The moment we’ve been waiting for is finally here. Hyundai’s best-selling electric SUV now has even more range and features. Hyundai unveiled the US-made 2025 IONIQ 5 on Tuesday, including a rugged new XRT model. Perhaps even more important, it’s Hyundai’s first EV with a Tesla NACS port.
“IONIQ 5 has been a sales success for us since day one,” Jose Munoz, Hyundai Motor’s North American CEO, said after unveiling the new model.
We knew it was coming soon. Hyundai revealed the IONIQ 5 refresh in Korea in March. The updated model features a bigger battery with more range, an added rear wiper, and a sleek new design.
Now, Hyundai is introducing its improved electric SUV for the US, including an off-road XRT variant built for those looking to venture off the beaten path.
The 2025 IONIQ 5 will be the first US-made model at Hyundai’s massive new Metaplant America in Georgia.
Hyundai’s new IONIQ 5 is also its first equipped with the Tesla North American Charging Standard (NACS) port. The port unlocks access to over 17,000 Tesla Superchargers, double the amount of DC-fast chargers compared to current IONIQ 5 drivers.
All new or refreshed Hyundai electric models will feature a Tesla NACS port starting in Q4 2024. Hyundai said models built at its new GA plant would be eligible for a $3,750 tax credit.
Once it begins building batteries at the plant, Hyundai expects new IONIQ 5 models to qualify for the full $7,500.
Meet the first US-made Hyundai IONIQ 5
Hyundai revamped the IONIQ 5’s design with a new front and rear bumper, adding to the electric SUV’s already aggressive look.
The new model also features an added rear spoiler and new wheels for improved aerodynamics. You can choose from new Matte exterior colors like Atlas White, Ecotronic Gray, and Celadon Gray.
Hyundai also fine-tuned the interior with its next-gen infotainment system, redesigned HVAC controls, a new center console, an updated steering wheel, and heated rear seats.
You will notice several added physical buttons, including heat and cooling, for added convenience.
The new infotainment includes a 12.3″ navigation with Wireless Apple CarPlay and Android Auto support. It also includes new features like Hyundai Digital Key 2 Premium and several new safety upgrades.
The off-road IONIQ 5 XRT we’ve been waiting for
“We designed this IONIQ 5 XRT to offer more Protection, Connection, and Functionality,” Hyundai Design North America’s senior manager of exteriors, Brian Arnold, explained.
Hyundai added a new XRT trim to the 2025 IONIQ 5 family “designed to appeal to customers who want to play in the dirt and have all-electric adventures.
The rugged model features an even more aggressive design with “XRT-exclusive” unique front and rear bumpers, side skirts, and 18″ aluminum wheels.
It also includes etched camouflage cladding, black Hyundai flying “H” badges on the hood and liftgate, and the XRT logo on the back.
Arnold said, “The digital camo pattern was created using our IONIQ pixel as the building block. The matte-black 18-inch wheels also display the same IONIQ pixel theme while providing strength and cooling.”
Inside, you will find H-Trex seating with the XRT pattern, logo, and XRT-badged all-weather mats.
Built for off-roading, the rugged new model boasts a +23mm suspension lift and front hooks with up to 5,834 lbs towing capacity.
Bigger battery and more range
Hyundai’s new IONIQ comes with more battery capacity. Standard models now come with 63 kWh capacity, up from 58 kWh, while the Long Range version includes an 84 kWh battery, up from 77.4 kWh.
The added battery capacity is expected to enable over 310 miles range. That’s up from 303 miles with the current RWD model.
Depending on the trim (and wheel size), AWD models will feature between 250 and 280 miles range, up from 260 miles currently. Meanwhile, Hyundai expects the Standard Range model to get over 240 miles range on a single charge, up from 220 miles
Hyundai’s IONIQ 5 was already the fourth best-selling EV in the US in Q2, behind Tesla’s Model Y, Model 3, and the Ford Mustang Mach-E.
2025 Hyundai IONIQ 5 powertrain
Trim
2024MY Range
New Range (Targeted)
AWD
Limited SE/SEL XRT
260 miles 260 miles N/A
+250 to +280 miles
RWD
SE/ SEL/ Limited Se Standard Range
303 miles 220 miles
+310 miles +240 miles
2025 Hyundai IONIQ 5 targeted range by trim
“We’re continuing to give customers more of what they want by expanding the IONIQ 5 lineup with a dedicated off-road-capable XRT model, NACS port, design upgrades, and a long list of features developed with customers in mind,” Munoz added.
