2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs

The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. It will be a new and likely very competitive entry in what will soon become a crowded field of EVs in the popular “compact crossover” segment. 

It’s not the first such EV: the Ford Mustang Mach-E, Tesla Model Y, and Volkswagen ID.4 are already on sale. Upcoming entries include the Audi Q4 e-tron, Kia EV6, Nissan Ariya, Subaru Solterra, Toyota bZ4X, and a Chevrolet crossover to be launched in 2023. And that list only includes crossovers that offer standard or optional all-wheel drive.

But the Ioniq 5 and its underlying technology show how serious Hyundai-Kia has become about offering EVs that appeal to mass-market buyers. It’s the first of 23 new battery-electric vehicles the company plans to launch by 2025, under three brands, and they’re targeting total global sales of a million EVs by the end of that year.