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Don’t let the Hyundai Ioniq 5 slip off your radar. This award-winning electric SUV is one of the best options in its class. Usually, the best SUVs are a little expensive, but the 2023 Hyundai Ioniq 5 is loaded with value at an affordable price. 

How much does the 2023 Hyundai Ioniq 5 cost? 

The 2023 Hyundai Ioniq 5 driving in the city
2023 Hyundai Ioniq 5 | Hyundai

The 2023 Hyundai Ioniq 5 has an MSRP of $41,450. The $1,335 destination fee brings the starting price up to $42,785. According to, it’s one of the 11 cheapest electric cars available. However, the premium interior quality and engaging performance are far from cheap. 

The entry-level model is the Ioniq 5 SE Standard Range model. The top-spec Limited trim starts at about $53,935 with the destination fee added. So, it’s only about $11,150 to go from the base model to the premium model. 

Plus, the SE model is pretty loaded. It has 19-inch alloy wheels, LED headlights, battery heating and preconditioning, DC fast charging capability, keyless entry, push-button start, a digital gauge cluster, dual automatic climate control, a leather-wrapped steering wheel, and a power-adjustable driver’s seat. 

You also get cloth upholstery, a built-in navigation system, a 12.3-inch infotainment system, a six-speaker audio system, and Apple CarPlay/Android Auto. 

Standard safety features include forward collision warning, automatic emergency braking, adaptive cruise control, blind spot warning, rear-cross traffic alert, blind-spot intervention, and lane-keeping assistance. 

How much range does the 2023 Ioniq 5 have? 

The 2023 Hyundai Ioniq 5 standard range model features a 58-kWh battery pack with an EPA-estimated 220 miles of range. This is plenty of charge for a few days of daily commuting and running errands. 

With the extended-range model, you get a larger 77.4-kWh battery pack with an EPA-estimated range of 303 miles. This is pretty impressive. Adding all-wheel drive drops the range to about 266 miles on a single charge. The average person drives about 35 miles per day. 

The standard range model generates 168 hp and 258 lb-ft of torque. Other models feature 225 hp. With AWD, you get another motor on the front axle to crank out 320 hp and 466 lb-ft of torque. The Ioniq 5 can accelerate from 0 to 60 mph in 4.7 seconds. 

With a DC fast charger, you can recharge the batteries from 10 to 80% in roughly 18 minutes. A Level 2 charger can replenish the batteries in about six hours and 45 minutes. It comes with two years of complimentary 30-minute charging sessions. 

How reliable is the Ioniq 5? 

The 2023 Hyundai Ioniq 5 charging at a charging station
2023 Hyundai Ioniq 5 | Hyundai

The 2023 Hyundai Ioniq 5 still needs a little time on the pavement to be put through the paces. But J.D.Power gave it a predicted reliability score of 73 out of 100. This is an average score. Rankings between 81 to 90 are above average, and scores between 91 and 100 are the best. 

Hyundai warranty terms state that the battery is protected for 10 years or 100,000 miles. It’s guaranteed against deterioration that causes the battery to lose more than 30% of its capacity. 

The limited warranty covers five years or 60,000 miles, and the powertrain warranty covers 10 years or 100,000 miles. Plus, you get complimentary maintenance for three years or 36,000 miles. 

The Hyundai Ioniq 5 deserves your attention as an affordable, comfortable, and loaded electric vehicle. The heat pump is effective and efficient against range loss, and AWD adds tons of power without breaking the bank.