Photo: Hyundai
With price hikes across the entire auto industry, it was inevitable that the reigning World Car of the Year would also become more expensive.
Remember, the Hyundai IONIQ 5 launched in Canada last year with a very attractive base price of $44,999 in order to qualify for the federal EV rebate of $5,000.
Now, with the maximum MSRP raised to $55,000 for said rebate, and demand that continues to far exceed supply, Hyundai Canada has made the decision to eliminate the base Essential trim for 2023. As a result, the lineup now starts with the Preferred trim at $48,999 (plus $2,651 freight and PDI). That model, by the way, is $2,000 above last year.
Photo: Dominic Boucher
It also means that all IONIQ 5 models are now equipped with a heat pump and battery preconditioning function that help preserve range in cold weather. By the way, the standard 58kWh pack makes it possible to travel up to 354 km with a full charge.
Next is the Preferred Long Range model, which uses a 77.4kWh battery to drive up to 488 km. Pricing for 2023 is increased by $1,000 to $52,999.
Photo: Dominic Boucher
The good news for the many Canadian customers who need all-wheel drive is that the dual-motor Preferred Long Range AWD model, which offers a range of 414 km, is still priced at $54,999. However, if you want to add the Ultimate Package (20-inch wheels, Vision sunroof and a lot more tech content), you’ll need to pay a premium of $6,000 from now on instead of $5,000.
Sadly, a rear window wiper is still missing…
Watch: Hyundai IONIQ 5 Overview
Keyword: 2023 Hyundai IONIQ 5 ’s Base Price Goes up $4,000 in Canada