After what feels like years, Hyundai has finally released pricing of the next generation of its IONIQ EV, the It may or may not be cheaper than you expected.

Riding on Hyundai’s , the IONIQ is no longer the compact liftback we’ve come to know. While it appears that it’s a small hatchback, Hyundai says it’s a crossover. I don’t see it. But anyway.

The base IONIQ is the SE Standard range. While it’s the cheapest in the lineup, it’s also the least powerful and has the lowest range. With 168 horsepower from its rear motor and 220 miles of range, the SE Standard Range will start at $39,700. Hyundai is quick to point out that after the $7,500 Federal Tax Credit that that price drops to $32,200. While attractive, you’re going to have to wait if you want one. Hyundai says the SE Standard Range won’t be available until Spring 2022.

Range and power for the other trim levels varies based on whether you want the dual motor AWD version or the single motor RWD version. You get either 255 HP with RWD or 320 HP with AWD. Range is either 256 with AWD or 303 miles with RWD.

In typical Hyundai fashion, the IONIQ 5 will come packed with standard features, including:

800-volt, 350 kW ultra-fast charging19-inch aero wheels12.3-inch touchscreen navigation with EV technology displayAndroid Auto & Apple CarPlayBluelink connected car system with remote charge accessHighway Drive Assist 1 & Smart Cruise Control with Stop and Go and Machine LearningForward Collision-Avoidance Assist with Car/Pedestrian/Cyclist DetectionBlind-spot Collision Avoidance-Assist / Safe Exit AssistLane Keeping Assist & Lane Following AssistRear View Monitor with Parking GuidanceRear Cross-Traffic Collision Avoidance AssistParametric Pixel LED lighting elementsAuto Flush Door Handles & Hidden Charge Port DoorUnlimited 30-minute charging sessions for two years on Electrify America’s growing network of chargers

Hyundai’s excellent 10 year/100,000-mile warranty also extends to the IONIQ’s battery as well. The IONIQ 5 is set to reach dealers soon.