Hyundai is offering the
2023 Hyundai IONIQ 5 Electric Vehicle from
$41,450 with
24, 36 or 48-Month Financing starting as low as
0.99% APR and
$0 Down Payment for very well-qualified buyers when purchased between 6/14/2023 through 7/5/2023.
Thanks to community member
fireserphant for sharing this deal.
- Note: Pricing and availability will vary depending on your selected options and available inventory.
Limited-Time Special Financing Options:
- 0.99% APR (up to 36 months) at $28 per $1,000 financed for qualified buyers.
- 0.99% APR (up to 48 months) at $21 per $1,000 financed for qualified buyers.
- Must be financed through Hyundai Motor Finance (HMF). Tax, title and license extra.
- See your participating Hyundai dealer (dealership locator) for more details.
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On a related note, the NHTSA just opened an investigation into the Ioniq5 due to reports that some Ioniqs are losing power while being driven. Not a full recall as of yet but enough complaints, around 30, to warrant a closer look. https://www.caranddrive
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Smart discretionary money stays far away from the current EV market.
As for Toyota, that would be awesome, but they're definitely marking their new EV way up at the dealers and it can't even match the performance or specs of the Mustang, Ioniq 5/6, EV6 or Teslas.
https://www.greencarreports.com/n...us-in-2012 [greencarreports.com]
Hilariously- the car they intended that to be true for, not so much... but they DID, technically, launch a BEV in the US in 2012... using a Tesla powertrain (the 2012 Rav4 EV)- though they only made about 2500 of them total and only sold them in a couple places in California.
Years from now Toyota is gonna be a cautionary tale case study in business schools right along with Blackberry and Nokia.
However, they're betting the future on Fuel Cells and they believe it is only a matter of time before those replace the EVs.
However, they're betting the future on Fuel Cells and they believe it is only a matter of time before those replace the EVs.
This feels a bit like the betamax vs VHS and CD-Rom vs CD-I history. Is this the start of the entire industry embracing a singular charging standard and if so does that mean EVs will be the foreseeable future of cars? It makes you wonder if the likes of Toyota are shooting themselves in the foot or seriously having a chance to leave everyone else in the dust. At the moment it seems that even though EVs have some serious shortcomings, it also feels like we re on a point of no return. Standards take very long to develop, and even longer to move away from.
This feels a bit like the betamax vs VHS and CD-Rom vs CD-I history. Is this the start of the entire industry embracing a singular charging standard and if so does that mean EVs will be the foreseeable future of cars? It makes you wonder if the likes of Toyota are shooting themselves in the foot or seriously having a chance to leave everyone else in the dust. At the moment it seems that even though EVs have some serious shortcomings, it also feels like we re on a point of no return. Standards take very long to develop, and even longer to move away from.
This feels a bit like the betamax vs VHS and CD-Rom vs CD-I history. Is this the start of the entire industry embracing a singular charging standard and if so does that mean EVs will be the foreseeable future of cars? It makes you wonder if the likes of Toyota are shooting themselves in the foot or seriously having a chance to leave everyone else in the dust. At the moment it seems that even though EVs have some serious shortcomings, it also feels like we re on a point of no return. Standards take very long to develop, and even longer to move away from.
1. Giving Elon a 10+ year headstart.
2. Removed V6 from Lexus RX - WTF! You can argue that the 4-cyl produces similar power - but in my opinion, it won't be as smooth. Sure gas mileage would be lower with 6-cyl but not everything in life is about gas mileage.
3. Mirai: "With this setup, the 2022 Toyota Mirai electric makes 182 hp and 221 lb. -ft., giving a 0-60 time of 9.35 seconds" - Really - 9.35seconds for 0-60 - I understand help the environment and all that stuff - but 9.35 seconds - that car is not interesting for the amount of money you pay for it.
I have mostly bought Toyota/Lexus until now - but it is very much looking like my next car would not be from Toyota/Lexus.
