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2023 Hyundai Ioniq 5: Price Finally Revealed for Canada




It is safe to say the Hyundai Ioniq 5 undeniably became one of the favorite electric cars on the market. I mean, look at it. It is the perfect interpretation of what a futuristic car would look like in the 80s. On top of that, the Ioniq 5 is full of tech and very practical. However, what helped the Korean EV SUV to stand out from the rest is its autonomy which is above average. These elements led to a nearly two-year-long waiting list to get one. 


The Hyundai Ioniq 5 starts 2023 strong with quite a few upgrades. The Korean SUV is now fitted with a better heat exchanger as standard.


The price is right


If you look at the 2022 and 2023 prices for the Hyundai Ioniq 5, you will notice a considerable price gap between the two. However, if you dig a little bit, you will find out the price hasn't changed much. What made a difference here is the fact the Korean manufacturer removed the Essential version from the Ioniq 5 lineup, leaving the Preferred trim as the base version. There is a price increase of $2,000 from last year, which is far from radical considering all the upgrades the Korean SUV received for 2023.


As you go up in the 2023 Ioniq lineup, things get better with the Preferred Long Range trim, which is only $1,000 more than last year's model. Finally, there is no price increase for the Preferred AWD Long Range trim.


2023 Ioniq 5 prices, including transport and preparation fees


$51,635 - Preferred

$55,635 - Preferred Long Range

$57,635 - Preferred AWD Long Range


Three power unit options


The 2023 Hyundai Ioniq 5 offers three choices when it comes to powertrains. The first one is the Standard Range rear-wheel-drive version which is powered by a single motor that produces 168 hp and 258 lb-ft of torque. This motor is fed by a 58.0 kWh battery which is good for 354 km of autonomy. The following option in the line is the Long Range version with its 77.4 kWh battery. This crank, the Ioniq 5, range up to 488 km on a single charge. This version has slightly more power than the Standard Range version with 225 hp, and the torque is the same at 258 lb-ft. Finally, the AWD Long Range powertrain uses the same battery pack as the previous version. The big difference here is there are two motors for a total power of 320 hp and 446 lb-ft of torque. The range of this powertrain is a little bit lower, with 428 km on a single charge.


Jean-Sébastien Poudrier

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