Hyundai has announced that its new Ioniq 5 electric car will be priced from £36,995.

The EV is the first model from the firm’s ‘IONIQ’ brand that’s dedicated to battery-powered models, and sits on a new platform that’s been designed specifically for electric cars. Hyundai says this allows for its unique proportions and long wheelbase, which offers an ‘innovative’ interior design.

Three powertrain options are available, with the first combining a 58kWh battery with a 168bhp electric motor. This rear-wheel-drive setup allows for a claimed range of 240 miles.

The other two use a larger 73kWh battery, which is available in a 214bhp rear-wheel-drive guise or a more powerful 301bhp all-wheel-drive setup. These can travel for a claimed 300 and 287 miles on a single charge. Speaking of charging, the Ioniq 5 can also be topped up at impressive speeds of up to 350kW, which means that an 80 per cent charge can be done in just 18 minutes using the quickest public chargers.

Prices kick off from £36,995 for the SE Connect model, meaning it narrowly misses out on the government’s £2,500 electric car grant, which is available for cars with a list price of £35,000 or less. Standard equipment is generous, though, and includes 19-inch alloy wheels, a 12.3-inch media system with navigation, a reversing camera, and Apple CarPlay and Android Auto. This trim is only available with the 58kWh battery.

Upgrading to the Premium, which is available with both battery options, adds dual LED projector headlights, heated front seats and additional safety technology. Prices for this start from £39,295.

At the top of the range, the Ultimate brings leather seats, electric and ventilated front seats, a Bose sound system and augmented reality head up display. A special ‘Vehicle 2 Load’ pack is also included, which allows the Ioniq’s battery to be used to charge other devices, such as high-power electrical equipment and even other EVs.

Ashley Andrew, managing director of Hyundai Motor UK, said “Hyundai is at the forefront of zero emission vehicle technology and is recognised as a leader in producing highly efficient electric vehicles.

“With Ioniq 5, we’ve taken this expertise and combined it with the highest level of progressive design to produce what has already become one of the most desirable models in our history. Ioniq 5 doesn’t change the game; it moves our EV offering on to a whole new level.”

First deliveries of the new model are expected later in the year, with a five-year unlimited mileage warranty also included.