The hugely popular Hyundai IONIQ 5 will become substantially more expensive from 2023, as the manufacturer gets rid of the entry-level Essential version altogether. The new basic version thus becomes the Preferred version, and its retail price is $51,650. So we understand that an IONIQ 5 sold new under the $50,000 mark is already a thing of the past.
More expensive, better equipped
By eliminating the old entry version from the range, last year’s mid-range version thus becomes the new basic version for 2023. The latter, the Preferred, is also equipped with a heat pump that produces heat by using less battery energy, something that was not found in the old basic version.
The price of the other versions on the market is also increasing for 2023, while the long-range Preferred version, which has a range of 488 kilometers, sees its price jump by $ 1,000, to $ 54,924. On the other hand, the latter does not benefit from any change compared to 2022. The rear wiper is still absent for all versions.
The Preferred AWD version, the most expensive, does not see its price increase as such ($56,924), but the Ultimate option package, which includes larger rims and a more luxurious interior, goes from $5,000 to $6,000.
Which electric vehicles retail for less than $50,000?
For 2023, electric vehicles that retail below the $50,000 mark are becoming increasingly rare. Vehicles under $50,000 are:
- 2023 Chevrolet Bolt/2023 Bolt EUV: $40,698/$42,348;
- The 2023 Hyundai Kona Electric: $47,035;
- The 2023 Kia Soul EV: $47,824;
- 2023 MINI Cooper S E: $47,725;
- The 2023 Nissan LEAF: $41,560;
- The 2023 Toyota bZ4X: $46,910;
- The 2023 Volkswagen ID.4: $45,945.
It should be noted, however, that other models will likely sneak below this $50,000 mark for 2023, such as the Mazda MX-30, the Kia Niro EV or, perhaps, even the Kia EV6. At the time of writing, however, only eight electric vehicles will be sold in the country under $50,000 as 2023 models.