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Hyundai officially announced prices and EPA range estimates for the new 2025 IONIQ 5. The upgraded IONIQ 5 is Hyundai’s first EV with an NACS port, so you can charge up at Tesla’s extensive Supercharger network. With more range, features, and trim options than ever, the electric SUV is an improvement in every way.

Hyundai shook the internet after unveiling the upgraded 2025 IONIQ 5 in September. The electric SUV has already been a massive hit for the Korean automaker, but the new model is poised to see even more demand.

Prices for the 2025 Hyundai IONIQ start at $43,975, including a $1,475 destination fee. That’s for the base SE RWD Standard Range model with up to 245 EPA-est miles driving range.

For $46,550, the extended range SE RWD trim provides an impressive up to 318 miles driving range.

You can also snag the new XRT trim, loaded with added off-road design features like Terrain Mode and front tow hooks, starting at $56,875. If you’re looking for even more, the range-topping Limited AWD model starts at $58,100 with a full slate of new features.

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2025 Hyundai IONIQ 5 XRT (Source: Hyundai)

2025 Hyundai IONIQ 5 prices and driving range by trim

The IONIQ 5 is already Hyundai’s best-selling EV, but the upgrades are a drastic improvement over the current model.

Hyundai’s new 2025 IONIQ 5 now comes with a standard Tesla NACS charging port and CSS adaptor, unlocking access to 36,000 DC fast chargers, more than double the amount current drivers have access to.

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2025 Hyundai IONIQ 5 (Source: Hyundai)

The NACS port will “make the ownership experience and road trips more convenient and enjoyable for our customers,” said Olabisi Boyle, Hyundai Motor North America’s senior VP of product planning.

The new model also gains a bigger battery. Standard models now have 63 kWh battery packs, up from 58 kWh. The long-range models feature an 84 kWh battery, up from the previous 77.4 kWh.

2025 Hyundai IONIQ 5 Trim EV Powertrain Driving Range (miles) Starting Price* 
IONIQ 5 SE RWD Standard Range 168-horsepower rear motor 245 $42,500
IONIQ 5 SE RWD 225-horsepower rear motor 318 $46,550
IONIQ 5 SEL RWD 225-horsepower rear motor 318 $49,500
IONIQ 5 Limited RWD 225-horsepower rear motor 318 $54,200
IONIQ 5 SE Dual Motor AWD 320-horsepower dual motor 290 $50,050
IONIQ 5 SEL Dual Motor AWD 320-horsepower dual motor 290 $53,000
IONIQ 5 XRT Dual Motor  AWD 320 horsepower dual motor 259 $55,400
IONIQ 5 Limited Dual Motor AWD 320-horsepower dual motor 269 $58,100
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)

Hyundai also upgraded the interior and exterior. You can immediately see the exterior design improvements with a redesigned front bumper and headlights, adding to the IONIQ 5’s bold look.

Based on feedback, the interior has been fine-tuned. It includes redesigned HVAC controls and a new center console and steering wheel.

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2025 Hyundai IONIQ 5 Limited interior (Source: Hyundai)

A 12.3″ center infotainment is at the center of it with wireless Apple CarPlay and Android Auto support.

The 2025 IONIQ 5 is Hyundai’s first vehicle built at its massive new Metaplant America manufacturing plant in Georgia.

2025-Hyundai-IONIQ-5-prices
2025 Hyundai IONIQ 5 (Source: Hyundai)

All US-built IONIQ 5 models qualify for a $3,750 federal tax credit, but Hyundai is offering the full $7,500 through leasing. The 2025 models will begin arriving at dealerships by the end of 2024.

Ahead of its arrival, the 2024 model is still one of the top-selling EVs in the US. The electric SUV helped push Hyundai to its best-ever October US sales last month.

With the new 2025 IONIQ 5 arriving by the end of the year, Hyundai is offering closeout deals on 2024 models. You can use our link to find the best deals on Hyundai’s IONIQ 5 at a dealer near you.

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U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

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U.S. crude oil falls below  a barrel to lowest since 2021 on tariff-fueled recession fears

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. 

Pavel Mikheyev | Reuters

U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.

Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.

Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.

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Oil futures, 5 years

The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.

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What EV sales slump? Illinois’ EV sales outpace the nation by 4:1

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What EV sales slump? Illinois' EV sales outpace the nation by 4:1

Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.

Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.

Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)

What’s going on in Illinois?

File:Illinois Governor J. B. Pritzker (33167937268).jpg
Illinois Governor JB Pritzker at the Chicago Auto Show; by Ray Cunningham.

While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.

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At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).

We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.

SOURCES: Chicago Business, Ray Cunningham; featured image by the author.

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.

Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.

XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.

We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).

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XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?

Easy in, easy out

XCMG battery swap crane; via Etrucks New Zealand.

The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.

You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.

SOURCE | IMAGES: XCMG.

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