2023 Hyundai IONIQ 5: Preview, Pricing, Release Date

Joel Patel
Automotive Editor - January 4, 2022

Model Preview

After coming out as an all-new electric crossover in 2022, the 2023 Hyundai IONIQ 5 will arrive as a carryover model. With advanced tech features, a funky design, and a roomy cabin, the IONIQ 5 is a great vessel for Hyundai to kick off its new all-electric IONIQ subbrand.

As a carryover model, the IONIQ 5 will have the same exterior design as the current EV that’s on sale. The current compact crossover features a futuristic look with boxy lines, sharp creases, and angular front and rear ends. The front end has a triangular clamshell hood that protrudes forward slightly and houses square headlights that look like pixels. The rear taillights have the same pixelated look as the headlights, a boxy liftgate, and a recessed rear bumper. Even in the wonky world of EVs, the 2022 IONIQ 5 has a unique design that will remain the same for 2023.

From the outside, the current IONIQ 5 looks like a compact crossover, but its wheelbase is actually longer than the midsize Hyundai Palisade’s. This results in a spacious cabin. The glass roof also helps with the airy feel. As far as the interior design, it’s not nearly as outlandish as the outside. The dashboard is split into two sections, with the larger side housing the single unit for the digital instrument cluster and touchscreen, as well as the HVAC controls. The two-spoke steering wheel and column-mounted shifter are touches that help the IONIQ 5’s interior look modern. The 2023 IONIQ 5 will share the same look as the current model that’s on sale.

The 2023 IONIQ 5 will come with a lot of the same tech features as the current model that’s on sale. We can expect the electric crossover to come standard with two 12.3-inch displays, Apple CarPlay, Android Auto, voice recognition, navigation, and satellite radio. Higher trim levels come with a head-up display with augmented reality and a Bose audio system.

The all-electric IONIQ 5 will be available in two configurations. The most affordable option is a single electric motor mounted at the rear wheels that produces 168 horsepower. A 58-kWh battery pack is standard, bringing a range of 220 miles. A larger 77.4-kWh battery pack is available, bringing a range of 303 miles with RWD. AWD IONIQ 5 models are rated at up to 320 hp and can travel up to 256 miles.

The IONIQ 5 is capable of charging via a 350-kW charger, which gives the vehicle an 80% charge from 10% in 18 minutes.

Every IONIQ 5 will come with Hyundai’s Smart Sense suite of advanced safety features that includes forward-collision warning, automatic emergency braking, rear cross-traffic alert, lane-keeping assist, lane departure warning, and a driver drowsiness monitor. Available features include Hyundai's Highway Driving Assist 2 system, adaptive cruise control, blind-spot monitoring, a surround-view parking camera, as well as remote and automated parking assist.

Pricing & Release Date

With the 2022 Hyundai IONIQ going on sale in winter 2021, we expect the 2023 model to arrive before the end of 2022.

Without any major changes, we expect pricing for the 2023 Hyundai IONIQ 5 to stay close to the current model’s range of $40,925 to $55,725 with destination.

The Hyundai IONIQ 5 will compete against the Nissan Ariya, Chevrolet Bolt EUV, Volkswagen ID.4, and Tesla Model Y.

Check back for updates as details become available.

Pictured: 2022 Hyundai Ioniq 5

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