The total annual sales target for the first year is set at 26,500 units.
The large-compact electric crossover was revealed only a few days ago.
The Ioniq 5 may turn out to be a greater success story than even Hyundai expected. In Korea, pre-sales for the new EV has smashed records and in the process has caused something of a headache for the competition.
In Korea, the Ministry of Environment allocates subsidies for the purchase of 75,000 EVs nationally. With just shy of 24,000 hand-raisers already on board for the Ioniq 5, this leaves precious few spots for the competition to use as leverage to encourage potential buyers to get in a new EV.
As reported by Media Naver, Hyundai said (translated from Korean): “The reason why Ionic 5 was able to get an explosive response from customers in one day was because it responded to the demands and expectations of customers for the first exclusive electric vehicle for Hyundai Motor Company that will provide a whole new experience with innovative design and advanced technology.”
We have to agree that the new Ioniq 5 is certainly an appealing product. With a number of powertrain configurations available, a modern and sleek design to go along with a spacious and advanced interior, it should do well globally.