2023 Hyundai IONIQ 5 Review

By Alexi Falson on 12 Dec 2023
image for 2023 Hyundai IONIQ 5 Review
OnlineAuto Rating
out of 10
  • Price cuts make switching more compelling than ever
  • Jam-packed safety equipment lists
  • Clever interior packaging up front
  • Limited range for base model
  • Sloping roofline eats into rear headroom potential
  • Not as dynamic as rivals on the road
Hyundai Ioniq 5 Dynamiq 2WD Specs
    • 0
    • 0
    • 0 / 0
    • 5 star
    • Automatic
Hyundai’s battery-electric SUV, the IONIQ 5 has proven a hit with Australian buyers, offering a healthy mix of real-world driving range and generous features for a reasonable price.

In 2023, the news gets even better, with the company introducing a new entry-level variant for price-conscious buyers.

The big question remaining, though, is just how well the new base model can keep up with the rest of the Ioniq 5 range and its rivals in the world of battery-electric family cars.

Let’s take a closer look to see how the range stacks up in 2023.

Hyundai IONIQ 5 Competition

Hyundai IONIQ 5

Kia EV6
Tesla Model Y
Volvo XC40 Recharge
Lexus RZ

Starting Price: $64,500

OnlineAuto Savings: Enquire now

How Much Does It Cost?

The Hyundai Ioniq 5 range is priced from $64,500 for the entry-level Ioniq 5 Standard Range RWD, while the move to the Ioniq 5 Extended Range RWD brings the price to $70,500, up to $76,00 for the Dynamiq variant and up to $79,500 for the Epiq.

The range-topping Ioniq 5 Extended Range AWD is priced from $80,500 for the Dynamiq variant and at $84,000 for the Extended Range AWD Epiq variant.

Keep in mind that these prices are subject to change and do not include on-road costs.

How Much Can OnlineAuto Save You?

Using OnlineAuto’s car buying service, you could save by letting one of our car specialists help you find the best value model for you.

Hyundai IONIQ 5 (DYNAMIQ 2WD) Specifications

Model Date 2023
Model IONIQ 5
Series NE.V3 MY23
Fuel type ELECTRIC
Transmission 1 SP AUTOMATIC
Drive RWD
Engine ELEC
Engine capacity 0
Engine configuration NOT APPLICABLE / 0 valves
Engine RPM 0 / 0
Cylinders -
Torque 350
KW 168
Fuel tank size 0.0
Fuel usage specs 0.0 / 0
CO2 0
ANCAP security rating 5

What Features Does the Hyundai Ioniq 5 Have?

Hyundai’s entry-level IONIQ 5 comes riding on a set of 19-inch alloys and receives a mix of yarn, wool and leather for the upholstery, dual-zone climate control, a surround view monitor with parking sensors, adaptive cruise control, a 12.3-inch digital instrument cluster, wireless phone charger, a heat pump and a 12.3-inch infotainment display with Apple CarPlay & Android Auto.

Stepping up to the IONIQ 5 Dynamiq range adds a set of 20-inch alloys, leather upholstery with heated front seats, head-up display with augmented reality, a sliding centre console and an upgraded eight-speaker sound system from Bose.

Finally, the range-topping IONIQ 5 Epiq range picks up a panoramic sunroof, upgraded front seats with ventilation, heated rear seats and steering wheel, power-adjustable rear seats, rear privacy glass and the option of a pair of digital rear-view mirrors.

2023 hyundai ioniq 5 interior

Range Features:

  • 19-inch alloys

  • Surround-view monitor with parking sensors 

  • Adaptive cruise control 

  • Dual-zone climate control 

  • Yarn, wool & leather upholstery 

  • 12.3-inch digital instrument cluster

  • Wireless charging pad 

  • Heat pump 

  • 12.3-inch infotainment display with Apple CarPlay & Android Auto 

  • 20-inch alloys (Dynamiq)

  • Leather upholstery with heated front seats (Dynamiq)

  • Head-up display (Dynamiq)

  • Panoramic sunroof (Epiq)

  • Upgraded front seats with ventilation (Epiq)

  • Heated rear seats & steering wheel (Epiq)

Is the Hyundai IONIQ 5 Comfortable to Drive?

The driving experience on offer in the Hyundai Ioniq 5 changes dramatically depending on which variant you’re opting for.

The entry-level, single-motor Ioniq 5 produces 125kW of power and 350Nm of torque which delivers some decent acceleration, rising up to 168kW/350Nm in the Extended Range RWD, while the dual-motor variant pushes out a massive 239kW of power and 605Nm of torque, offering super rapid acceleration that is delivered instantly thanks to the immediate flood of torque.