I have mostly bought Toyota/Lexus until now - but it is very much looking like my next car would not be from Toyota/Lexus.
I think companies like Hyundai need another few years to work through their electic car teething problems before I'd buy one.
I don't like how Tesla sells their cars. $2k for red paint, many k's for software updates. If you get a new Tesla cheap, chances are they'll wring more money out of you by hook or by crook. They have pretty much said as much.
I think companies like Hyundai need another few years to work through their electic car teething problems before I'd buy one.
I don't like how Tesla sells their cars. $2k for red paint, many k's for software updates. If you get a new Tesla cheap, chances are they'll wring more money out of you by hook or by crook. They have pretty much said as much.
The number of hydrogen filling stations is a catch-22. If they used Hydrogen to create a car that was faster than conventional (in 0-60 performance), there would be a lot more people willing to buy the car - in turn driving up the demand for the Hydrogen stations. However, as I said - Mirai is a joke - 9.35seconds for 0-60? My 15-year old car gets there 50% faster.
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Almost like winning a magazine award doesn't make it a car actually worth buying compared to alternatives or something....
Again... what?
The current tax credit STILL does not include Hyundais. It NEVER did and was NEVER meant to.
Nothing was "changed to include them"
I agree someone is ignorant here but it ain't me
You're the one who claimed there was "confusion" the first few months of the year and they "ironed it out" when in reality the tax credit Jan 1 and the tax credit today work exactly the same for Hyundais.
That is- buyers don't qualify for it.
Leases do.
There was no time, ever, when as you claim "the tax credit didn't apply to them for a few months" but was then "ironed out"
This is in fact why Hyundai is now scrambling to figure out building EVs in the US- so that they'd finally qualify for at least part of the current credit.
That was an entirely different credit.... different law, no price or income limits, no manufacturing or materials requirements, and a hard cap on total sales per car maker.
That credit went away Dec 31, 2022. Again there were no "months of ironing out" anything as related to Hyundai- it was a known, clear, switchover from one credit in 2022 and before to a different one (that never applied to buying a Hyundai) in 2023 starting Jan 1 and continuing through today.
So this is just factually wrong.
Kia/Hyundais first EVs with what most consider "good enough" range were the the Kia Niro (238 range) and the Hyundai Kona, with even more range (258) both of which went on sale in 2019....both offering similar or better ranges than the Chevy Bolt or Nissan Leaf-- though finding themselves unable to outsell them. Then in 2020 launched the 2nd gen Soul EV also with comparable range.
Then the Kia EV6 and The Ioniq 5 (the car this thread is about) went on sale in the US in 2021.
So that's 5 models on the market before "just last year" and 3 of them on the marker for 3+ years.
I think you mean just shy of 500,000?
https://insideevs.com/news/652873...ales-2022/
And that was BEFORE lower prices and the tax credit (which they didn't qualify for at all in 2022)
Hyundai does not expect to have their whole fleet switched to EVs for at least ten more years likely nearer 15... so that's a weird question.
But let's dig into the numbers a bit since you bring them up....
https://www.best-selling-cars.com...-by-model/
That's 2022 total US sales for Hyundai, at 724,265
https://www.prnewswire.
That's 2022 total US sales for Kia, at 654,554
So you again appear to be fudging your figures a bit-- those add to 1.378 million, not 1.5
Further, Hyundai sales were DOWN just over 2%, while Kias were up 1.7%... so overall they were DOWN slightly from 2021.
Tesla, in contrast, had sales just under 500k as previously cited in the US... and that was an INCREASE of 41 percent year over year
In Q1 2023 Tesla sales in the US were up 55% YoY at 170,000 for just Q1. Q2 is looking to be even higher.
Which means Tesla is likely to come in around 700,000-750,000 US sales -this- year.
Now, some good news for Kia/Hyundai- their Q1 sales were also up YoY... 12 and 16% respectively... this would bring them (assuming it was sustained all year) up to around...1.57 million sales.
