Hyundai Ioniq 5: U.S. Production and EV Tax Credit Boost

The Hyundai Ioniq 5 will begin production in the United States next year. This move could allow the EV Hyundai SUV to qualify for the federal EV tax credit.

Recently, Hyundai Motor Group announced it will begin at its new assembly plant in Bryan County, Georgia. This will begin with the Ioniq 5, but there could be several additional electric SUVs built at this plant in the future.

The Ioniq 5 is considered one of the best electric 5-passenger SUV models for families to drive. It received such an award from Parents magazine. Let’s dig in and see what this electric Hyundai SUV brings to the market.

How much power does this electric SUV offer?

The current version of the Ioniq 5 can be had with either a single-motor RWD setup or a dual-motor AWD configuration. This means three different power options to give you the drive you desire. These are:

Single-motor RWD Standard Range

• 58-kWh battery
• 168 horsepower
• 258 lb-ft of torque
• 220-mile driving range

Single-motor RWD

• 77.4-kWh battery
• 225 horsepower
• 258 lb-ft of torque
• 303-mile driving range

Dual-motor AWD

• 77.4-kWh battery
• 320 horsepower (600 horsepower in Ioniq 5 N)
• 446 lb-ft of torque
• 266-mile driving range

What’s new for this electric Hyundai SUV?

The 2024 version of the Hyundai Ioniq 5 has fewer standard features in the SEL trim. This also means a lower starting price. All of the other trims have more standard features offered, including:

• Rear side airbags
• Rear seatbelt tensioners
• Steering wheel haptic feedback
• Wi-Fi hotspot

What does each trim include?

There are three main trims of the Ioniq 5, giving you some great features and options for your electric SUV. Let’s start at the base model and see what this impressive vehicle brings to the table.

Ioniq 5 SE

The SE trim is the starting point, giving you the Standard Range battery pack with the more powerful single-motor and dual-motor layouts offered as options. This trim gives you:

• Ultra-Fast charging
• 19-inch alloy wheels
• Heated front seats
• Dual-zone automatic climate controls
• 12.3-inch digital gauge cluster
• 12.3-inch touchscreen
• Apple CarPlay
• Android Auto
• HD Radio
• SiriusXM satellite radio
• Wi-Fi hotspot
• Automatic emergency braking
• Blind-spot monitoring
• Lane-keeping assist
• Driver attention warning
• Rear parking sensors
• Automatic high beams
• Highway Driving Assist semi-autonomous driving system

Ioniq 5 SEL

The middle trim of the Hyundai Ioniq 5 is the SEL trim. This model takes things a little further than the SE by giving you:

• Hands-free power liftgate
• Heated steering wheel
• Auto-dimming mirror
• Wireless charging pad
• Hyundai Digital Key
• Front and rear parking sensors
• Highway Driving Assist II adds lane-change assist

Ioniq 5 Limited

The next trim in the range is the Limited model. This version adds more to the mix to make this Ioniq 5 more luxurious and comfortable by giving you:

• Panoramic sunroof
• Power-folding mirrors
• LED projector headlights
• Heated front and rear seats
• H-Tex faux leather seating
• Relaxation driver’s seat
• Digital rearview mirror
• Head-up display with augmented reality
• Bose premium audio system
• Surround-view monitor
• Blind-spot view monitor
• Remote Smart Parking Assist
• Rear-seat air vents
• Rear armrest with cupholders
• Rear sunshades

What does the Remote Smart Parking Assist system do?

It’s becoming more common among electric vehicles, but the Hyundai Ioniq 5 has a self-parking feature called Remote Smart Parking Assist. This feature allows drivers to put the Ioniq 5 in tight parking spaces using a remote control feature. This means you can park your vehicle wherever you need to and not worry about door dings.

Enjoy the excellent warranty

Every Hyundai vehicle comes with an impressive class-leading warranty. The Ioniq 5 is backed by a 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty that also covers the battery. This means you’ve got a fantastic warranty to keep your vehicle covered and give you the peace of mind you want during your time on the road.

This Hyundai charges quickly

When you utilize a DC fast charging location at one of the many public charging stations, the Hyundai Ioniq 5 can charge from 10 to 80% in as little as 18 minutes. That’s pretty close to the amount of time you’ll spend during a regular stop for gas.

Will you drive the Ioniq 5? If you think this is the right electric SUV for you, it’s easy enough to visit your local Hyundai dealer and purchase one, but you could wait until next year. With the new assembly plant in Georgia going up, the Ioniq 5 could qualify for the federal EV tax credit and see the price reduced by $7,500.