Hyundia IONIQ 5 pricing in Canada announced, starts under $45,000

Ioniq 5
Image via Hyundai

Just one month before they are scheduled to arrive in showrooms in Canada, Hyundai has announced pricing for the 2022 IONIQ 5 electric crossover.

The IONIQ 5 will be available in five different trim options, and pricing will be extremely competitive.

Starting with the base ‘Essential’ variant, which comes with 354km (219 miles) of range, pricing is as low as $44,999 CAD.

There will also be a Preferred variant with the same 354km range ($46,999), Preferred Long Range with 480km of range ($51,999), Preferred AWD Long Range with 415km of range ($54,999), and Preferred AWD Long Range with Ultimate Package with 400km of range ($59,999).

Since the base model is priced under $45K, that means all models except the top-of-the-line variant should qualify for the $5,000 iZEV federal rebate.

Hyundai Canada says the first cars will be arriving in December, and will be distributed across the country to the more than 2,000 customers who have placed a pre-order.

You can read more about the specs of the IONIQ 5 here.

Here is the full list of prices for the IONIQ 5 in Canada, which do not include $1,825 in freight and PDI charges.



M.S.R.P. ($CAD)


354 kilometres



354 kilometres


Preferred Long Range

480 kilometres


Preferred AWD Long Range

415 kilometres


Preferred AWD LR w/Ultimate Package

400 kilometres


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Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca