2027 Hyundai Ioniq 5 Prices, Trim Levels, Range and $6,300 Ioniq 5 N Cut

Hyundai has made small price increases to the 2027 Ioniq 5. The base SE Standard Range RWD model rises by $250 to $35,250, and most other trims rise by $150 to $400. The SEL Dual Motor AWD is the exception, rising by $1,400 to $44,700.

The destination fee is not in those prices. The 2026 model had a $1,600 destination fee, and Electrek says the 2027 fee is not yet known, so by our arithmetic a base car will likely cost close to $36,850 if the fee stays the same. We haven't confirmed that.

The range is up to 245 miles on the Standard Range, up to 318 miles on RWD trims and between 259 and 290 miles on AWD trims. Against a Tesla Model Y RWD at $39,990 and 321 miles, the Ioniq 5 SE RWD at $37,750 and 318 miles is $2,240 cheaper (Drive Tesla Canada).

The performance model has also been reduced in price. The 2026 Ioniq 5 N has been reduced by $6,300 to $59,900 (Electrek).

In this article you will see how much the Ioniq 5 costs, what has changed, how it compares to the Model Y and how much the N now costs. However some information is missing from the sources such as battery size, destination fee and what date it will be on sale. We haven't driven this car and all information has been taken from the sources below.

Electrek's table compares 2026 and 2027 starting prices excluding the destination fee and lists eight configurations. The SE RWD Standard Range is $35,250, up $250 from $35,000. The SE RWD is $37,750, up $250 from $37,500. The SEL RWD is $40,200, up $400 from $39,800. The Limited RWD is $45,225, up $150 from $45,075.

On the dual motor side, the SE AWD is $41,250, up $250 from $41,000. The SEL AWD is $44,700, up $1,400 from $43,300. The XRT AWD is $46,525, up $250 from $46,275. The Limited AWD is $49,125, up $150 from $48,975.

Drive Tesla Canada has also listed the same prices (August 17). They haven't mentioned the increase on several models, and the SE AWD and Limited RWD aren't mentioned. By our arithmetic the average increase across the 8 trims is roughly $388 including the SEL AWD and about $243 without it. The SEL AWD increase is significant and the sources give no explanation for it.

The 2026 destination fee was $1,600 (Electrek). If it stays at that level, the range of 2027 prices with the fee is $36,850 to $50,725. That is our estimate and not a published figure.

Electrek lists EPA range by trim. The SE RWD Standard Range offers 245 miles. The SE, SEL and Limited RWD offer 318 miles. The SE and SEL Dual Motor AWD offer 290 miles. The XRT Dual Motor AWD offers 259 miles and the Limited Dual Motor AWD offers 269 miles.

Drive Tesla Canada have also mentioned that the Standard Range offers 245 miles and the SE RWD offers 318 miles.

Neither article mentions the battery size or charging speed of the standard Ioniq 5. A separate Electrek article says the Ioniq 5 N has a native NACS port, and the standard Ioniq 5 has one too according to Electrek, so it can use Tesla Superchargers without an adaptor.

By our arithmetic, price per mile of rated range works out to about $144 for the SE Standard Range, $119 for the SE RWD, $126 for the SEL RWD and $142 for the Limited RWD, using 2027 starting prices before destination. The SE RWD is the cheapest on that measure.

For the all-wheel drive trims, the same calculation gives about $142 for the SE AWD, $154 for the SEL AWD, $180 for the XRT and $183 for the Limited AWD. The XRT has a lower range so it appears more expensive, but it is not the same type of vehicle.

The 2027 model is a carry over model so there aren't many changes. The roof rails are now available on all models and are standard on the SEL and above. HomeLink is now exclusive to the Limited models. The cargo lid is now only available as an accessory. The Gravity Gold Matte and Sage Silver Matte colours have been removed (Drive Tesla Canada).

Hyundai cut the 2026 Ioniq 5 by up to $9,800 on some trims to offset the loss of the $7,500 federal EV tax credit (Electrek). The 2026 base model started at $35,000.

The increases are small for the 2027 model. But because there was a huge reduction in price the 2027 model is still significantly cheaper than before.

Electrek suggests the 2026 models may be a better deal. An October 9 Electrek report says Hyundai is offering $3,500 off the 2026 Ioniq 5, or 10 percent of its $35,000 starting price, and up to $2,750 in total savings on the 2027 Ioniq 5. By our arithmetic, that leaves a 2026 SE Standard Range at about $31,500 before fees, against about $32,500 for a 2027 at $35,250 less $2,750.

The exact date the 2027 model will be on sale isn't mentioned in the articles. Check with a retailer.

That puts the Model Y $4,740 above the base Ioniq 5 and $2,240 above the Ioniq 5 SE RWD, which has a range of 318 miles (Drive Tesla Canada).

