Big shake-up for ballistic EV

A major brand has made some big changes to one of its flagship EVs.

Hyundai has announced the price and specifications for its all-electric Ioniq 5 mid-size SUV range for 2026. 

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The new cheapest Ioniq 5 starts from roughly $400 more than what it was in 2025, at $76,200, before on-road costs. 

The 5 N has also jumped nearly $5000 in price, up to $115,000.

Hyundai has discontinued the previous entry level variant of the Ioniq 5, which started from $69,800. That car came with a smaller 63kWh battery and less powerful electric motor.

Hyundai was forced to slash the price of 2025 Ioniq 5 by more than 15 per cent this year to boost demand.

These price changes come after the Ioniq 5 has suffered a substantial drop in sales this year, launching in Australia in 2021.

There are power choices with the new Ioniq 5.

The first is the single electric motor producing 168kW and 350Nm.

Dual motor variants make a combined 239kW and 605Nm. 

The performance N variant ups the ante with its dual motors combining for 478kW and 770Nm, with the boost mode activated

All variants get an 84kWh battery, with a range of 570km (WLTP) on the base model when paired with 19-inch wheels.

 

2026 Hyundai Ioniq 5 pricing Australia

Variant	Price (before on-road costs)
Ioniq 5	$76,200
Elite	$81,200
N Line Premium	$91,700
N	$115,000

2026 Hyundai Ioniq 5 electric motor and efficiency
 

Variant	168kW 2WD	239kW AWD	448kW AWD
Power	168kW	239kW	478kW
Torque	350Nm	605Nm	770Nm
Battery size	84kWh	84kWh	84kWh
Range	19-inch wheels: 570km (WLTP)  20-inch wheels: 530km (WLTP)	495km (WLTP)	448km (WLTP)
Driven wheels	Rear-wheel drive	All-wheel drive	All-wheel drive

2026 Hyundai Ioniq 5 comes standard with:

• Rain sensing wipers
• Heated side mirrors
• Leather appointed steering wheel
• Keyless start and entry
• 6-speaker audio system
• Wireless Apple CarPlay and Android Auto
• 12.3-inch touch screen
• 12.3-inch digital driver display
• 19-inch alloy wheels
• Wireless phone charger

Elite grade gets

• 20-inch alloy wheels
• Power tailgate
• Heated front seats
• Head-up display
• Bose 8-speaker audio system
• Alloy pedals

N Line Premium grade gets

• 20-inch N Line alloy wheels
• Sunroof
• Ventilated front seats
• Heated rear seats
• Heated steering wheel
• Rear door sunshades

N grade gets

• 21-inch forged wheels
• Rear air vents
• Metal pedals
• Premium bio-PET carpet
• Rear wiper

2026 Hyundai Ioniq 5 safety

The Hyundai Ioniq 5 was awarded a five-star Australasian New Car Assessment Program ANCAP safety rating. 
 

	ANCAP Score
Adult protection	88 per cent
Child protection	87 per cent
Pedestrian protection	63 per cent
Safety assist	89 per cent

Safety features as standard: 

• 7 airbags
• Lane keep assist
• Lane follow assist
• Front, rear and side parking sensors
• Evasive steer assist
• Blind spot assist 

2026 Hyundai Ioniq 5 warranty and servicing 

The Hyundai Ioniq 5 comes with a seven-year/unlimited-kilometre warranty and an eight-year/160,000-kilometre high-voltage battery warranty. 

It is available with a capped-price servicing plan.
 

Variant	30,000km/24 months plan	60,000km/48 months plan
168kW 2WD	$659	$1318
239kW AWD	$659	$1318
448kW AWD	$659	$1340