Hyundai takes aim at Tesla's Model 3 with its bold Ioniq 5 EV
"The new Hyundai will rival not only the most affordable Tesla but also Volkswagen's latest ID model, the ID.4 SUV"
Hyundai is the latest car maker to unleash a new electric vehicle on the market, and it has clear intentions of taking down the market-leading Tesla Model 3.
The Ioniq 5 is a bold new family-size crossover to be launched under the Korean manufacturer's Ioniq' electric car sub-brand this summer.
Reports suggest entry models will cost less than £40,000 - when subtracting the value of the Government's £3,000 plug-in car grant - and it will be available with a choice of two battery sizes and a maximum driving range of 298 miles on a single charge.
Only models of the likes of Porsche's ultra-expensive Taycan electric sports car have provided 800V capability until now.
With it, the Hyundai supports up to 220kW DC charging, meaning a compatible rapid device can boost the battery capacity from 10 per cent to 80 % in 18 minutes. Customers will be able to add around 100km (62 miles) of range in just 5 minutes, the company claims.
Also unique at this price point is the facility for vehicle-to-grid charging, which isn't yet available on EV rivals.
It means that the car can not only become a mini generator to power devices but also push electricity back into the grid when not in use.
This could have financial benefits to motorists who could choose to supply energy to the network at peak times when it's most expensive and then draw it back during cheaper periods.
While this won't challenge the range-topping Tesla Model S Performance (which can hit 60mph in 3.1 seconds but costs £60,000), it does mean the Ioniq 5 will be a good match for the more affordable variant of the UK maker's smallest vehicle.
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