On those numbers, the Model Y has slightly more range and a higher price. The Ioniq 5 SE RWD is cheaper by $2,240 for a 3 mile difference in rated range.

However this website is focused around Tesla so they have chosen to compare it to the Model Y. There isn't any mention of charging speed, features or reliability. We can't make the same claims.

In reality, range and price isn't the only thing to consider. Both vehicles can charge at Tesla Superchargers with a NACS port. The standard Ioniq 5 has a NACS port (Electrek).

According to Electrek, the 2026 Ioniq 5 N has seen a reduction in price to start from $59,900, excluding the $1,600 destination fee. This is a reduction of $6,300, which implies a previous price of about $66,200 by our arithmetic.

The 2026 N also comes with a native NACS port, dual amp Level 1 and Level 2 cable and CCS to NACS adaptors for Level 2 and DC fast charging. The car can produce up to 641 horsepower and 568 pound-feet of torque when in N Grin Boost mode. Providing a 10 second burst of power.

The N Drift Optimizer now has 10 stages. It also includes new features such as Performance Blue Pearl paint and auto up/down rear windows. The car also includes an N e-Shift virtual gearshifter and N Active Sound System providing the performance of an 8-speed dual-clutch gearbox (Electrek).

No mention is made of the range. We couldn't find any mention of the range on the Ioniq 5 N. There is also no mention of the 2027 N pricing (Electrek August).

According to CleanTechnica the 2027 model went on sale in South Korea on June 9th. There was no mention of US pricing. The Modern trim has seen a reduction in price of 1.6 million won (about $1,054) and the Premium trim a reduction of 900,000 won (about $593), along with some incremental upgrades.

Korean starting prices range from 47.35 million won (about $31,228) for the Standard E-Value+ to 61.50 million won (about $40,560) for the Inspiration. The N Line costs 59.45 million won (about $39,194).

We have included this so you know that Hyundai have made some price changes in different markets. These prices aren't for the US and the trims are different.

Kelley Blue Book have also mentioned that the 2026 Ioniq 5 was included in their Best Family Cars for 2026 list under Best 2-Row SUVs for Families. It is the only EV included on the list.

According to Carscoops 20,730 Ioniq 5's were sold in the first half of 2026. This was an increase of 9%. However sales in the second quarter were 10,940 (an increase of 4%). June sales were down by 26% to 2,335. This was due to last years spike.

May saw an increase of 28% to 5,002 sales (Electrek June). Year to date sales were 18,395 (an increase of 16%). This fits in with the total of 20,730.

Hyundai have mentioned that the Ioniq 5 is one of their biggest sellers (Electrek July 3). It is now outselling the Chevrolet Equinox EV which had a 41% decrease to sell 16,249 in the first half. It has also beaten the Toyota bZ which sold 17,553. In the first quarter it was the fourth most sold EV in the US, behind the Toyota bZ, Tesla Model 3 and Model Y (June).

Third quarter sales were much worse. Hyundai Motor (Including Genesis) saw a 57.7% decrease in sales in the third quarter to 12,713 (Herald Business). September saw a big fall in EV sales across Hyundai and Kia. This is because the third quarter of 2025 was inflated due to people rushing to get the tax credit before it expired on September 30th 2025 (Electrek).

Both the Ioniq 5 and Ioniq 9 are produced at Hyundai's Metaplant America near Savannah, Georgia (Electrek).

The 2027 prices make more sense knowing that there was a large reduction last year. Search result headlines from KBB, Korea Daily and MarkLines say the Ioniq 5 had a reduction of up to $9,800. We only saw this in the headlines, but it fits with Electrek stating that the 2026 model had a reduction of up to $9,800 on some trims.

In November 2025 Electrek mentioned in their Kia article that Hyundai were offering leases starting from $189/month. We couldn't find any current leasing offer. It was just a brief mention from another source.

Overall there was a large reduction in price when the tax credit ended and now there is a small increase for 2027. There isn't any mention of why the price has increased from Hyundai. We won't guess.

From a buyer's perspective the 2027 model is roughly the same price as after the reduction. Most people will want to know if there is a larger discount on the 2026 models. According to Electrek's October 9 figures, the 2026 models have a larger discount of $3,500 against up to $2,750 on the 2027.

The Ioniq 5 has sold 20,730 in the first half of 2026 (Electrek July 3). Tesla are the top EV brand. Chevrolet are the second most sold with their new Bolt increasing sales by 4,224. The Toyota bZ sold 17,553. Leading the Ioniq 5 until the first quarter.

Several competitors have seen a large drop. The Chevrolet Equinox EV had a 41% reduction to sell 16,249. The second quarter had a 62% reduction to 6,660. The Ford Mustang Mach-E had a 47% reduction to 11,632. The Honda Prologue had a 48% reduction to 8,407.

