The 2027 Hyundai IONIQ 5 is making waves in the electric vehicle (EV) market with its latest pricing and features. Since its debut in late 2026, the IONIQ 5 has become a favorite among EV enthusiasts, thanks to its innovative design and competitive pricing. Hyundai’s first EV built in the US, at its Metaplant outside of Savannah, GA, has seen significant updates for the 2026 model year, and the 2027 version continues this trend.
With the loss of the $7,500 federal EV tax credit last year, Hyundai responded by slashing prices on the 2026 IONIQ 5 by up to $9,800 on some trims. The 2027 model sees a slight price increase, starting at $35,250 for the base SE Standard Range model, which offers an EPA-estimated driving range of up to 245 miles.
2027 Hyundai IONIQ 5 Pricing Breakdown
The 2027 IONIQ 5 comes in various trims, each with its own pricing and range. The SE RWD model with extended range starts at $37,750 offering up to 318 miles of range. The SEL trim starts at $40,200 while the XRT and Limited trims start at $46,525 and $49,125 respectively. Hyundai has yet to announce prices for the 2027 IONIQ 5 N, but the 2026 model now starts at $59,900 after a significant price cut.
Comparing the IONIQ 5 to Competitors
The IONIQ 5 remains a competitive option in the EV market. It is more affordable than the Tesla Model Y which starts at $39,990 for the RWD and offers up to 321 miles of range. Even the IONIQ 5 SE RWD, with up to 318 miles of range, is about $2,000 less expensive. The IONIQ 5 was the third best-selling EV in the US in the first half of 2026, behind the Tesla Model Y and Model 3.
Starting at $35,000 the IONIQ 5 is priced similarly to competitive models like the 2027 Toyota bZ and Chevy Equinox EV. Hyundai’s sister company, Kia, offers the 2027 EV3 starting at just $30,000 but the IONIQ 5 provides more interior space and power.
Key Features and Changes for 2027
The 2027 Hyundai IONIQ 5 is a carryover model, meaning not much has changed. However, there are a few notable updates. Roof rails will be available across all trims and standard on SEL models and above, rather than just the XRT and Limited. Hyundai HomeLink will be exclusive to Limited trims, while the Cargo Cover will only be offered as an additional accessory.
Hyundai is also dropping the Gravity Gold Matte and Sage Silver Matte colors for the 2027 model. With the arrival of the 2027 models, you may be able to find better deals on the current 2026 Hyundai IONIQ 5. If you’re interested in seeing one in person, you can use our link to find IONIQ 5 models available near you.
The IONIQ 5 has proven to be a popular choice in the EV market, and the 2027 model continues to offer a compelling package of affordability and advanced features. As the EV market evolves, the IONIQ 5 remains a strong contender, offering a blend of innovation and value.
