Hyundai plans to shake up the emerging EV market with its soon-to-arrive Ioniq 5, a new tech-laden SUV that has its crosshairs squarely locked on Tesla. The Ioniq 5 promises sprawling interior space due to its class-leading 3000mm wheelbase (the distance between the front and rear wheels). At that price the Ioniq 5 would undercut Australia’s top selling electric car, the Tesla Model 3, which starts at about $72,000 drive-away. President Chang says production of the Ioniq 5 will commence in March and that Hyundai plans to sell 70,000 for the remainder of 2021. It’s an important piece of a longer-term EV play from Hyundai to sell at least 12 different EV models by 2025.