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Australia's Hyundai Ioniq 5 Gets Price Cut, Base Variant Now Costs AUD $64,500

2024 Hyundai Ioniq 5 28 photos
Photo: Hyundai / edited
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As opposed to the recently launched Ioniq 5 N, lesser variants of the electric crossover don't feature a rear wiper. On the upside, Hyundai worked its magic in terms of pricing for the Australian market.
Over in the Oz, the compact-sized EV now carries a starting price of 64,500 kangaroo bucks (make that 41,430 freedom eagles at current exchange rates). Compared to the 2023 model, the South Korean carmaker slashed 7,500 dollars off the starting price.

Standard Range RWD is the entry-level variant's name, with Standard Range indicating the smaller of two batteries. From 58 kWh, said pack offers up to 384 kilometers (just under 240 miles) of WLTP driving range in combination with 19-inch wheels.

Higher up the spectrum, Hyundai offers the Extended Range RWD and Extended Range HTRAC Dual Motor. Both flaunt a 77.4-kWh battery, although driving range favors the rear-driven variant: 507 kilometers (315 miles) with the standard 19-inch wheels or 476 kilometers (296 miles) with 20s. Opting for dual-motor AWD with 20-inch wheels means 454 kilometers (282 miles) between charges.

In terms of power and torque, the Standard Range RWD summons up to 125 kW and 350 Nm (168 horsepower and 258 pound-feet). At the other end of the spectrum, the Extended Range HTRAC Dual Motor develops 74 plus 165 kW and 255 plus 350 Nm of twist (321 horsepower and 446 pound-feet).

Although the Extended Range RWD mirrors the peak torque rating of the Standard Range RWD, it's a bit punchier due to 168 kW (225 horsepower). Regardless of the battery and drive layout, the Ioniq 5 for Australia boasts an 800V electrical architecture that puts the Mercedes-Benz EQS SUV to shame.

Every variant comes with battery conditioning, heating system, and a heat pump. Having listed to customer feedback, Hyundai Australia further sweetens the deal with a digital center mirror for the EPIQ trim level as part of the Digital Mirror Package. Said package includes digital side mirrors, which aren't offered stateside due to current vehicle regulations.

Digital mirrors help an EV cut through the air that little better than conventional mirrors, therefore improving the vehicle's driving range. McLaren famously developed the Speedtail with digital side mirrors exclusively, knowing that its plug-in hybrid V8 hypercar wouldn't meet US vehicle regulations.

Be that as it may, the British company was completely aware of the Show or Display rule when designing the Speedtail. Under said rule, owners cannot drive more than 2,500 miles (4,023 kilometers) a year. Speaking of McLaren, remember the limited-run 620R that slotted above the 600LT?

That fellow makes 612 horsepower and 457 pound-feet (620 Nm) of tire-shredding torque at full chatter from a 3.8L twin-turbo V8. The recently launched Ioniq 5 N offers 600 horsepower and 545 pound-feet (740 Nm) by default. N Grin Boost sweetens the deal to 641 and 567 (770) for 10 seconds at a time, which is truly impressive. On the other hand, its 111,000 Aussie bucks retail price is also impressive, meaning around $71,320 at current exchange rates.
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About the author: Mircea Panait
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After a 1:43 scale model of a Ferrari 250 GTO sparked Mircea's interest for cars when he was a kid, an early internship at Top Gear sealed his career path. He's most interested in muscle cars and American trucks, but he takes a passing interest in quirky kei cars as well.
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