What do you think of the new IONIQ 5? Do you like the updates? Or did Hyundai miss something? Let us know what you think in the comments below.
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The all-electric luxury electric SUV is getting significantly cheaper. Lexus launched a new entry-level 2025 RZ trim with starting prices over $10,000 less than last year’s model. And you get just as much driving range.
2025 Lexus RZ electric SUV prices and driving range
Lexus launched its first dedicated EV last year, the RZ electric SUV. Starting at $55,175, the 2024 Lexus RZ 300e has a range of up to 266 miles.
The 2024 RZ 450e AWD, equipped with its dual-moto DIRECT4 system, has a range of up to 196 miles. Prices start at just under $60,000. Both models are offered in Premium or Luxury packages.
Lexus is drastically lowering prices for the 2025 model year. The 2025 Lexus RZ starts at $43,975, and that includes the $1,175 delivery fee.
At under $44,000, prices for the 2025 RZ start at over $10,000 less than last year’s model. The lower price tag comes as Lexus added a new entry-level RZ 300e FWD trim to the lineup.
The 2025 Lexus RZ 300e FWD still has an EPA-estimated 266-mile range (18″ wheels), so despite the lower price, it’s no loss from last year’s model. It’s powered by a 72.8 kWh battery pack from global leader CATL.
Lexus modified the subframe for the FWD model, replacing the rear eAxle from the AWD model. The result is a quieter, smoother drive.
Powered by a 71.4 kWh battery, the 2025 RZ 450e AWD has an EPA-estimated driving range of up to 220 miles (18″ wheels).
2025 Lexus RZ model
Starting Price*
EPA-estimated Driving Range
RZ 450e AWD
$48,675
220 miles
RZ 450e Premium AWD w/ 18″ Wheel
$52,875
220 miles
RZ 450e Premium AWD w/ 20″ Wheel
$54,115
196 miles
RZ 450e Luxury AWD
$58,605
220 miles
RZ 300e FWD
$43,975
266 miles
RZ 300e Premium FWD w/ 18″ Wheel
$48,175
266 miles
RZ 300e Premium FWD w/ 20″ Wheel
$49,415
224 miles
RZ 300e Luxury FWD
$53,905
266 miles
2025 Lexus RZ electric SUV prices and range (*Includes Delivery, Processing and Handling fee of $1,175)
The 2025 Lexus RZ is available in three grades. These include the new entry-level model, in addition to the current Premium and Luxury trims.
Inside, the electric SUV has a minimalistic feel with a standard 14″ infotainment with Apple CarPlay and Android Auto support at the center.
You can also opt for the available 10″ head-up display (HUD), Mark Levinson Surround Sound System, and a host of safety features.
The flat platform provides a spacious interior with 37.52″ of rear legroom, nearly as much as the second row of a Ford Explorer (39″).
With the 2025 model arriving at dealerships soon, Lexus is offering closeout prices on 2024 models with up to $18,500 in lease cash discounts. You can use our link to find the best offers on the Lexus RZ at a dealer near you today.
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Markets dipped lower Friday after a rough week for the S & P 500 , which fell 1.7%. Investors are grappling with the potential impact of a Trump presidency, but Jim Cramer argued this “unease on Wall Street” is premature since we still don’t know how the economy will respond to the new administration. Meanwhile, energy and financials are the top-performing sectors, driven by hopes for deregulation and a pro-business environment. Coterra , our oil and natural gas play, stands to gain from increased drilling activity. Jim would “love to double down on Coterra” since data centers will turn more to natural gas to meet soaring energy needs. 2. Jim said he was nervous about Best Buy , the electronics retailer expected to benefit from the refresh AI-powered PC cycle. He’s concerned about how potential China import tariffs under a Trump presidency would squeeze Best Buy’s operating profit, since many electronics sold by the retailer are manufactured in China. Jim debated on Friday whether to trim Best Buy, but hesitated since it is more of a 2025 play. With a small 2% stake in the company, we’re opting to keep a close watch on sales trends, especially as the latest retail data shows strength in electronics and appliances — an encouraging sign heading into the holiday shopping season. 3. A bright spot in a down market is solar company Nextracker . Solar stocks rose Thursday after a Reuters report suggested clean energy policies under Biden’s Inflation Reduction Act “will be tough to roll back” as companies have already poured money into the programs. Nextracker rallied more than 6% Thursday on hopes that solar might be spared. However, the stock gave up some of those gains Friday, slipping 3%. Jim pointed out that Trump isn’t against solar companies, but rather he’s against the parts made overseas. Nextracker’s solar solutions are made in the U.S. 4. Stocks covered in Friday’s rapid fire at the end of the video were Berkshire Hathaway and Alibaba . (Jim Cramer’s Charitable Trust is long CTRA, BBY, NXT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
U.S. Secretary of Energy Jennifer Granholm speaks to the media on day five at the UNFCCC COP29 Climate Conference on November 15, 2024 in Baku, Azerbaijan.
