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How does the 2023 Hyundai Ioniq 5 EV compare to last year’s model? Find out with all the info on the newest features and increased capacities!

What’s New for the 2023 Hyundai Ioniq 5?

The Hyundai Ioniq 5 is still very much a new vehicle, but the all-electric 2023 Hyundai Ioniq 5 is brand new. It’s going to be widely available in the North American market in 2023. There aren’t major changes in the 2023 version of this electric vehicle, but there are a few! The battery heating system is standard starting with 2023 models. All-wheel drive (AWD) models increased range by 10 miles from 256 miles to 266 miles. Towing capacity also increased. A 2022 Hyundai Ioniq 5 maxes out at 1,650 lbs while the new 2023 Hyundai Ioniq 5 can handle 2,300 lbs.

Since it the Ioniq 5 was first revealed in February 2021, it’s been making a lot of people take notice. Some have declared that the Ioniq 5 can give the Tesla Model Y some competition but at a lower price point. Currently, the 2022 Model Y sits at $64,990. Compare that to the Ioniq 5 which has a manufacturer suggested retail price (MSRP) of $41,450 for a base model. This compact crossover SUV certainly looks sharp, and it has some different options when it comes to range and powertrain, but what exactly does the 2023 Hyundai Ioniq 5 offer in a crowded market that includes the likes of the Model Y, Kia EV6, Volkswagen ID4, or the Ford Mustang Mach-E? Find out right now!

2023 Hyundai Ioniq 5 - hyundaiusa.com

2023 Hyundai Ioniq 5 – hyundaiusa.com |  Shop 2023 Hyundai Ioniq 5 on Carsforsale.com

Body Style

Starting Price

MSRP $41,450

Drivetrain

Drivetrain

FWD or AWD

Drivetrain

Fuel Economy

132 City / 98 Hwy (MPGe)

Number of Seats

Seating

Seats 5

The Breakdown

Good range

Stand-out styling

Spacious cabin

Lower price point for electric only vehicle

Decent list of safety features

Fast charging

Some features only on higher trims

The interior makes an impression

2023 Ioniq 5 Specs

Trims & Pricing

SE - $41,450
SEL - $45,500
Limited - $47,450

2023 Hyundai Ioniq 5 Powertrain

2023 Hyundai Ioniq 5 - hyundainews.com
2023 Hyundai Ioniq 5 - hyundainews.com

For the 2023 model, Hyundai offers two battery packs for the Ioniq 5: a 58-kilowatt-hour (kWh) pack or a 77.4-kWh pack. A single motor rear-wheel drive (RWD) configuration is standard, but a second motor can be added to the front axle with the 77.4-kWh model.

The RWD-only 58-kWh version has a total output of 168 horsepower (hp) and 258 lb-ft of torque. Meanwhile the 2023 Hyundai Ioniq 5 that is fitted with the 77.4-kWh battery pack delivers 225-hp and the same 258 lb-ft of torque. Going into the all-wheel drive (AWD) configuration with the 77.4-kWh pack gets up to 320-hp with 446 lb-ft of torque.

2023 Hyundai Ioniq 5 Fuel Economy & MPG

2023 Hyundai Ioniq 5 - hyundaiusa.com
2023 Hyundai Ioniq 5 - hyundaiusa.com

How far the all-electric 2023 Hyundai Ioniq 5 will go depends on which version you get. The 2023 Ioniq 5 with the 58-kWh battery pack has a 220-mile range. It gets 127 miles per gallon of gasoline-equivalent (MPGe) in the city and 94 MPGe on the highway.

Getting the 77.4 kWh pack with RWD achieves the best range with 303 miles. With this pack, the Ioniq 5 will last 132 MPGe in the city and 98 MPGe on the highway. An AWD 2023 Ioniq 5 with the 77.4 kWh battery pack drops down to a 266-mile range. In the city, it’ll last 113 MPGe and on the highway it’ll last 90 MPGe.

Those numbers are good, but they’re even more impressive when you consider the lower price point on a 2023 Ioniq 5. You shouldn’t need to wait around forever while recharging when the battery runs low, either. Using a 350-kilowatt (kw) DC fast-charging station, the 2023 Ioniq 5 can go from 10% up to 80% in an estimated 18 minutes.

Interior, Comfort, & Cargo Space

This compact crossover isn’t lacking in comfort. The standard leatherette seats are already comfortable, but they also recline and have footrests for passengers to use. Legroom for front passengers measures 41.7 inches. In the rear is 39.4 inches of space to utilize. The seats do manually slide to adjust for spacing as well. While it is a compact SUV, the 2023 Ioniq 5 has 27.2 cu-ft of area in the cargo hold. The seats fold in a 60/40 split, resulting in 59.3 cu-ft for cargo. There are additional storage spaces in the cabin, including in seatback pockets and in the center console, for smaller items.

Entertainment & Technology

2023 Hyundai Ioniq 5 - hyundaiusa.com
2023 Hyundai Ioniq 5 - hyundaiusa.com

One glance inside the 2023 Hyundai Ioniq 5 and you’ll see that this vehicle certainly looks futuristic, but is it actually? Well, there are plenty of infotainment features to enjoy. There is not one, but two 12.3-inch displays. There’s one for the dash and another for the center console.

This Ioniq 5 is equipped with five USB ports, wired Apple CarPlay and Android Auto integration, voice recognition, and navigation. Hyundai offers its Bluelink app which can remotely lock your doors and tracks the vehicle’s range and charging status. This service is free for three years.

