By the time Hyundai unveiled its first electric vehicle (“EV”), the Kona EV back in 2018, the nascent EV sector had been claimed by Tesla and established automakers such Volkswagen and BMW. The South Korean automaker has since been working hard to catch up to the industry’s big players, and it seems it has come up with an offering that may give Tesla and the likes a run for their money. According to Hyundai, its new EV, the Ioniq 5, is filled with a plethora of features that make it superior to the average electric vehicle on the market.
The Ioniq 5 is the first EV Hyundai has built on a flattened chassis dubbed the Electric-Global Modular Platform (E-GMP), a dedicated platform that allows the company to offer EVs with larger, more spacious interiors. The platform also grants the vehicle fast charging capabilities; vehicles built with this platform are able to reach 80% capacity in just 18 minutes and zero to 100 kilometers of range in just 5 minutes.
In addition, one of the more useful features Hyundai has equipped the Ioniq 5 is bi-directional charging. This feature allows EV owners to use their car batteries to power electronic devices such as portable fridges and sound systems. While gas-powered vehicles can charge small devices such as mobile phones and laptops, anything larger will quickly drain their batteries. This means that folks who enjoy camping have to lug a generator or an extra battery whenever they want to go camping. The Ioniq 5, however, can play your tunes, power a portable oven, keep your food and drinks chilled, and slow charge another EV thanks to a power output of up to 3.5 kilowatts.
A series of promotional videos posted on YouTube have even shown Hyundai’s latest EV powering a treadmill. According to Heung Soo, a senior vice president at Hyundai and the head of product division for the automaker’s electric vehicle line, the Ioniq 5 is packed with features meant to increase the number of outdoor activities EV drivers can do with their cars. It is the first major EV model to offer bi-directional charging, and it will come with the option of installing a rooftop solar panel that will add up to 1,000 kilometers of range per year.
The Ioniq 5 will cost $46,000 (52 million won) before subsidies while the Kona EV will go for $43,856 (49 million won) without subsidies; the Palisade SUV will sell at $32,220 (36.4 million won), Hyundai’s website states.
As the race to become the leading EV maker gathers steam, the industry shouldn’t lose sight of other renewable forms of energy, such as hydrogen fuel cells for vehicles, which are attracting lots of investment capital from companies like Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF). The more the green energy options available, the better for motorists.
NOTE TO INVESTORS: The latest news and updates relating to Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) are available in the company’s newsroom at https://ibn.fm/MOTNF
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