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Hyundai IONIQ 5’s base price goes up $250 for 2027, but it still starts at just $35,250

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Hyundai IONIQ 5’s base price goes up $250 for 2027, but it still starts at just $35,250

With prices starting at $35,250, the 2027 Hyundai IONIQ 5 is still one of the most affordable EVs on the market.

Just last month, several reports suggested Hyundai dealers were running out of IONIQ 5 inventory, with buyers being put on a waitlist.

Since it went on sale in late 2021, Hyundai’s electric SUV quickly became one of the most popular in the US.

For the 2025 model year, Hyundai introduced the first upgraded IONIQ 5, its first EV built in the US at its Metaplant outside of Savannah, GA.

To offset the loss of the $7,500 federal EV tax credit last year, Hyundai slashed prices on the 2026 IONIQ 5 by up to $9,800 on some trims. According to new order guide data reported by CarsDirect, prices for the 2027 Hyundai IONIQ 5 will start at $35,250, or $250 more than the current model.

That’s for the base 2027 Hyundai IONIQ 5 SE Standard Range model with an EPA-estimated driving range of up to 245 miles.

Upgrading to the extended-range SE RWD adds $2,500, starting at $37,750, with up to 318 miles of range. That’s also $250 more than the 2026 model.

Prices for the SEL trim start at $40,200, $400 more than the current IONIQ 5, while the XRT is getting a $250 price hike and now starts at $46,525. The Limited trim is $150 more, priced from $49,125.

Hyundai has yet to announce prices for the 2027 IONIQ 5 N, but last month it cut the 2026 model’s base price by $6,300.


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