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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.
The brand has consolidated the range substantially, trimming down from 11 variants to four. It has replaced the Dynamic and Epiq variants with Elite and N Line Premium.
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 |