So in one year Tesla will have gone from selling only 1/3rd as many cars in the US to selling about 1/2 as many.
And again, Tesla sales have been growing at this average 50% rate every year for years and they expect to keep doing so.
Anyway, what do I think happens when Hyundai is all EVs?
When do you think that happens?
I ask- because Hyundai said this week that their goal for 2030 is to sell 2 million EVs worldwide not just US sales. And that's only half their annual worldwide sales.
So they only expect to have half their fleet as EVs by 2030- at 2 million EVs a year.
Tesla is going to sell quite near 2 million EVs worldwide this year
Their stated goal for 2030 is 20 million. (and that'd actually be a bit of a slowdown from their previous 10 years of 50% CAGR- at 50% growth they'd hit 20 million in 2029)
1. Giving Elon a 10+ year headstart.
2. Removed V6 from Lexus RX - WTF! You can argue that the 4-cyl produces similar power - but in my opinion, it won't be as smooth. Sure gas mileage would be lower with 6-cyl but not everything in life is about gas mileage.
3. Mirai: "With this setup, the 2022 Toyota Mirai electric makes 182 hp and 221 lb. -ft., giving a 0-60 time of 9.35 seconds" - Really - 9.35seconds for 0-60 - I understand help the environment and all that stuff - but 9.35 seconds - that car is not interesting for the amount of money you pay for it.
I have mostly bought Toyota/Lexus until now - but it is very much looking like my next car would not be from Toyota/Lexus.
....what? Virtually nobody buys fool cell cars, or wants them. They're a pointless technology for consumer vehicles that add useless complexity at every step from building to fueling to owning. It's pumped by fossil fuel companies because nearly all hydrogen fuel is still made from fossil fuels so it's not even a clean option either.
Even Toyotas own head engineer on their fuel cell car admitted, years ago, it's a stupid technology inferior to just using batteries...it was just Toyota had nothing else
https://electrek.co/2017/10/26/to...-hydrogen/
Have you looked at the price and specs and the sales numbers? It's absolute garbage and nobody is buying them. AND they needed help from Subaru of all companies to even get that piece of junk on sale- and then had to STOP sales for months because the wheels would literally fall off. They made an EV, then screwed up the one part having nothing to do with being an EV.
(Relevant to this- the range on even the LONGEST range version is no better than the 3 different Kia/Hyundai EVs you insisted DID NOT COUNT as being on the market previously because the range wasn't good enough despite being about the same as the Bolt and Leaf that outsold them- and most trims are worse than some of those 2019 Hyundai EVs)
The Lexus version is even worse, with a version under 200 miles of range.
The number of hydrogen filling stations is a catch-22. If they used Hydrogen to create a car that was faster than conventional (in 0-60 performance), there would be a lot more people willing to buy the car - in turn driving up the demand for the Hydrogen stations. However, as I said - Mirai is a joke - 9.35seconds for 0-60? My 15-year old car gets there 50% faster.
-According to Consumer Reports' annual reliability survey, Hyundai ranked No. 6 among 26 brands.
-RepairPal: The Hyundai Reliability Rating is 4.0 out of 5.0, which ranks it 4th out of 32 for all car brands.
-Jdpower: Highest-Ranked Brands Kia ranks highest overall in vehicle dependability, with a score of 145 PP100. This is the first year Kia leads the overall ranking after ranking third overall in 2021. Other mass market brands ranking high for vehicle dependability include Buick (147 PP100), Hyundai (148 PP100), Toyota (158 PP100) and Dodge (166 PP100).
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That said, with EVs I wonder if leasing isn't better, at least for now. Replacing batteries in say 5 yrs again gonna be cheap. But after a 3 yr lease the technology will be noticeably improved.
This remind me of Film Photographers who won't stfu about their "classic look" and how DSLR always need battery.
It sounds stupid back then and still sounds stupid now
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