2027 Hyundai IONIQ 5 prices revealed, starting at $35,000

Hyundai has set prices for the 2027 IONIQ 5 electric SUV, and they're close to what the current model costs. The base SE Standard Range trim starts at $35,250, just $250 more than the 2026 version, with an EPA-estimated range of up to 245 miles. Stepping up to the SE with extended range costs $37,750 and gets you up to 318 miles. Higher trims see similarly small increases: the SEL starts at $40,200, the XRT at $46,525, and the Limited at $49,125. A performance version, the IONIQ 5 N, hasn't had 2027 pricing announced yet.

For context, the IONIQ 5 remains one of the more affordable electric SUVs on the market. It costs less than a Tesla Model Y with comparable range, and it's priced in the same range as the 2027 Toyota bZ and Chevy Equinox EV. Kia's related EV3 starts lower, at $30,000, though the IONIQ 5 is a larger vehicle with more interior room.

Not much else is changing for 2027 — this is considered a carryover model. Roof rails will now come standard on more trims, a home charging feature called HomeLink will be limited to the top Limited trim, and two paint colors are being discontinued. If you're shopping for an electric SUV and comparing purchase price against potential rebates or charging costs at home, this gives a clearer picture of what a new IONIQ 5 will run in the coming model year. Buyers may also find deals on the outgoing 2026 model as dealers clear inventory for the new one.