Hyundai Ioniq 5 ushers in Dynamiq, Techniq models, prices lowered

• 2022 Ioniq 5 ushers in Dynamiq and Techniq model grades
• Ioniq 5 pricing reduced
• Ioniq 5 Dynamiq priced from $69,900 plus on-road costs
• Ioniq 5 Techniq priced from $77,500 plus on-road costs
• Augmented reality head-up display now standard
• V2L powerpoint added in the cabin
• Panoramic sunroof one of the features deleted from standard spec

The Hyundai Ioniq 5 electric SUV has had a range revamp that also makes it more affordable.

Instead of a single specification available in single- or dual-motor versions, Hyundai has added two distinct model grades for the 2022 update.

The new Ioniq 5 models for 2022 are known as Dynamiq and Techniq.

The Ioniq 5 Dynamiq is only available as a single-motor, rear-wheel drive while the better-equipped Techniq adds a front motor to create all-wheel drive.

But the big news for the updated Ioniq 5 is reduced prices, something almost unheard of in 2022.

The updated 2022 version of Hyundai’s flagship EV is now priced from $69,900 before on-road costs, making it $2000 more affordable than the model it replaces.

At that price it is still too expensive to take advantage of the EV rebates being offered in most parts of Australia.

The new Ioniq 5 gets the same 160kW/350Nm electric motor powering the rear wheels and is fed by the same 72.6kWh battery. The WLTP range has increased from 451km to 481km, although the Ioniq 5 still misses out on the slightly larger (77.4kWh) battery used in the Kia EV6 sister car.

The Dynamiq loses some equipment as part of its price repositioning but also picks up some additional features.

The standard wheels on the Ioniq 5 Dynamiq drop from 20-inch units to a 19-inch design wrapped in Michelin rubber for a model Hyundai describes as a “mid-spec” version of the electric SUV.

That still leaves room below it for an entry-level model, as is offered in some overseas markets.

For the entry-level Ioniq 5 the panoramic sunroof has also been deleted, as has the electrically-sliding and heated rear seats.

But the Dynamiq now picks up an augmented reality head-up display and a vehicle-to-load (V2L) function that can supply up to 3.6kW via a standard 230V outlet in the cabin (previously the V2L function required an adaptor to be plugged into the charging port). V2L allows the powering of any electronic device, from camping gear and tools to charging another EV.

Those features come on top of a still-high level of specification that includes parking sensors front and rear, wireless phone charging, powered and heated front seats, smart key entry, surround view camera, powered tailgate, ambient lighting, four USB ports, dual-zone ventilation and an eight-speaker sound system.

The Ioniq 5 Dynamiq also gets a full suite of safety gear, including autonomous emergency braking (AEB), blind spot warning, driver monitor, rear cross traffic alert and safe exit assist.

Topping the new Ioniq 5 lineup is the Techniq, which is priced from $77,500 before on-road costs.

It gets the same dual-motor all-wheel drive system that pairs a 70kW/255Nm front motor with the rear motor that makes 155kW/350Nm. Combined, the two produce 225kW and 605Nm and the WLTP EV range remains at 430km.

Over the Dynamiq, the Techniq gets more equipment and is closer in specification to the original AWD model it replaces. 

That means 20-inch wheels and Michelin tyres, relaxation front seats (they can recline when parked for added comfort when charging), ventilated front seats, heated steering wheel, memory positions for the front electric seats and rear side blinds.

The panoramic sunroof that was previously standard is now $1500 and only available on the Techniq model.

Matte paint is available on both Dynamiq and Techniq for another $1000.

Both the Ioniq 5 Dynamiq and Techniq utilise the same E-GMP platform that underpins a range of current and future Hyundai, Kia and Genesis models.

It can charge at up to 800V and accept up to 240kW of charge. The Ioniq 5 can add about 300km of range – charging from 10-80 percent – in about 18 minutes.

Slower AC charging is done at up to 10.5kW, meaning a full charge in about seven hours. Charging from a regular powerpoint would take around 32 hours.

As before, it will still be a challenge getting hold of an Ioniq 5.

Only a few hundred are likely in the remainder of 2022. It starts with an initial batch of 119 cars and the promise of more in August.

The Ioniq 5 is a rarity in undergoing a price reduction.

Almost every EV on the market is more expensive today than it was a year or two ago.

While inflation has clearly played a role in the various price rises, it also appears some brands are using the economic environment to bolster profits.

Hyundai Ioniq 5 Dynamiq specifications

Price: $69,900, plus on-road costs

Basics: EV, SUV, 5 seats, RWD

Range: 481km (WLTP)

Battery capacity: 72.6kWh

Battery warranty: 8 years/160,000km, guarantee of 70 percent of original capacity

Energy consumption: 16.8kWh/100km

Motor: 1 front, 160kW/350Nm

AC charging: 10.5kW, Type 2 plug

DC charging: 240kW, CCS combo plug

0-100km/h: 7.4 seconds

Hyundai Ioniq 5 Techniq specifications

Price: $77,500, plus on-road costs

Basics: EV, SUV, 5 seats, RWD

Range: 430km (WLTP)

Battery capacity: 72.6kWh

Battery warranty: 8 years/160,000km, guarantee of 70 percent of original capacity

Energy consumption: 19.0kWh/100km

Motors: 1 front, 70kW/255Nm, 1 rear, 155kW/350Nm, combined outputs 225kW/605Nm

AC charging: 10.5kW, Type 2 plug

DC charging: 240kW, CCS combo plug

0-100km/h: 5.2 seconds