Hyundai Ioniq 5 adds Epiq model, more power, longer range – but at a price

October 18, 2022November 28, 2022 Toby Hagon 6368 Views Hyundai

The 2023 Hyundai Ioniq 5 has a new model variant, more power and longer driving range – but prices have crept up for the next batch of the electric SUV arriving in Australia.

Key to the updates to the Hyundai Ioniq 5 is the addition of a new model grade known as Epiq.

In line with its positioning at the top of the Ioniq 5 lineup, the Epiq gets a dual-motor all-wheel drive drivetrain and is priced from $85,000 plus on-road costs.

The Epiq will sit above the entry-level Dynamiq and now mid-grade Techniq, each of which has increased in price.

The updated Hyundai Ioniq 5 has a new Epiq model with cameras replacing side mirrors — The updated 2023 Hyundai Ioniq 5 has a new Epiq model and there is a fraction more power, but prices have crept up.

COMPARISON TEST: Hyundai Ioniq 5 vs Kia EV6 vs Tesla Model 3 vs Polestar 2

The Dynamiq now sells from $72,000 (plus on-roads), which represents a $2100 increase over the updated car that underwent a minor price reduction earlier this year. The Techniq is $79,500, $2000 more than previously.

Offsetting the price increases is a bigger battery pack, with the Ioniq 5’s capacity now matching its Kia EV6 sister car that utilises the same E-GMP architecture.

Battery capacity has increased from 72.6kWh to 77.4kWh, in turn increasing the claimed driving range.

The WLTP range for the single-motor Dynamiq has increased to 507km (previously 480km). Power also inches up from 160kW to 168kW, while torque is unchanged at 350Nm.

The dual-motor Techniq also gets a power boost to 239kW (up from 225kW) with torque the same 605Nm. The increased power comes from a 165kW/350Nm rear motor and a 74kW/255Nm front motor.

The Ioniq 5 Epiq uses that same 239kW/605Nm dual-motor drivetrain.

Techniq and Epiq models have a WLTP range of 454km, up from 430km.

The Epiq also gets new tech, including a standard panoramic sunroof. Cameras also replace the exterior side mirrors, displaying a real-time image on screens placed high on each front door.

Equipment for the single-motor Dynamiq and dual-motor Techniq is unchanged.

“These important updates make zero-emission motoring with Hyundai even more appealing, with the 2023 Ioniq 5 delivering improvements in all the areas our customers already love about EVs,” Hyundai Motor Company Australia Chief Executive Officer, Ted Lee, said.

“From a new flagship model, to improved range and power right across the lineup, this is a comprehensive update that improves the IONIQ 5 formula in every way.”

One thing that won’t change much with the Ioniq 5 is difficulty getting hold of them.

The first batch of the 2023 models goes on sale online from 1.00pm AEDT on 26 October.

There will only be 200 cars, all of which will be Dynamiq and Techniq variants (Epiq models will be available at a later date). The 200 new Ioniq 5s will be available everywhere in Australia except the Northern Territory.