Skip to content
GizmoDriver

Is the 2023 Hyundai Ioniq 5 a good car?

No.

2 of 7checks

Pick another car

20 miles one way, 5 days a week. Gas $3.20. Power 17 cents per kWh.

Ioniq 5 +55%-49%+150%Price vs predicted
Price vs predicted, 157 SUVs (2023). Orange: this car.
Checks for the 2023 Hyundai Ioniq 5
CheckResultNumber
Family carYes4 of 4 parts
First carNo3 of 5 parts
CommuterYes$46 vs $111 a month
SeniorsNo0 of 3 parts
Off-roadNo6.1 in, top 96%
Worth the moneyNo55% above predicted
Good buyNo1 beat it on all four

Is the Ioniq 5 a good family car?

Yes. Passes 4 of 4 parts.

Family car check, 2023 Hyundai Ioniq 5
MeasureThis carClassCarsPass
Seats5 seats5 or moreN/AYes
Rear legroom39.4 inMedian 38.3 in168Yes
Rear headroom38.7 inMedian 38.7 in169Yes
Cargo behind the last row27.2 cu ftMedian 24.7 cu ft174Yes

Is the Ioniq 5 a good first car?

No. Passes 3 of 5 parts.

First car check, 2023 Hyundai Ioniq 5
MeasureThis carClassCarsPass
Price$41,450Median $44,813180Yes
Horsepower168 hp169 hp to 355 hp180No
Length182.5 inMedian 188.4 in171Yes
Turning circle39.3 ftMedian 38.4 ft167No
Fuel cost per mile5.3 centsMedian 12.8 cents177Yes

Horsepower: 10th to 75th percentile of the class.

Is the Ioniq 5 a good commuter car?

Yes. $46 a month to commute. Class median $111.

Miles a month
867
This car
$46
Median of 177 SUVs
$111

Is the Ioniq 5 a good car for seniors?

No. Passes 0 of 3 parts.

Seniors check, 2023 Hyundai Ioniq 5
MeasureThis carClassCarsPass
Step-in height6.1 in clearance, 63.0 in tall7.0 to 8.3 in clearance, 64.4 to 69.1 in tall156No
Front headroom39.8 inMedian 39.9 in170No
Turning circle39.3 ftMedian 38.4 ft167No

Step-in: clearance and height in the middle half of the class.

Is the Ioniq 5 a good off-road vehicle?

No. 6.1 in clearance. Top 96% of 166 trucks and SUVs.

AWD or 4WD
Yes
Best trim for clearance
SE AWD, 6.1 in
Cohort
166 trucks and SUVs, AWD or 4WD trims

Is the Ioniq 5 worth the money?

No. Priced 55% above cars like it.

Price, SE Standard Range RWD
$41,450
Predicted price
$26,670
Gap
+$14,780 (+55%)
Model error
15% median, 311 cars

Price model: horsepower, length, width, drivetrain, powertrain, body and luxury, 2023 cars.

Passes at up to 5% above the predicted price.

Is the Ioniq 5 a good buy?

No. 1 rival costs less and beat it on fuel cost, cargo and power.

Rivals that cost less and beat the Ioniq 5 on all four
CarPriceFuel cost per mileMax cargoPower
Ioniq 5 SE Standard Range RWD$41,4505.3 cents59.3 cu ft168 hp
Kia Niro EV EX FWD$39,5505.0 cents63.7 cu ft201 hp

Compared with 1,146 trims of other makes, SUVs, 2023.

What this cannot tell you

No safety, reliability or insurance data.

Your prices, use and trim may differ.

How values are checked