When the Hyundai Ioniq 5 electric crossover arrived last year, it was easily one of the best rivals yet to Tesla. It’s noteworthy range, spacious interior and unique styling made it a stand out. A year later, the 2023 Hyundai Ioniq 5 is still a stand out.

2023 Hyundai Ioniq 5 Review

Even after the Ioniq 5 debuted, some newcomers still aren’t as good as the Ioniq 5. Why? Well for starters its based on Hyundai Motor Group’s e-GMP 800-volt platform, which allows for a longer driving and faster charging times. An easy comparison is between the Ioniq 5 and the Toyota bZ4X. The Ioniq 5 has a driving range up to 303 miles vs. the bZ4X which has a shorter 252 mile range. The Ioniq 5 can also be charged from 10-80 percent in only 18 minutes, while the bZ4X needs about 30 minutes.

Since the Ioniq 5 has only been around a short time, Hyundai only made some slight improvements to the 2023 Ioniq 5. It now comes standard with a battery heating system and a battery preconditioning system. The good news is that the all-wheel drive versions get a 10 mile longer driving range at 266 miles. The max towing range has also increased to 2,300 pounds, up from 1,650 lbs.

The Ioniq 5 is available with two powertrains, either single- or dual-motor versions. The base SE Standard Range is powered by a rear mounted electric motors with 168 horsepower and 258 pound-feet of torque. The base model only has a 220 mile range with its 58 kWh battery pack. The other single motor versions get a larger 77.4 kWh with have 225 hp and 258 lb-ft., with a 303 mile range. The dual-motor all-wheel drive Ioniq 5 has 320 hp and 446 lb-ft. and a range of 266 miles.

2023 Hyundai Ioniq 5 Review

As you can see, the Ioniq 5 is not gonna pick up speed as fast as some Tesla Model Y, but it definitely isn’t a slouch. The AWD version packs a nice punch with the instantaneous torque that we expect from an EV. Thanks to that large battery under the floor, the Ioniq 5 stays planted to the road with all the twists and turns you can throw at it. It’s steering is a bit light, but the Ioniq 5 is still more fun to drive than the bZ4X or the VW ID.4. Yes the Tesla Model Y does offer more performance and a longer driving range (330 miles), but you need to look closer at the stats.

The base Model Y only has a 266 mile range and starts at $46,990, while the base Ioniq 5 starts at $42,785. The Model Y Long Range with its 330 mile range starts at $49,990. The Ioniq 5 SE with its 303 mile range starts at $45,500. The pricing for the Ioniq 5 tops out at $52,600 and the Tesla Model Y Performance with its 303 mile range is priced at $53,990. So although you get a bit more performance with the Model Y, it’s hard to ignore the extra value you get with the Ioniq 5.

2023 Hyundai Ioniq 5 Review

Inside the Ioniq 5’s cabin feels airy and comfortable with ample space in both rows of seats. In the front the center console can slide forward and back. With the center console pushed all the way back, there’s an open floor space between the driver and front passenger. Compared to the bZ4X, there’s more rear legroom with 39.4 inches of space, compared to 35.3 in the Toyota. With the rear seats up there’s 27.2 cubic feet of cargo space, which expands to 59.3 cubic feet with the rear seats folded down.

In terms of tech, the Ioniq 5 shines with its dual 12.3-inch screens, one for the gauge cluster and the other for the infotainment system. Apple CarPlay and Android Auto are included, but not wirelessly. The top spec Limited version also adds a head-up display and a Bose audio system.

On the safety front, the Ioniq 5 comes standard with all the driver assistance features you’d expect, like automatic emergency braking, adaptive cruise control, blind spot monitoring, a blind spot collision avoidance system, and lane keeping assist.

2023 Hyundai Ioniq 5 Review

At the end of the day the 2023 Hyundai Ioniq 5 is easily one of our favorite non-luxury electric SUVs. It gives budget oriented EV buyers the best of everything at a reasonable price. It’s hard to beat.

Infotainment System and Tech Features
Fuel Economy
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Marc Carter is the Editor-in-Chief and founder of The Torque Report.
2023-hyundai-ioniq-5-review-still-one-of-the-best-evsAt the end of the day the 2023 Hyundai Ioniq 5 is easily one of our favorite non-luxury electric SUVs. It gives budget oriented EV buyers the best of everything at a reasonable price.