Hyundai’s electric crossover has become one of the most talked-about EVs in the country, and the Ioniq 5 Price in Pakistan currently sits at a level that places it firmly in the premium segment. Hyundai Nishat Motors officially introduced the model with an ex-factory price of PKR 24,999,000, while imported and used units from Japan, Korea, China, and Indonesia are available at a wider range depending on model year, trim, and condition. This guide breaks down the official pricing, on-road costs, variants, specifications, and everything else a buyer needs before making a decision.
Official Ex-Factory Price in Pakistan
Hyundai Nishat Motors, the local assembler and distributor, launched the Ioniq 5 alongside its sedan sibling, the Ioniq 6. The official ex-factory pricing at launch was:
| Variants | Prices |
| IONIQ 5 Signature | PKR 24,999,000 |
| IONIQ 5 Smart | PKR 22,500,000 |
| IONIQ 6 Signature | PKR 24,000,000 |
Bookings for the Ioniq 5 opened at Hyundai showrooms in Lahore and Karachi, including Hyundai City Store outlets. Buyers should always confirm the latest ex-factory figure with an authorized dealership, since EV pricing in Pakistan is sensitive to import duty changes, exchange rate movement, and periodic revisions by Hyundai Nishat.
On-Road Price Breakdown
The on-road cost of the Ioniq 5 is higher than the ex-factory price because of additional charges applied at the time of registration. These typically include:
- Token tax (varies by province)
- Registration and number plate fee
- Withholding tax (higher for non-filers than for filers of income tax returns)
- Freight and handling charges for delivery to your city
- Optional insurance premium (comprehensive insurance is strongly recommended for EVs)
Because withholding tax rates differ for filers and non-filers, and token tax varies between Punjab, Sindh, and other provinces, the final on-road price can differ by several hundred thousand rupees depending on where the car is registered and the buyer’s tax filer status. It’s best to request an itemized on-road quote from your nearest Hyundai dealership before booking.
Used and Imported Unit Price Range
Alongside the officially assembled version, a large share of Ioniq 5 units in Pakistan are grey-market imports brought in privately from Japan, Korea, and other right-hand-drive markets. Prices for these vary widely based on age, battery health, mileage, and trim:
| Category | Approximate Price Range (PKR) |
|---|---|
| Used/imported (older model years, standard trim) | 12,000,000 – 15,000,000 |
| Imported, newer model year, Long Range trim | 15,000,000 – 19,000,000 |
| Ioniq 5 N (performance imported variant) | Around 18,900,000 |
| Higher trims / near-new imported units | Up to 24,999,000 |
Buyers going the import route should have the battery health, charging history, and accident record independently verified, since these factors affect resale value and long-term reliability far more than they would on a petrol car.
Variants and Trims Available
Depending on the source (official assembly or import), the following broad trim categories are found in the Pakistani market:
- Standard Range RWD – single motor, base trim, most affordable entry point
- Long Range AWD – dual motor, higher output, better all-weather traction
- N Line – sportier styling and interior touches, same core powertrain options
- Ioniq 5 N – high-performance dual-motor variant with significantly higher horsepower, imported units only
- SEL and Limited trims – higher-spec imported versions with extended feature lists
Color options commonly available include Atlas White, Cyber Gray, Digital Teal, Lucid Blue, Ecotronic Gray Matte, and Gravity Gold Matte, though availability depends on the specific import batch or dealership stock.