Sean Gallup | Getty Images News | Getty Images
A potential decision by Donald Trump to walk back the Biden administration’s climate-geared projects would impact jobs in areas governed by the President-elect’s own party, outgoing U.S. Energy Secretary Jennifer Granholm told CNBC, urging consistency in Washington’s green transition policies.
Referencing the White House’s withdrawal from the Paris Agreement — a 2015 treaty in which nearly 200 governments made non-binding pledges to reduce greenhouse emissions — during Trump’s first mandate, Granholm said the U.S. pressed ahead with projects linked to the green transition that members of Congress wanted to undertake in their districts.
“We are now building all of these projects. We’re building batteries for electric vehicles, we’re building the vehicles, we’re building the offshore wind turbines, we’re building the solar panels. And all of those are factories. And those factories are in districts of members of Congress,” she told CNBC’s Dan Murphy on Friday at the COP29 U.N. climate conference held in Baku, Azerbaijan.
She estimated that 80% of the funding from U.S. President Joe Biden’s legacy bills — the Inflation Reduction Act and the Bipartisan Infrastructure Law — went to U.S. districts represented by Republican leadership.
“It would be political malpractice to undo those opportunities when people are just now getting hired,” she said, stressing benefits to the manufacturing sector and noting that the business community of the world’s largest economy and oil producer now wants a clear course from Washington on its climate policy.
“This isn’t about in [the Paris Agreement], out, shifting back and forth. Let’s have a consistent practice,” she said.
When asked for a response on Granholm’s comments, Karoline Leavitt, a spokeswoman for Trump’s transition team, said the president-elect will “deliver” on the promises he made on the campaign trail.
International focus has now shifted on the shape of the U.S.’ future role in global climate policy, as Trump prepares to take the helm at the White House for a second mandate in January, following a sweeping victory against Democrat candidate Kamala Harris. Trump — who has yet to announce his own pick to lead the U.S. Department of Energy — put hydrocarbons at the front and center of his campaigning agenda, pledging to “end Biden’s delays in federal drilling permits and leases that are needed to unleash American oil and natural gas production.”
The U.S. Energy Information Administration (EIA) in March said that the country already “produced more crude oil than any nation at any time” for the past six years to 2023, averaging a crude oil and condensate production of 12.9 million barrels per day that year — breaking the previous U.S. and global record of 12.3 million barrels per day recorded in 2019, during Trump’s first mandate.
Yet Granholm on Friday stressed that the clean transition is also “unleashed” and will take place regardless of who is leading the White House — and that ignoring climate change risks sacrificing Washington’s position as a frontrunner in the blooming decarbonization industry.
“Why would we take a second, a backseat to an economic competitor like China?” she asked. “They have an economic strategy, they want to be number one. So if we get out of the game, we’re just going to cede that territory all over again. It’s bad strategy for the United States and for workers and for communities across the country.”
As the world braces for the possibility of a second U.S. exit from the Paris Agreement, some climate activists note that the green transition has now gained a different global momentum than during Trump’s first turn at the White House:
“There is no denying that another Trump presidency will stall national efforts to tackle the climate crisis and protect the environment, but most U.S. state, local, and private sector leaders are committed to charging ahead,” Dan Lashof, U.S. director of the World Resources Institute, said in a Nov. 6 statement.
“Donald Trump heading back to the White House won’t be a death knell to the clean energy transition that has rapidly picked up pace these last four years.”
Granholm also identified potential support in Trump’s current entourage, which this week welcomed business tycoon Elon Musk as the president-elect’s choice to head a new Department of Government Efficiency, alongside conservative activist Vivek Ramaswamy:
“His right-hand man, Elon Musk, is somebody who has been strongly in favor of products that … address climate change. Obviously, he’s the founder of Tesla,” Granholm pointed out.
Musk’s environmental stance has come under question over the years, shifting from telling Rolling Stone magazine that “climate change is the biggest threat that humanity faces this century, except for AI” and backing carbon taxes to holding that the world needs hydrocarbon supplies as a bridge to renewable energy.