- Ioniq 5, 6 and 7 planned
- Sold alongside current Ioniq products
- First product rolls out next year
- Includes two SUVs and a sedan
- Pricing estimated from under $40,000 to $60,000
Hyundai will launch a new range of electric vehicles grouped under the Ioniq nameplate sold alongside its existing Ioniq Hybrid, PHEV, and EV models. While the Korean automaker calls its new stable of electrics a brand, at least in the U.S., there are no immediate plans to create a separate division like Genesis.
The new electrics feature two SUVs, as well as a sedan. They will sell as the Ioniq 5, 6, and 7. Even numbers are traditional sedans, while odd numbers designate SUVs. The first model up is the Ioniq 5, a compact SUV which bows in 2021. The Ioniq 6 midsize sedan follows the next year. That car takes its cues from the recent Hyundai Prophecy electric show car. The Ioniq 7, a large SUV, debuts in 2024.
New Ioniq EV architecture
The new family of EVs ride on an all-new architecture Hyundai calls the Electric Global Modular Platform or E-GMP for short. Hyundai says the new platform enables re-imagined interiors that make up a “smart living space.”
As a result, expect new approaches to cabin design. Hyundai says these features include highly adjustable seats, greater wireless connectivity, and glove boxes that work like drawers.
Estimated pricing
We expect pricing to range from $40,000 to $60,000 for the Ioniq 5, Ioniq 6 and Ioniq 7. The model lineup will be similar to Tesa’s Model 3 sedan, Model Y crossover and Model X full-size SUV. The Ioniq 5, which will compete with Model Y, should come in at or below Tesla pricing of $49,900. The Ioniq 6 should be on par with the Model 3 sedan’s $37,990. The full-size SUV Ioniq 7 even at $60,000 would be considerably less than the base Model X which retails for $79,900.
Current Ioniq and Hyundai EV models to continue
Even as Hyundai rolls out its Ioniq EVs, it will continue to sell the current Ioniq hybrid, plug-in hybrid, and EV hatchbacks as well as the Kona EV and Nexo Fuel Cell vehicles.
According to a Hyundai spokesperson, “The existing first-generation Ioniq vehicles will continue and be referred to as Ioniq + powertrain — e.g. ‘Ioniq Plug-In,’ ‘Ioniq Electric’ and ‘IONIQ Hybrid’ — to help differentiate them in the lineup. New Ioniq models will follow the numeric naming system. In North America, you will see Ioniq 5 and the existing Ioniq family being sold together.”