Additional features, like wireless charging and a head-up display with augmented reality are added to higher trims. Another feature that’s available in certain trims is vehicle-to-load charging. As long as there’s 15% or more power left in the battery, electricity can be taken out of it to run a computer or lights or other features.

The tech-filled crossover doesn’t limit its capabilities to the cabin. Proximity key entry with a push button start is standard while other trims offer the Hyundai Digital Key, which allows Android users to lock and unlock their car through their smartphone.

Safety Features

Hyundai offers several safety features as standard on every 2023 Ioniq 5. Blind-spot collision avoidance, a rear cross-traffic alert, rear parking sensors, lane keep assist, driver attention warning, stop-and-go automatic cruise control, and a rear-seat occupant alert are among them. Forward-collision warning with automated emergency braking, front parking sensors, and a blind-spot monitor are available at other trim levels.

2023 Hyundai Ioniq 5 Trims & Pricing

The 2023 Hyundai Ioniq 5 is available in three trims: the SE, SEL, and the Limited. There’s a catch when it comes to the SE, though. There’s a SE Standard Range version and a regular SE version. 

2023 Hyundai Ioniq 5 Blind Spot Monitor - hyundaiusa.com
2023 Hyundai Ioniq 5 Blind Spot Monitor - hyundaiusa.com

SE – $41,450

The SE starts out with a standard range RWD version at $41,450 that reaches 220 miles in combined city and highway with all-electric range. There’s also a version of the SE that gets 303 all-electric miles. That one is also available with AWD. That version starts at $45,500. I already mentioned some of the standard safety and infotainment features that start on the base SE trim, but here’s a recap of the most notable features. You get five USB ports, wired Apple CarPlay and Android Auto integration, voice recognition, navigation, blind-spot collision avoidance, a rear cross-traffic alert, rear parking sensors, lane keep assist, and stop-and-go automatic cruise control.

2023 Hyundai Ioniq 5 Digital Key - hyundaiusa.com
2023 Hyundai Ioniq 5 Digital Key - hyundaiusa.com

SEL – $45,500

Going up to the SEL adds perks like leatherette upholstery, a heated steering wheel, a hands-free powered liftgate, powered front windows, and wireless charging. The SEL also has ambient lighting on the door trim and an auto-dimming rearview mirror. Forward-collision avoidance and forward parking sensors are standard at the SEL level as well. Plus, the SEL has that Hyundai Digital Key I’d mentioned earlier.

2023 Hyundai Ioniq Bose Audio - hyundaiusa.com
2023 Hyundai Ioniq Bose Audio - hyundaiusa.com

Limited – $47,450

At the top of the 2023 Ioniq 5 lineup is the Limited trim. It comes with an eight-speaker Bose stereo system, an eight-way power passenger seat, ventilated front seats, a driver’s seat with an integrated memory system, and a head-up display.

The cabin also gains extra functionality with a sliding center console and rear side-window shades. Safety is increased with rain-sensing windshield wipers, surround-view and blind-spot monitors, and a Remote Smart Parking Assistant feature that aids in self-parallel or perpendicular parking, useful for those tight spots that are hard to maneuver in and out of.

On the outside of the 2023 Ioniq 5 Limited are gloss-black accents. When equipped with AWD, the Limited is available with 20-inch Alloy wheels, too.

Warranties

Hyundai covers the 2023 Ioniq 5 with several warranties. First, there’s the limited warranty which lasts five years or 60,000 miles (whichever comes first). Then there’s a powertrain warranty covering 10 years or 100,000 miles. The battery is covered for 10 years or 100,000 miles, too. Finally, a complimentary maintenance warranty lasts three years or 36,000 miles.

What we think

2023 Hyundai Ioniq 5 - hyundaiusa.com

2023 Hyundai Ioniq 5 – hyundaiusa.com |  Shop 2023 Hyundai Ioniq 5 on Carsforsale.com

This is one sharp vehicle! It certainly looks futuristic, and it doesn’t lack many modern amenities, but you may have to pay for them since several features aren’t standard across the lineup. Compared to other EVs, the 2023 Ioniq 5 does have a better starting price. It gets a positive point there. Granted, a 2023 Mercedes-Benz EQS or 2023 Porsche Taycan will have a level of luxury that the Hyundai Ioniq 5 can’t match. You get what you pay for sometimes.

Overall, though, the Ioniq 5 is a nice blend of comfort, safety, style, and technology. There isn’t an area that the Ioniq 5 loses a lot of points in. If you’re thinking about making a jump to an all-electric vehicle for the first time, the range and features that come with this crossover shouldn’t disappoint. The final sales bill, even with a top-of-the-line model, will be easier to stomach than with some of the competition.

If you want a glimpse at the other all-electric options out there, take a look at the Best Electric Vehicles to Buy in 2022. We also have a list of the Top 10 Longest Range Electric Cars if you’re looking to get the most miles out of your purchase. For more Hyundai Ioniq news, you can also take a look at our sneak peek of the Hyundai Ioniq 6.

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Jesse Batson

Jesse Batson earned his journalism degree from South Dakota State University. No stranger to newsgathering and reporting, Jesse spent 13 years in TV news. 10 of those years were spent working in Charlotte, NC, home of NASCAR. A highlight of his time there was being able to take a lap around the Charlotte Motor Speedway. His interest in vehicles, starting with Matchbox cars, a Big Wheel, and the Transformers, evolved into taking photos of motocross events. Now, he puts his research skills to use on car culture, reviews, and comparisons.

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