Specifications
| Specification | Detail |
|---|---|
| Battery Capacity | 72.6 kWh Lithium-Ion |
| Motor Power | Up to 225 hp (higher on performance trims) |
| Torque | Up to 605 Nm |
| Drive Type | RWD or AWD depending on trim |
| Range (per charge) | Up to 430 km |
| Charging Time (AC) | Around 6 hours |
| Top Speed | Approx. 200 km/h |
| Seating Capacity | 5 |
| Boot Space | 770 litres |
| Body Type | Compact Electric SUV/Crossover |
| Transmission | Single-speed, shift-by-wire |
Key Features
- Dual 12.3-inch integrated digital display (instrument cluster + infotainment)
- Vehicle-to-Load (V2L) function to power external devices from the car battery
- Advanced Driver Assistance Systems (ADAS) including forward collision warning
- Multiple airbags and Anti-lock Braking System (ABS) as standard
- Power steering, power windows, and climate control across trims
- Flat floor cabin layout due to the dedicated EV platform
Price and Spec Comparison with Rivals
| Model | Approx. Price in Pakistan (PKR) | Range | Drive |
|---|---|---|---|
| Hyundai Ioniq 5 | 22.5 million (official) | Up to 430 km | RWD/AWD |
| Hyundai Ioniq 6 | 23.0 million (official) | Higher (sedan aero) | RWD/AWD |
| BYD Atto 3 (imported) | Lower, mid-range EV segment | Around 400+ km | FWD |
| Kia EV6 (imported) | Comparable to Ioniq 5 | Around 480 km | RWD/AWD |
| Tesla Model Y (grey import) | Higher than Ioniq 5 in most cases | Around 450+ km | RWD/AWD |
The Ioniq 5 sits in a competitive bracket where imported alternatives from Kia and Tesla offer similar range, while more affordable Chinese EVs undercut it significantly on price.
Import Duties and Taxation Context
Pakistan’s electric vehicle import structure directly affects why prices vary so much between officially assembled units and privately imported ones. Officially assembled vehicles typically carry a more predictable tax structure negotiated under Hyundai Nishat’s local assembly arrangement, while individually imported used units are subject to customs valuation, age-based depreciation formulas, and applicable duties at the point of clearance. Government EV policy incentives, where active, can reduce these duties for electric vehicles compared to petrol equivalents, which is part of the reason EV imports have picked up pace in recent years. Buyers should check the current duty structure with a customs agent or the dealership before finalizing an import, as these rates are reviewed periodically.
Financing Options
Hyundai Nishat Motors has introduced structured EV financing and installment plans to make the Ioniq 5 more accessible, allowing buyers to spread the cost over a fixed tenure rather than paying the full ex-factory amount upfront. Some periods have also seen promotional low-markup or 0% markup financing campaigns on Hyundai’s broader lineup, so it is worth checking current offers directly with a dealership, since these campaigns are time-limited and change frequently.
Ownership and Running Costs
- Electricity cost per km is significantly lower than petrol, especially when charged during off-peak tariff hours
- Routine maintenance is generally lower than combustion vehicles due to fewer moving parts
- Battery health and degradation over time is the main long-term cost factor to monitor
- Spare parts and after-sales support are more readily available for officially assembled units than for grey imports
- Home charging setup cost should be factored into the total ownership budget
Pros and Cons
Pros:
- Strong range of up to 430 km per charge
- Spacious, flat-floor cabin with modern tech
- Official Hyundai Nishat backing for assembled units means better warranty and service support
- Fast-charging capability reduces downtime
Cons:
- High upfront price compared to petrol SUVs in a similar size class
- Charging infrastructure in Pakistan is still developing outside major cities
- Grey-import units carry uncertainty around battery health and warranty
- On-road price can rise significantly with taxes for non-filers
The Ioniq 5 remains one of the most complete electric SUVs available in Pakistan today, combining strong range, a spacious interior, and official manufacturer backing for buyers who choose the Hyundai Nishat-assembled route. For buyers comparing options purely on cost, imported alternatives may offer savings, but with added uncertainty around battery condition and after-sales support. Anyone finalizing a purchase should confirm the latest on-road figures directly with an authorized dealer, since EV pricing in Pakistan continues to shift with duty structures and currency movement.
What is the Ioniq 5 Price in Pakistan currently?
The official ex-factory price is PKR 22,500,000, while imported and used units range roughly between PKR 12,000,000 and PKR 24,999,000 depending on trim and condition.
Is the Ioniq 5 assembled locally or imported?
Hyundai Nishat Motors officially introduced it as an imported electric crossover distributed through its local dealership network, while separate grey-market imports are also available from other countries.
What is the real-world range of the Ioniq 5?
Up to 430 km on a full charge, depending on driving conditions and trim.
Are spare parts easily available in Pakistan?
Parts for officially distributed units are more readily available through Hyundai’s dealer network; grey-import units may face longer wait times for specific components.
Does Hyundai offer financing for the Ioniq 5?
Yes, Hyundai Nishat Motors has introduced structured EV financing and installment plans, though terms and promotional rates should be confirmed directly with a dealership.
