2024 Hyundai Ioniq 5: A Comprehensive Guide On Features, Specs, And Pricing

Hyundai has been one of the best-selling automotive brands in the world for decades, and the Korean automaker has made a name for itself in just about every vehicle class out there, except maybe pickup trucks. With how many different types of cars the company makes and how successful it’s been over the years, it was no surprise when Hyundai released the all-electric BlueOn at the 2009 International Motor Show in an effort to enter the EV space.

Since then, the company has continued to innovate and refine its slate of electric vehicles with the Ioniq line, leading to the release of the Hyundai Ioniq 5 SUV with the 2022 model year. A couple of iterations later, the 2024 Ioniq 5 is hitting the streets as one of the best electric SUVs on the market.

What’s New For 2024

With how successful the 2023 Hyundai Ioniq 5 has been since its release, the carmaker stuck to the old adage “if isn’t broke, don’t fix it”, and made very few changes for the 2024 model year. Outside of a couple of small upgrades to some pieces of equipment, the Ioniq 5 is identical to previous model years.

2024 Highlights

• Five available trims
• Up to 320 horsepower
• Equipment upgrades
• Sleek styling and design
• Massive all-digital dashboard

Exterior Dimensions

(Data sourced from Hyundai)

Specifications And Performance

The 2024 Hyundai Ioniq 5 is available in five different trims, which are made up of three different powertrain configurations. The base model SE Standard is powered by a 58.0 kilowatt-hour (kWh) battery and a single permanent-magnet motor on the rear axle that puts out just 168 horsepower, with an unspecified torque number from Hyundai.

From there, you can opt for a larger 77.4 kWh battery and a higher output rear-wheel drive (RWD) configuration in the SE, SEL, or Limited trims that pumps out 225 horsepower and 258 pound-feet of torque. This is enough to propel you from 0 to 60 miles per hour (MPH) in 7.4 seconds on the way to a top speed of 117 MPH.

Anyone in the market for an all-electric SUV with a little more power should opt for the all-wheel drive (AWD) configuration in the SE, SEL, Limited, and D100 Platinum Edition trims. This beefed-up powertrain uses a dual permanent-magnet motor setup to pump out 320 horsepower and 446 pound-feet of torque, which is enough to hit 60 MPH in just 4.5 seconds.

Performance Specifications

(Data sourced from Hyundai)

As far as the SE Standard goes, Hyundai doesn’t even list the 0 to 60 time or top speed along with the rest of the specs, so that should give you an idea about how unimpressive it is. With the instant torque and quick acceleration typically attributed to electric cars, this trim of the Ioniq 5 is going to feel very sluggish compared to most other options on the road.

Hyundai Ioniq 5 Charging Time And Range

The smaller 58.0 kWh battery in the base model Hyundai Ioniq 5 SE Standard has a maximum range of just 220 miles, which is on the lower end of most electric SUVs in its class. Folks needing to get a little more distance per charge can upgrade to any of the other available trims that come with the 77.4 kWh battery, which can go up to 260 or 303 miles on a single charge, depending on if it’s an AWD or RWD powertrain, respectively.

No matter which battery you opt for, Hyundai has seemingly mastered the DC Fast Charging game, with all Ioniq 5 trims capable of going from 10% to 80% charge in just 18 minutes. This makes the Ioniq 5 a great EV to do everything from heading to the grocery store on the weekend or plan a road trip across state lines. Both trims can also be charged overnight using at-home charging and reach 80% capacity by the time you leave for work in the morning.

(Data sourced from Hyundai)

All Hyundai Ioniq 5 buyers will also get two years of 30-minute Fast Charging sessions through Electrify America. This is the largest charging network in the country, boasting more than 3,000 public charging stations around the United States, making it even easier to stay charged on the go. Plan your road trip with Electrify America in mind, and you’ll never have to worry about running out of juice while you’re cruising across America.

Interior Technology, Luxury, And Comfort

Best Interior Features Of The 2024 Hyundai Ioniq 5

• Huge all-digital dashboard
• Head-up display with augmented reality
• Reclining front seats with footrests
• Spacious and comfortable
• Eco-friendly materials

The outside of the Hyundai Ioniq 5 is sure to catch your eye thanks to sleek styling, but the interior is possibly even more impressive. Popping open the door of the Ioniq 5 will reveal a massive all-digital dashboard stretching more than halfway across the front seat. This single panel encompasses both the infotainment center touchscreen and instrument cluster, and it gives the Ioniq 5 a unique, futuristic look that partners well with the comfortable seating and spacious cabin.

