2023 Hyundai Ioniq 5 Limited AWD: The Brand's Hatchback-Like Electric Vehicle

Highlight: The driving range has been extended on the AWD model.

Test Vehicle's MSRP: $57,835 (Base SE FWD Model: $42,785)

Seating Capacity: 5

Standard Safety Features: airbags; rear lower anchors and upper tether anchors; a power window lock-out button; rear child safety locks; ABS with a regenerative braking system; electronic stability control system; a traction control system with brake assist; vehicle stability management; a tire pressure monitoring system; blind-spot collision avoidance assist; rear cross-traffic collision avoidance assist; a parking distance warning system; lane keeping assist; lane following assist; an intelligent speed limit assist system; a driver attention warning system; safe exit assist; high beam assist; rear occupant alerts; a front crumple zone; 2.5-MPH bumpers; body side reinforcements; electronic shift lock system and ignition key interlock; an anti-theft system; a rear view monitor with parking guidance; a tire mobility kit; highway driving assist; and a immobilizer

Standard Equipment (SE Standard Range RWD): 19-inch wheels; a 12.3-inch color touchscreen; stain-resistant cloth seat trim; LED daytime running lights; automatic headlights; LED interior lights; cargo light; LED tail lights;  an LED center high mount stop light; exterior heated body color mirrors with LED turn signal indicators; automatic body color door handles, solar glass front side windows; laminated front and rear glass; an acoustic glass windshield; front 2-speed windshield wipers; a rear spoiler; a black shark fin roof antenna; a 4-pin trailer prewire trailering package; a 8-way power driver seat; heated front seats; split folding 60/40 rear seats; cloth roof trim; metallic painted door handles; front and rear power window switches; dual automatic temperature control with driver-only mode and cabin air filter; rear window defroster with timer; a leather wrapped tilt and telescopic 2-spoke steering wheel with paddle shifters and smart cruise control; a central dome light; LED Interior lights; a front trunk with an LED light; a 12.3-inch digital instrument cluster with EV technology display; and a push button start

Standard Equipment (Limited AWD): 320-hp; 20-inch wheels; H-Tex leatherette seat trim; silver bumpers and body cladding; premium gloss black exterior accents; rain-sensing wipers; a panoramic sunroof with fixed glass; 8-way power adjustable and ventilated front seats; an integrated memory system for the driver seat; adjustable head restraints; a premium heads up display; a sliding center console; a heated steering wheel; a remote keyless entry system; an auto-dimming rear view EC mirror with HomeLink; a 360 degree camera; and a blind spot monitor

Options:

Shooting Star (Matte Gray)

Other Trim Levels:

SEL

SE

SE (Standard Range)

Standard Audio On Test Vehicle: an 8-speaker BOSE premium audio system with and AM/FM/HD/SiriusXM radio

Bluetooth Connectivity: Standard

USB Connectivity: Standard

Apple/Android Connectivity: No wireless connectivity

Bumper-to-Bumper Warranty: 5 years/60,000 miles

Electric Battery Warranty: 10 years/100,000 miles

Standard EV Horsepower: 168-hp

Standard EV Mileage:

127e-City/94e-Hw

Towing Capacity: 2,300 lbs

What’s New: The 2023 Ioniq 5 includes an increased driving range and fuel economy for all-wheel-drive models. There is a higher maximum tow rating and standard battery heating system on all Ionic 5 trims, with the extended range.

Why:

All-electric

A longer driving range

The style

Flush exterior door handles

Rear wheel drive

All wheel drive available

An automatic dual temperature control system with a mode for driver only to reduce wasting energy and maximizing driving range

Quick and peppy engine with 320-hp (test model)

A heads up display (HUD)

Easy to use digital cluster and infotainment center

A power operated electronic charging door

19-inch or 20-inch wheels

Comfortable seats

Roomy interior

Nearly flat floor adds to spacious interior

Second row sliding /partial reclining rear seat

A number of high-tech safety driving aids

Heated steering wheel available

Heated/ventilated front seats

Power front seat w/memory driver’s feature

Oversized fixed panoramic roof

A premium audio system

Great visibility

Second row outlets available for charging laptops, smartphones and other devices

A remote parking assist system

An 800v DC charger capability, one of a handful of evs offering this option

Towing capacity increase with AWD model

Eligible for the $7,500 lease credit to reduce the over cost of the vehicle and lower the monthly payment

A copilot assist driving system

Ability to charge small appliances

A host of standard driving safety features

An affordable hatchback crossover

But:

No power operated panoramic roof

Leather seats not available

No wireless connectivity for Apple and Android

Verdict:

Despite the Ioniq 5 only being eligible for the Inflation Reduction Act via leasing, helping to reduce the price by $7,500, its still worth considering. In fact, with technology on electric vehicles changing as fast as smartphones, we would recommend leasing as opposed to financing or paying cash. Thus, the price reduction will reduce the overall monthly payment too.

The midsize-like Ioniq 5 is a roomy five-seater. When this hatchback-like crossover first appeared on our radar in 2022, we immediately became a fan. This year’s model continues to improve favorability with us, enhancing both extended range and towing with the all-wheel drive configurations.

Moreover, the stylish Ioniq 5 is available in a rear-wheel drive or an all-wheel drive configuration. The spunky vehicle shares a platform with Kia’s EV6 and Genesis’ GV60. It's the most economical of the trio. And depending on the trim, the vehicle can be outfitted with a 360-degree camera to a 20-inch wheels to a parallel and perpendicular parking assist system.

Lastly, the Ioniq 5 driving range spans from 220 to 303 miles, depending on the trim.

Competition: Ford Mustang Mach-E and Kia EV6