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.
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.
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.
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 (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.
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%.
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.
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).
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 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.