The front seats recline and have integrated footrests to make charging breaks more comfortable than ever, and most surfaces are made using eco-friendly materials, which is always a plus. With an oddly long wheelbase for a compact crossover SUV, the Ioniq 5 has plenty of space in both the front and rear, and it comes with a respectable cargo capacity of 59.3 cubic feet.

Technology

With the huge digital dash acting as the centerpiece of the Ioniq 5’s interior, it’s no surprise that Hyundai has packed the SUV full of tech. This digital dash houses the 12.0-inch digital instrument cluster and the 12.0-inch infotainment center touchscreen, which is the hub for all things tech and connectivity. It includes features that come in many modern vehicles these days, with voice recognition and smartphone integration standard in all trims, although Apple CarPlay and Android Auto both require wires.

Hyundai also outfits all Ioniq 5 models with Wi-Fi hotspot compatibility and 120-volt vehicle-to-load outlets, so you can work on the go. On top of all that, arguably the most advanced technological feature in the Ioniq 5 is the augmented reality (AR) head-up display that pops up on the windshield in the driver’s field of view. This display not only shows important information like speed and warnings, but it uses AR technology to recognize vehicles in front of you and project real-time navigation directions, so you never have to take your eyes off the road.

Interior Dimensions

(Data sourced from Hyundai)

Safety And Reliability

Hyundai vehicles across the board have been known for being among the safest and most reliable models on the road, and their EVs are no different. According to the National Highway Traffic Safety Administration (NHTSA), the 2024 Ioniq 5 has no recalls or investigations, and it’s only had 3 complaints centered around its electrical system and its backup assistance. On the safety side of things, the Ioniq 5 was recently awarded the Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS), which is the highest tier of safety award possible.

Driver Assistance Features

All trims of the Ioniq 5 come standard with Hyundai SmartSense, a suite of driver-assistance features designed to enhance safety, comfort, and the overall driving experience. SmartSense includes basics like smart cruise control and lane-keeping assist, along with more advanced features in the top trims like parking distance warning, highway driving assist, and more.

• Blind-spot collision avoidance
• Rear cross-traffic collision avoidance
• Reverse parking distance warning
• Forward collision avoidance
• Lane-keeping assist
• Lane-following assist
• Driver attention warning
• Safe exit assist
• Highway driving assist
• High-beam assist
• Smart cruise control
• Navigation-based smart cruise control
• Rear occupant alert

IIHS Crash Testing

NHTSA 5-Star Safety Ratings

• Recalls (NHTSA): 0
• NHTSA Investigations: 0
• NHTSA Consumer Complaints: 3 complaints related to the electrical system and backup assistance
• Awards: IIHS Top Safety Pick + (2024)

Warranties

Like other Hyundai models, the Ioniq 5 comes with the self-claimed best warranty in America. This includes bumper-to-bumper coverage for 60 months/60,000 miles, a warranty against corrosion for 84 months/unlimited miles, roadside assistance for 60 months/unlimited miles, and free maintenance coverage for the first 12 months/12,000 miles.

What really sets a Hyundai EV warranty apart is its 10 years/100,000 warranty on the battery and all related electrical components, which is better than the industry-standard 8-year warranty on such parts.

(Data sourced from Hyundai)

2024 Hyundai Ioniq 5 Versus Its Competitors

Anyone in the market for an Ioniq 5 will likely come across the Ioniq 6, which is Hyundai’s all-electric full-size sedan that comes with a slew of similar features. Those who are dead-set on an electric SUV should check out the Volkswagen ID.4, which is one of the Ioniq 5’s biggest competitors.

How The Hyundai Ioniq 5 Compares To The Hyundai Ioniq 6

• 	2024 Hyundai Ioniq 5	2024 Hyundai Ioniq 6
  Model	Hyundai Ioniq 5	Hyundai Ioniq 6
  Engine	Single- or dual-permanent-magnet motors	Single- or Dual-Motor
  Horsepower	168-320 HP	225 – 320 HP
  Torque	258-446 LB-FT	258 – 446 LB-FT
  Driveline	Rear- or all-wheel drive	RWD or AWD
  Range	220-303 miles	270 – 361 Miles
  MSRP	$41,650	$42,450 – $50,150
  Fuel Economy	99-114 MPGe	103-140 MPGe
  Charge Time	6-7 hours @ 240V	As fast as 18 mintes at 350 kW
  0-60 MPH	7.4-4.5 seconds	6.2-4.3 seconds

Hyundai diehards looking for an electric vehicle have quite the decision to make between the Ioniq 5 SUV and the Ioniq 6 sedan, especially with the latter being TopSpeed’s 2024 electric car of the year. Built on the same general platform and using many of the components from the Ioniq 5, the Ioniq 6 is more or less the same car in sedan form.

