2024 Hyundai IONIQ 5

As the world of electric vehicles grows, some EVs are still working out kinks. While some electrified cars require compromises on interior space, performance, or range, the 2024 Hyundai Ioniq 5 is one EV that does almost everything well. So well, in fact, that it’s earned our Electric Vehicle Best Buy Award. It’s an electric SUV with a spacious, high-tech interior and an impressive range of up to 303 miles. It also carries the outstanding, best-in-class Hyundai warranty. The main competitors to the Ioniq 5 are the Nissan Ariya, Toyota bZ4X, and the mechanically similar Kia EV6.

New standard features for 2024 include a Wi-Fi hotspot, more airbags, rear seatbelt pre-tensioners, and a haptic feedback steering wheel. Also, the Limited trim now has a digital rearview mirror. Looking ahead, has announced a high-performance Hyundai Ioniq 5 N is joining the lineup for the 2025 model year.

Before buying an Ioniq 5, check the Kelley Blue Book Fair Purchase Price to know what you should really pay. Hyundai Ioniq 5 resale value is about average for the segment.

The Hyundai Ioniq 5 delivers a smooth and comfortable driving experience. Responsive electric torque makes for quick acceleration no matter which configuration you go with. Naturally, the dual-motor setup makes more power and torque than the single-motor version, resulting in a more exciting drive. If you’re considering the Ioniq 5 for your first electric vehicle, you won’t find too steep of a learning curve in getting used to this EV. It’s a nice way to make the switch from gas to electric, thanks to its agreeable driving character.

The interior design of the Hyundai Ioniq 5 speaks the same language as the exterior. It feels modern and a touch futuristic, but also has a nice minimalist feel to it. The materials are good quality for this price point, and the tech features are user-friendly. We found the Ioniq 5 to have plenty of passenger space in both rows of seats. The cargo space is about average for an SUV this size, and it has a little front trunk for small items.

The Hyundai Ioniq 5 has an aesthetic that’s sleek yet subtle. The light signature makes it look futuristic, but it’s not as flashy as some other EVs. We appreciate the modern and restrained look; it’s for drivers who don’t want to be too showy about driving an electric car. In terms of size, the dimensions of the Ioniq 5 are close to those of compact electric SUVs like the Nissan Ariya and Toyota bZ4X.

Up to 303 miles of range
The impressive range and efficiency of the Ioniq 5 make this a practical EV for a wide range of drivers.

DC fast charging
With DC fast charging at a public charging station, the Ioniq 5 can charge from 10% to 80% in as little as 18 minutes.

Remote Smart Parking Assist
The Limited trim gets all the really cool stuff, like this feature that allows drivers to inch their Ioniq 5 into or out of a parking space using remote control while standing outside of the vehicle!

12.3-inch touchscreen
The Ioniq 5 comes standard with a 12.3-inch touchscreen and a customizable 12.3-inch digital gauge cluster making for a high-tech interior. Android Auto and Apple CarPlay make it easy to connect your phone to the screen in your car.

Highway Driving Assist
This available semi-autonomous driving system uses features like adaptive cruise control, lane-keep assist, and blind-spot monitoring to take some of the stress out of highway driving.

Class-leading warranty
The Ioniq 5 is backed by a 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty, including the battery. That makes it tied with the Kia EV6 for the best warranty in its class.

You can get the 2024 Hyundai Ioniq 5 with one motor or two. Single-motor models are rear-wheel drive (RWD) and are available with two different batteries. All dual-motor models have the big battery and all-wheel drive (AWD).

Single-motor RWD Standard Range
58-kWh battery
168 horsepower
258 lb-ft of torque
EPA city/highway fuel economy: 127/94 MPGe
EPA-estimated range: 220 miles (2023 estimate)

Single-motor RWD
77.4-kWh battery
225 horsepower
258 lb-ft of torque
EPA city/highway fuel economy: 132/98 MPGe
EPA-estimated range: 303 miles (2023 estimate)

Dual-motor AWD
77.4-kWh battery
320 horsepower (Estimated 600 hp in Ioniq 5 N)
446 lb-ft of torque
EPA city/highway fuel economy: 113/90 MPGe
EPA-estimated range: 266 miles (2023 estimate)

Hyundai SmartSense safety tech

The Ioniq 5 is well-equipped with Hyundai SmartSense safety features like automatic emergency braking, blind-spot monitoring, lane-keep assist, and the Highway Driving Assist system.

5-Year/60,000-Mile warranty

The Hyundai Ioniq 5 is tied with the Kia EV6 for the best warranty in its class. It’s covered by a 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty.