2024 Hyundai Ioniq 5 Electric

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Rating8.5
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$41,800 - $59,400
Starting Price 

Year

Nathan Dyer's image
Nathan Dyer 

Senior Editor,

Updated on January 5, 2024

ProsConsWhat's New

Ergonomic interior design

Limited rear visibility

No major changes for the 2024 model year

Robust powertrain setup for the all-wheel drive model

Lacks wireless Android Auto and Apple CarPlay

Limited production Disney100 Platinum Edition to be introduced

Legit quick DC fast charging

Limited frunk and trunk space

Specs & Features

$41,800

price

168 hp

horsepower

258 lb.-ft.

torque

1-Speed Dual Clutch

transmission

electric RWD 1A

engine

-

basic warranty

Overview

The Ioniq 5 was the first car to be marketed under Hyundai's Ioniq sub brand and based on the E-GMP platform. The Ioniq 5 was updated for more range and towing capacity for the 2023 model year. The 2024 Hyundai Ioniq 5 remains unchanged except for some very minor equipment changes across the lineup. The Ioniq 5 grabbed eyeballs for its unusual shape and 350-KW DC fast-charging support. Hyundai also collaborated with Disney to showcase a limited-production Ioniq 5 Disney100 Platinum Edition.

Just 1000 units of this car will be made to celebrate 100 years of Disney and will go on sale in early 2024. Certainly, it will be one of the cars to consider alongside other Hyundai cars to buy in 2024. The 2024 Hyundai Ioniq 5 starts at $41,650, and for that price, it might still continue to be one of the cheapest Hyundai cars. The Ioniq 5 2024 model has a maximum driving range of up to 303 miles and a maximum output of up to 320 hp. Check out the video by Car Confections to learn more about this Hyundai EV car.

Buying Advice

The 2024 Hyunda Ioniq 5 SEL trim can be considered a good balance of price and features. It costs $1,550 more than the SE trim. Some of the key features include Highway Driving Assist 2, hands-free smart liftgate with auto-open, Hyundai Digital Key, and a heated steering wheel, to name a few. It is also available with a dual-motor setup for a higher price, better performance, and a reduced driving range.

 

Comparative Analysis against Competition

The 2024 Hyundai Ioniq 5 is one of the odd-looking EV cars, but somehow it works in its favor. The good point is that it offers very good features across the trim lineup. The Hyundai Ioniq 5 interior gives a peep into Hyundai's future EVs with the use of sustainable materials all over the cabin. Despite being a full-fledged BEV, Hyundai's warranty coverage of 10 years or 100,000 miles on the powertrain and high-voltage battery is phenomenal.

The 2024 Hyundai Ioniq 5 is offered in four trim configurations: SE Standard Range, SE, SEL, and Limited. The prices for the above-mentioned trims with RWD configuration start at $41,650, $45,700, $47,250, and $53,350, respectively. However, the price of all the trims except the SE standard Range trim will increase with the available AWD configuration. Also, a destination fee of $1,335 is levied as a destination fee.

The 2024 Hyundai Ioniq 5 SE Standard Range can be financed for a very low APR of 0.99% for a term of 48 months. It can be leased for a term of 36 months, with $343 per month and $5,008 due at signing the lease agreement. Currently, Hyundai is also offering a complimentary Level 2 home charger and up to $600 in installation credit if you purchase or lease the 2024 Ioniq 5. However, currently, the Ioniq 5 2024 is sold only in certain states across the United States.

The Ioniq 5 can be powered by three different powertrain configurations: single-motor RWD, single-motor RWD (more power), and dual-motor AWD. The first setup is offered with the Standard Range trim and offers an output of 168 hp and 258 lb-ft of torque. With the SE, SEL, and Limited trims and a bigger 77.4 KWh battery pack, the power output rises to 225 hp while the torque output remains the same. Opt for the dual-motor setup, and it generates 320 hp and 446 lb-ft of torque.

The 2024 Hyundai Ioniq 5 0-60 time of 7.4 seconds with RWD and a larger battery pack is decent. However, the real fun comes with the AWD, as the Ioniq 5 0 to 60 time reduces to 4.5 seconds. If all that sounds too slow to you, wait until you see the Hyundai Ioniq 5 N. It will boast up to 641 hp and an 84 KWh battery pack, making it a direct competitor to the 2024 Kia EV6 GT. In the J.D. Power Consumer Rating, the Ioniq 5 scored an overall 75/100 last year, which can be termed average. We hope the same improves for the 2024 model year. 

Trims

    SE Standard Range
    $41,800 onwards
    • Engine: electric RWD 1A
    • Horsepower: 168 hp hp
    • Torque: 258 lb.-ft.
    • 0-60 mph: 7 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: -
    SE
    $45,850 onwards
    • Engine: electric RWD 1A
    • Horsepower: 225 hp hp
    • Torque: 258 lb.-ft.
    • 0-60 mph: 5.2 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: -
    SEL
    $47,400 onwards
    • Engine: electric RWD 1A
    • Horsepower: 225 hp hp
    • Torque: 258 lb.-ft.
    • 0-60 mph: TBD sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: -
    Limited
    $53,500 onwards
    • Engine: electric RWD 1A
    • Horsepower: 225 hp hp
    • Torque: 258 lb.-ft.
    • 0-60 mph: 5.2 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: -
    Disney100 Platinum Edition
    $59,400 onwards
    • Engine: electric AWD 1A
    • Horsepower: 320 hp hp
    • Torque: 446 lb.-ft.
    • 0-60 mph: 4.5 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: -

Compare to similar cars

Price

$41,800- $59,400

Engine

electric

Rating

8.51

Horsepower

320 hp

Torque

446 lb.-ft.

Capacity

5

Read Review

$48,000- $53,490

electric

7.74

295

310 lb-ft

7

Read Review

2024 Hyundai Ioniq 5 Electric vs competitor's 0-60

    Car Name
    0-60 MPH
    Quarter Mile
    Top Speed
    SourceCompare
    7 sec--
    6.5 sec12.9 sec135 mph

    2024 Hyundai Ioniq 5 Electric vs competitor's MPG

      Car Name
      MPG City
      MPG Highway
      Source
      127 mpg94 mpg

      2024 Hyundai Ioniq 5 Electric vs competitor's dimensions

        Car Name
        Length
        Width
        Height
        Ground Clearance
        Wheelbase
        SourceCompare
        182.5 in.74.4 in.63 in.6.1 in.118.1 in. -
        187 in.75.6 in.64 in.-113.8 in. -

        2024 Hyundai Ioniq 5 Electric vs competitor's trunk space

          Car Name
          Trunk Capacity
          Passenger Volume
          Max Trunk Volume
          SourceCompare
          27.2 cu.ft.106.5 cu.ft.59.3 cu.ft.
          30.2 cu.ft.-- -

          2024 Hyundai Ioniq 5 Electric vs competitor's cargo space

            Car Name
            Cargo Volume
            Cargo Volume w/ Seat Area
            Max Cargo Volume
            SourceCompare
            59.3 cu.ft.27.2 cu.ft.59.3 cu.ft.
            -30.2 cu.ft.- -

            2024 Hyundai Ioniq 5 Electric vs competitor's towing capacity

              Car Name
              Towing Capacity
              Payload Capacity
              Weight
              SourceCompare
              -1246 lbs.3968 lbs.
              3500 lbs.1157 lbs.4154 lbs. -

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