The All-New 2022 Hyundai Ioniq debuted in South Korea today. It is the first in a planned family of electric vehicles that it aspires to place itself into the third rank of global EV makers by 2025.
Hyundai and its sister concern Kia together aims to sell 1 million EVs in 2025. The launch of Ioniq 5 is part of Hyundai's long-term plan to capture 10% of global EV sales by 2025.
Hyundai has plan to bring in 23 global electric vehicles on the way between now and 2025, and Ioniq 5 will be the first new electric compact crossover. The Ioniq 5 will be sold in both rear- and all-wheel-drive versions sport a futuristic design, and comes with fast-charging capability.
The Ioniq 5 will ride on the Electric-Global Modular Platform (E-GMP) that will underpin forthcoming electric vehicles from both Hyundai and Kia. This platform gives the EV 77.4 kWh of usable battery and will have a maximum driving range of about 298 miles (480 km). The range is up nearly 20% from the Kona EV which currently has the longest range in Hyundai's EV lineup.
The Ioniq 5 is the first vehicle in a new all-electric lineup from Hyundai. The Ioniq 6, a sedan, and Ioniq 7, an SUV, are due in 2022 and 2024 and will expand the full-electric Ioniq lineup.