Small Price Hikes, Familiar Lineup
Just last month, Hyundai slashed $6,300 off the Ioniq 5 N, dropping the 2027 performance EV to $59,900 before destination fees. That move was enough to make Tesla sit up and take notice, since the Hyundai now sits just $1,910 above the Model Y Performance’s $57,990 sticker.
Now, thanks to an ordering guide dug up by CarsDirect, we get a peek at what the regular 2027 Hyundai Ioniq 5 will set you back. The verdict? Yes, prices are up, but only by a hair – think $150 to $400 extra, depending on which trim you’re eyeing.
|
Trim |
2026 MSRP |
2027 MSRP |
Increase |
|
SE Standard Range |
$35,000 |
$35,250 |
$250 |
|
SE |
$37,500 |
$37,750 |
$250 |
|
SEL |
$39,800 |
$40,200 |
$400 |
|
Limited |
$48,975 |
$49,125 |
$150 |
|
XRT |
$46,275 |
$46,525 |
$250 |
What You Get for the Money
The 2027 SE Standard Range still holds the title of the cheapest Ioniq 5, coming in at $35,250 before destination charges. That gets you a 245-mile EPA-estimated range. If you want to stretch your legs a bit further, the longer-range SE bumps you up to 318 miles for $37,750.
The SEL gets the biggest bump, up $400 to $40,200. The rugged XRT climbs by $250 to $46,525, and the Limited barely moves, up just $150 to $49,125.
Aside from these price tweaks, Hyundai isn’t shaking up the Ioniq 5 lineup for 2027. The recipe stays the same: Standard Range for the budget-minded, and a longer-range version for those who’d rather not spend half their life at a charging station.
Of note, destination charges stick at $1,650, so your true entry price for a 2027 Ioniq 5 is $36,900 before you factor in any incentives.
Still Cheaper Than Tesla Model Y
Hyundai’s decision to keep the Ioniq 5’s pricing intact is an advantage over popular rivals in the EV segment, such as the Tesla Model Y. The cheapest Model Y starts at $39,990, while the 2027 Ioniq 5 SE Standard Range kicks off at $35,250. That’s a $4,740 MSRP edge for Hyundai before you even get to destination fees or incentives.
Of course, Tesla still wins the range game, with 357 miles on tap for the Model Y versus 245 miles for the base Ioniq 5. Step up to the 318-mile Ioniq 5 SE, though, and the price gap shrinks to $2,240 compared to the $39,990 Model Y.
So, while Hyundai isn’t putting Ioniq 5 prices on ice, it’s keeping things pretty accessible for another year. With the N version also dropping in price, Hyundai is clearly making affordability a bigger part of the Ioniq 5’s charm, especially with Tesla still looming as the main rival.
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