The new product has become a little more expensive
The Hyundai Ioniq 5 has become one of the most popular all-electric car models in the United States, with more than 28,000 units sold through October of this year.
The 2024 model year won't bring any major technical changes to the Hyundai Ioniq 5, other than a few new safety and convenience features.
However, as for prices, there is a slight increase. The entry-level 2024 Hyundai Ioniq 5 SE with the Standard Range battery (58 kWh) and rear-wheel drive starts at $41,650 (plus $1,335 destination charge). That's $200 more than the 2023 model year version.
The same $200 price increase applies to the SE trim, which comes with a 77.4 kWh battery and two powertrain options (168 kW RWD and 239 kW AWD). Prices start at $45,700 (plus $3,500 for all-wheel drive).
Interestingly, the more equipped SEL trim starts at $47,250 (rear-wheel drive), which is $200 less than the 2023 model. The AWD all-wheel drive option costs $3,500.
The older Limited version is now $750 more expensive, starting at $53,350. The all-wheel drive version costs $3,900 more, but in addition to the dual-motor powertrain, it also has 20-inch wheels (255/45R20) compared to 19-inch (235/55R19) wheels on other versions.