The Hyundai Ioniq 5, a battery-powered compact crossover SUV, is a close relative of the Kia EV6. It offers a relatively low price point for the SEL model, $45,900—which is reduced by $7,500 thanks to a federal income tax credit. The Ioniq 5 comes with up to 303 miles on a single charge. A standard SE model with less range will start at $40,925, but it’s not expected to debut from Hyundai Motor Group until mid-2022.

The compact crossover market is the most crowded segment of electric vehicles. Available models include the Ford Mustang Mach-E, the Volkswagen I.D.4, and the Volvo XC40 Recharge. Luxury EVs like the Tesla Model Y is offered at a higher price point. Hyundai also offers a second, smaller electric crossover, the Kona Electric, starting at $35,245.

The Ioniq 5 with rear-wheel drive has a combined EPA rating of 114 MPGe (miles per gallon equivalent) and 98 MPGe with all-wheel drive (AWD). The $50,600 Limited model has the same range as the SEL but adds such amenities as a full-length “vision roof,” premium head-up display, blind-spot monitoring, and parking assistance. Buyers can upgrade any of the Ioniq 5 trims to AWD.

The standard Ioniq 5 battery (58 kWh), paired to a single rear battery, offers 168 horsepower. With the longer-range 77.4 kWh battery and rear drive, the car provides an impressive 225 horsepower and 258 pound-feet of torque. Add a second motor and the AWD Ioniq 5 jumps to an exciting 320 horsepower and 446 pound-feet. Moreover, the two-motor version can reach 60 mph in 5.2 seconds, compared to 7.4 in the one-motor iteration. All versions of the Ioniq 5 are rated to tow 2,000 pounds and reach a top speed of 115 miles per hour.

The Ioniq 5’s bright and airy interior features an EV advantage and a completely flat floor. Additionally, a large central console slides back and forth, and the front seats recline with footrests. There is a pair of 12.3-inch screens, with the digital dashboard on the left and infotainment/climate on the right).

The Ioniq 5 has 220 miles of range with the standard 58 kWh battery. The 77.4 kWh battery in the upper trims offers 256 miles (AWD) and 303 miles (RWD).

With the 11-kilowatt onboard charger, owners can recharge the Ioniq 5 from home in less than seven hours. Actual average recharge times will probably be less because most owners will not fully deplete their batteries in a day of driving. Owners will want to install a 48-amp home EV charging station with a standard J1772 plug for best results. According to the Department of Energy, more than 80 percent of EV charging happens at home.

The Ioniq 5 supports 400- and 800-volt charging. According to Hyundai, “The platform offers 800-volt charging capability as standard and can accommodate 400-volt charging without the need for additional components or adapters.” The company says that its multi-charging system is the world’s first patented technology to boost 400 volts to 800 volts.

The Ioniq 5 comes with two years of free 30-minute charging sessions (from the date of purchase) at Electrify America stations.