Price hikes coming for facelifted 2024 Hyundai IONIQ 5

The upgraded 2024 Hyundai IONIQ 5 electric SUV range will be priced from $67,500 plus on-road costs when it arrives here in the coming months, marking a $2500 increase over the model it replaces.

That base price hike sets the tone for the rest of the range, with every core variant set to go up $2500 on account of their upgraded battery packs and new-generation infotainment system, however, there’s so far no sign of the spruced-up N-Line variants.

Odds are the sports-themed IONIQ 5 variants will come to market slightly later than their more vanilla counterparts, although we’re still yet to see anything official regarding a driving range figure for the updated IONIQ 5’s battery packs.

As reported in March, the core 77.4kWh traction battery has been replaced by a new 84kWh unit derived from the one seen in the IONIQ 5 N, but Hyundai has stayed tight-lipped about how much extra range it liberates.

A quick look at the European spec sheet nominates an unchanged 507km WLTP figure for the most efficient ‘extended range RWD’ configuration, however, carsales understands this is incorrect and the actual figure will be closer to 550km.

The base 58kWh ‘standard range’ battery, meantime, has been enlarged to 63kWh and will offer up to 440km of cruising range – an increase of 56km.

No changes have been made to any of the accompanying motors, meaning the IONIQ 5 still outputs between 125kW/350Nm and 239kW/605Nm depending on the variant, with the same true of the N-Line variants.

Going by what’s on offer in Europe, Australia will be made privy two N-Line variants: one rear-wheel drive (168kW/350Nm) and one all-wheel drive (239kW/605Nm), but both fitted with the 84kWh battery pack.

European spec sheets nominate a 515km WLTP range for the single-motor and 466km for the dual-motor, however, the all-paw version absolutely has the edge in performance: 0-100km/h in 5.3 seconds versus 7.5sec.

Digital wing mirrors, unique 20-inch alloy wheels, N-inspired bumpers, a black and red interior, leather and suede-trimmed sport seats, an N steering wheel, redesigned centre console and sports pedals headline the N-Line makeover, reaffirming the N-Line’s position as the penultimate grade beneath the fire-breathing IONIQ 5 N.

How much does the 2024 Hyundai IONIQ 5 cost?
IONIQ 5 RWD 125kW – $67,500 (+$2500)
IONIQ 5 RWD – $73,500 (+$2500)
Dynamiq RWD – $78,500 (+$2500)
Dynamiq AWD – $83,000 (+$2500)
Epiq RWD – $82,000 (+$2500)
Epiq AWD – $86,500 (+$2500)
N-Line RWD – TBC
N-Line AWD – TBC
N AWD – $111,000
* Prices exclude on-road costs

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