Working out the math we can see that the total of 20,730 is roughly 78% more than the Mach-E and double the Prologue. These are first half 2026 figures and don't take into consideration the third quarter.

The standard Ioniq 6 has been discontinued (Electrek). Only the N Line is available. However Carscoops mention that all models except the Ioniq 6 N have been discontinued. They mention it as the Ioniq 6 N. Sales were 1,241 in the first half (down 80%).

The Ioniq 9 (3 row electric SUV) sold 4,858 in the first half of 2026 (up 380%) (Electrek). But Carscoops mention that the increase is inflated as it wasn't on sale until Spring 2025.

Overall Hyundai have had good sales in the US. They sold 450,568 vehicles in the first half of 2026 (up 3% from 439,280). The second quarter saw 245,180 (up 4%) and June saw sales increase by 11% to 77,555 (best ever June).

33% of sales in the US were electrified in the first half (Carscoops). Hybrids had record sales with them increasing by 71% in the second quarter (Electrek). The Tucson was the best seller with 19,581 (up 20%).

Year to date sales were 697,464 (up 3%) (CarPro). Hyundai and Kia sold 506,200 in the third quarter (first time they have sold over 500,000 in a quarter in the US) (Herald Business). Hyundai Motor (including Genesis) had 269,541 (up 3.5%).

Hybrid sales increased by 53.4% to 138,112 (combined Hyundai & Kia). EV sales decreased by 51.0% to 22,311 (combined). The Ioniq 5 is a small part of Hyundai who are currently seeing growth from their hybrids.

Check the destination fee on the 2027 window sticker, since the sources do not give it. Check the 2026 stock as it may be a better deal (Electrek). If you want the SEL AWD version, keep in mind that it has a $1,400 increase compared with the other trims.

Electrek's October 9 report lists a 2026 Ioniq 5 SE Standard Range lease at $339 a month for 24 months with $4,999 due at signing, an SE RWD lease at $369 a month for 24 months with $3,999 due, and 2027 Ioniq 5 leases from $369 a month. Financing on the 2026 Ioniq 5 is 0.9 percent APR for up to 60 months. By our arithmetic, the $339 lease totals roughly $13,135 over 24 months including the amount due at signing, before taxes and fees. No mention is made of how long the offers last, who qualifies or whether they can be stacked.

The federal EV tax credit ended in September 2025, so the prices listed are list prices before any state or dealer incentive. We haven't verified any incentives.

We couldn't confirm the 2027 destination fee, battery sizes, charging times, the on-sale date or whether the SEL AWD increase reflects added equipment. We also couldn't confirm the end date or eligibility of the October offers or a range figure for the Ioniq 5 N. Drive Tesla Canada's Model Y price and range were not independently checked. We haven't driven any of these cars.

Electrek, Hyundai Ioniq 5 prices rise $250 for 2027, starting at $35,250: https://electrek.co/2026/08/18/hyundai-ioniq-5-prices-rise-250-2027-starting-35250/

Drive Tesla Canada, 2027 Hyundai Ioniq 5 price: https://driveteslacanada.ca/news/2027-hyundai-ioniq-5-price/

Electrek, Hyundai offers 10% discount on Ioniq 5 and Ioniq 9 EVs: https://electrek.co/2026/10/09/hyundai-offers-10-discount-ioniq-5-ioniq-9-evs/

Electrek, Hyundai cuts Ioniq 5 N EV prices by $6,300: https://electrek.co/2026/07/15/hyundai-cuts-ioniq-5-n-ev-prices-by-6300/

CleanTechnica, 2027 Hyundai Ioniq 5 launches as 2026 Ioniq 5 wins special EV award in USA: https://cleantechnica.com/2026/06/08/2027-hyundai-ioniq-5-launches-as-2026-ioniq-5-wins-special-ev-award-in-usa/

Carscoops, Hyundai sales and the Ioniq 5: https://www.carscoops.com/2026/07/hyundai-sales-ioniq5/

Electrek, Hyundai Ioniq 5 remains top-selling EV, sales top 20,000: https://electrek.co/2026/07/03/hyundai-ioniq-5-remains-top-selling-ev-sales-top-20000/

Electrek, Hyundai's Ioniq 5 still on a tear, Ioniq 9 sales surge 279%: https://electrek.co/2026/06/02/hyundais-ioniq-5-still-on-tear-ioniq-9-sales-surge-279/

CarPro, National sales results for all automakers, year to date Q3 2026: https://www.carpro.com/blog/national-sales-results-for-all-automakers-year-to-date-q3-2026

Herald Business, Combined Q3 sales reach 506,200 units, up 5.4% on year: https://biz.heraldcorp.com/article/10891693