Hyundai Ioniq 5 pricing starts at $39,700

The image is from Large45017_HyundaiIONIQ5RedefinesElectricMobility.

The price of the Ioniq 5 has been confirmed, and it is the first electric car built by the company. The Ioniq 5 could set you back anywhere from $39,700 to $54,500, depending on which model you choose, according to a press release.

The Ioniq 5 has an EPA-rated range of 300 miles, but it is only available with select models. The prices listed here do not include the vehicle's destination charge.

The cheapest of the bunch is the base SE Standard Range.

There are seven different variations of the Ioniq 5 and three different trim packages. The cheapest of the bunch is the base SE Standard Range, which comes with a 168hp rear motor and a 58kWh battery that will last 220 miles on a full charge. Sometime in the spring of next year, this model will be available.

The rest of the lineup comes with a larger battery and a choice of rear-wheel drive or all-wheel drive. The EPA estimated range of 258 miles for the AWD version is more than double that of the other versions. The RWD versions have an expected lifespan of over 300 miles on a single charge.

The mid-range Ioniq SE costs $43,650 for the RWD version and $47,150 for the AWD version. The SEL has a price tag of $45,900 for the RWD variant and $49,400 for the AWD model. The Ioniq limited RWD will cost you $50,600, while the AWD version will cost $54,500. The rest of the models should be available later this month.

All trims come with a 350 kilowatt DC fast charging system, along with a vehicle-to-load system, which lets you charge electronics, power small appliances, as well as juice up other EVs. It is important to keep in mind that if you purchase an Ioniq, you may be able to receive a tax credit of up to $7,500, making its price even lower.