All trims of the Ioniq 6 come with the bigger 77.4 kWh battery and the more powerful RWD and AWD powertrains of the higher-tiered Ioniq 5 trims, though the Ioniq 6 SE Standard is set to release later this year. With that in mind, the performance of both vehicles will be nearly identical, though the slightly lighter Ioniq 6 will beat the SUV if they line up side-by-side. From there, stepping into the Ioniq 6 will look a lot like you’re climbing into the Ioniq 5, with the SUV’s recognizable all-electric dashboard being used in the sedan as well.

You can also lay back, pop up the footrests, and chillax for 18 minutes while Fast Charging up to 80-percent in both vehicles. On top of that, they come with the exact same warranty, and they’re nearly the same price, though the Ioniq 5 is a little bit more affordable. At the end of the day, this decision simply comes down to whether you’re in the market for an electric SUV or an electric sedan.

How The Hyundai Ioniq 5 Compares To The Volkswagen ID.4

• 	2024 Hyundai Ioniq 5	2024 Volkswagen ID.4
  Model	Hyundai Ioniq 5	Volkswagen ID.4
  Engine	Single- or dual-permanent-magnet motors	Single- or dual-motors
  Transmission	Single-speed automatic	1-speed automatic
  Horsepower	168-320 HP	201-330 HP
  Torque	258-446 LB-FT	229-402 LB-FT
  Driveline	Rear- or all-wheel drive	RWD or AWD
  Range	220-303 miles	206-291 miles
  MSRP	$41,650	$38,995
  Fuel Economy	99-114 MPGe	102-113 MPGe
  0-60 MPH	7.4-4.5 seconds	7.4-4.5 seconds

Unlike the above comparison, next up is a battle for the ages; well, at least between compact all-electric SUVs, with the Volkswagen ID.4 being one of the Hyundai Ioniq 5’s biggest competitors. At first glance, these two SUVs look eerily similar to one another, with the VW ID.4 also coming with trims using either a 58.0 or 77.0 kWh battery, nearly mirroring the Ioniq 5.

Taking this a step further, the horsepower output for the ID.4 ranges from 201 to 330 ponies, and the different trims can reach 60 MPH in the exact same amount of time as the Hyundai. The Ioniq 5 does offer a slightly better range, maxing out at 303 miles on a single charge compared to the Volkswagen’s maximum 291-mile range. On the fuel economy side of things, the ID.4 ranges from 102 to 113 MPGe compared to the 99 – 114 MPGe of the Hyundai; a slight edge towards the ID.4. In short, performance is practically a draw.

The biggest difference between the two is the price, with the Volkswagen ID.4 starting at just $38,995 for its base model compared to $41,800 for the Ioniq 5. While this price difference is less than $3,000, it’s the psychological factor of the VW starting at under $40,000 for an EV, which you just don’t see very often.

How Much A 2024 Hyundai Ioniq 5 Costs

The Hyundai Ioniq 5 is priced right there in the middle with many other all-electric SUVs, and it’s not particularly cheap to get into one, with the base model SE Standard Range starting at $41,800. From there, you can upgrade to the SE RWD for $45,850, but to get into the cheapest AWD version of the Ioniq 5, you’ll have to shell out $49,350.

Prices continue to go up from there trim by trim, with the AWD version being $3,500 – $3,900 more on each applicable trim. The D100 Platinum Edition tops the list at a whopping $59,400 starting price.

(Data sourced from Hyundai)

Efficiency

(Data sourced from Hyundai and the EPA)

Is It Worth Buying A Hyundai Ioniq 5?

Anyone in the market for an all-electric SUV should consider the Ioniq 5 near the top of their list, as it’s really a jack of all trades in the EV space. The Ioniq 5 SE Standard may be very lackluster and sluggish compared to many other options on the market, but its starting price of $41,800 is enticing enough to make it worth consideration. That said, if you’re looking to get into the electric SUV space for as little as possible, something like the Chevrolet Equinox EV delivers even better bang for your buck.

On the flip side, the Hyundai Ioniq 5 is right up there with many of the other best options you can get. The interior is well-equipped, comfortable, and full of all sorts of tech, and the higher-tiered trims offer more than enough power and range for just about any sort of driving. All of this combined with two years of complimentary charging through Electrify America and one of the best warranties that money can buy, and the Ioniq 5 is a worthy competitor in a field of electric SUVs getting more and more crowded.