfect for powering a laptop, a camping fridge, and more.

Hyundai’s 360 degree camera.

Hyundai’s trick blind-spot monitor comes up on the driver information display.

Hyundai Australia has also done well to secure the standard equipment listed, a lot of which is optionally available in other markets. The IONIQ 5 features laminated acoustic side glass, ‘relaxation’ zero-gravity seats, remote start/parking, Hyundai’s excellent blind spot view monitor, 20-inch alloy wheels, 3d surround-view camera and smart cruise control.

There are however, a few omissions for Australian buyers. The interior V2L outlet is missing in Australia; a big disappointment personally. As someone who does a lot of video editing on the road, I’d love to be able to power a laptop internally. Other items missing from our specification sheet are the Digital Side Mirrors, heat pump, and solar sunroof. Full specifications are listed below.

What colours can I choose for the IONIQ 5?

Australians will have the choice of 5 standard and one extra-cost paint finish initially. Atlas White and Phantom Black Mica are available with the Obsidian Black interior, while Digital Teal Green Mica and Lucid Blue Mica are available with the Dove Grey/Dark Pebble Grey interior. Galactic Grey Metallic is available with the Dove Grey/Dark Teal interior trim, as is the extra-cost hero colour, Gravity Gold Matte.

Screenshot 2021-09-21 180215.jpg

The IONIQ 5 is on EV Brief's shopping list, and we can’t wait to actually drive it — and its Kia EV6 sibling next year — to see if the on-road experience is as next-generation as the technology and exterior styling. Hyundai Australia says deliveries are expected to begin arriving in the fourth quarter.

The IONIQ 5 interior in Dove Grey/Dark Teal

The IONIQ 5 interior in Dove Grey/Dark Teal.

The IONIQ 5 interior in Dove Grey/Dark Pebble Grey.

The IONIQ 5 interior in Dove Grey/Dark Pebble Grey.

Hyundai IONIQ 5 drivetrain specifications

Ioniq 5 specifications.jpg

Hyundai IONIQ 5 Equipment specifications

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