2023 Hyundai Ioniq 5 vs. Its Competition

2023 Hyundai Ioniq 5 image
Martin Padgett Martin Padgett Editorial Director

The Tesla Model Y is widely seen as the benchmark for the segment, but with a series of price hikes this year it now starts over $60,000—well beyond what a top-trim Ioniq 5 costs.

Arriving in 2022, the Nissan Ariya will debut a second generation of Nissan EV technology and include a performance-oriented all-wheel-drive option.

VW’s ID.4 is the first of new generation of EVs built on an MEB platform for affordable EVs, but it doesn’t charge as quickly or wring as many miles out of its energy as the Ioniq 5.

The Ford Mustang Mach-E offers a sportier driving experience and a lower, more Mustang-like driving position, but its interior is more cramped.

The Kia EV6 is a cousin to the Ioniq 5, and thanks to a more aerodynamic design it beats the Hyundai in range.

2023 Hyundai Ioniq 5 image2023 Hyundai Ioniq 52022 Ford Mustang Mach-E image2022 Ford Mustang Mach-EGet Your Price2022 Kia EV6 image2022 Kia EV6Get Your Price2022 Volkswagen ID.4 image2022 Volkswagen ID.4Get Your Price2022 Tesla Model Y image2022 Tesla Model YGet Your Price
Quick Specs
The 2023 Hyundai Ioniq 5 is a cutting-edge electric car with a clever sense of style and excellent performance.
The 2022 Ford Mustang Mach-E gives the electric crossover good looks and agility.
The 2022 EV6 flexes all the strengths of electric vehicles in a package that’s as thrilling to drive as it is to look at.
The 2022 Volkswagen ID.4 makes for an easy transition to fully electric, at a strong value for the money, but some of its interior interfaces backfire.
The 2022 Model Y offers range and performance that EV competitors can’t match, albeit at a higher price point.
MSRP From    
Coming Soon$43,895$41,400$41,230$65,990
Gas Mileage    
Coming Soon MPG City / Coming Soon MPG HwyComing Soon MPG City / Coming Soon MPG HwyComing Soon MPG City / Coming Soon MPG HwyComing Soon MPG City / Coming Soon MPG HwyComing Soon MPG City / Coming Soon MPG Hwy
EPA Class    
N/ASmall Station WagonsMidsize Station WagonsSmall SUV 2WDSmall SUV 4WD
Style Name    
N/ASelect RWDLight RWDPro RWDLong Range AWD
N/ARear Wheel DriveRear Wheel DriveRear Wheel DriveAll Wheel Drive
Passenger Capacity    
Passenger Doors    
Body Style    
N/ASport UtilitySport UtilitySport UtilityAWD Sport Utility
Detailed Spec Comparison
 2023 Hyundai Ioniq 5 vs. 2022 Ford Mustang Mach-E2023 Hyundai Ioniq 5 vs. 2022 Kia EV62023 Hyundai Ioniq 5 vs. 2022 Volkswagen ID.42023 Hyundai Ioniq 5 vs. 2022 Tesla Model Y