There’s no major transition when getting behind the wheel of the battery-electric Ioniq 5, which offers a smooth and particularly user-friendly approach for drivers new to the segment.

Around town, the Ioniq 5 wastes no time in getting up to speed, while remaining easy to pilot through a tight squeeze from the lightweight steering rack and relatively compact proportions.

The one pedal driving mode, nicknamed the i-Pedal allows you to wipe off speed simply by letting off the throttle, and once you’re acquainted, makes for a particularly easy way to tackle the constant stop-start of rush hour traffic while recapturing some energy for later use.

Hit the open road and the Ioniq 5 remains pretty confident, a moderate amount of body roll - in spite of its weight - and offers a surprisingly soft suspension package that helps to float over bumps and irregularities that frequent Aussie roads.

2023 hyundai ioniq 5 dynamiq

Hit the open road and country B-roads and the Ioniq 5 definitely isn’t the most agile package on the market, though the inherently soft suspension makes it a confident little all-rounder for our roads Down Under.

How Far Can the Hyundai IONIQ 5 Drive on a Single Charge?

Driving ranges per charge for the IONIQ 5 range depends on which variant you’re grabbing, with the entry-level Standard Range RWD picking up a compact 53kWh lithium-ion battery pack that offers 384km of range on a combined cycle.

Step up to the Ioniq 5 Extended Range RWD and range figures jump up to 507km per charge from the 77.4kWh battery pack, while the range-topping Ioniq 5 Extended Range AWD can drive up to 454km on the combined cycle due to the added energy required for its pair of electric motors.

  • Standard Range RWD: 384km 

  • Extended Range RWD: 507km

  • Extended Range AWD: 454km

This means that if maximum driving range per charge is a key priority, be sure to opt for the IONIQ 5 Extended Range RWD which offers the best driving ranges per charge of 507km.

Is it Practical and Spacious?

Hyundai’s bespoke electric vehicle platform has allowed the company to get creative with the interior layout and cabin packaging and the end result is a familiar yet futuristic take on Hyundai’s passenger car designs.

Up front, the driver and front passenger are welcomed by a sleek, minimalist design that offers just a few physical buttons for the climate and media controls, topped by a 12.3-inch infotainment display and another 12.3-inch display for the driver.

Interior space and headroom in the front of the Ioniq 5’s cabin are decent, with no issues for taller drivers, with some added legroom on offer from the removal of the typical transmission tunnel that eats into space between the driver and front passenger.

The unique centre console design houses a pair of cup holders, two tiers of storage and a clever sliding mechanism that allows for more legroom in the second row of the cabin, with a heap of storage spots and practical touches that speak to Hyundai’s clever designers.

Move to the rear of the cabin and there’s a healthy amount of legroom for tall rear passengers, though the same can’t be said for headroom in the second row which is impacted by the sloping roofline that eats into ceiling space.

The second row picks up a set of ISOFIX anchors and three top tether mounts for child seats, with easy access to the bench and a heap of space behind the front seats for bulky units, with amenities like USB chargers, air vents and large door bins on offer for passengers.

Finally, the Ioniq 5 RWD range has a boot measuring in at 527L, with an additional 57L of storage under the bonnet, bringing its total capacity to 584L in total, which is very much in-line with its rivals in the midsize SUV segment.

Keep in mind that opting for the dual-motor configuration drops capacity in the front boot to 25L, so 552L in total.

Is it Safe?

The Ioniq 5 range has been awarded ANCAP’s maximum five-star safety rating and comes packed to the gills with active safety equipment, making it a remarkably safe battery-electric SUV.

As standard, the Ioniq 5 picks up adaptive cruise control, rear cross-traffic alerts, a surround-view monitor with parking sensors, lane-keep assistance, blind-spot monitoring, attention warnings, and clever forward and reverse autonomous emergency braking systems that offer vehicle, pedestrian and cyclist detection, junction assist, evasive steering and lane-change assistance.

All up, even the entry-level Ioniq 5 comes jam-packed with all the safety gear you could ever need, which is a nice touch from Hyundai considering the temptation to reserve certain features for mid- and high-ranking variants.

Our Verdict: Is the Hyundai IONIQ 5 Worth it?

We know making the switch to a battery-electric vehicle is no small feat, though the majority of the latest Hyundai Ioniq 5 lineup makes it a simple, comfortable and reasonably affordable transition.

On the road, the Ioniq 5 isn’t super dynamic, though the suspension is accommodating to Australian roads, and while range figures for the base model aren’t huge, it remains one of the more affordable battery-electric mid-size SUVs that comes jam-packed with equipment.

2023 hyundai ioniq 5 epiq

If you’re curious as to which Ioniq 5 variant is perfect for you and your family, be sure to reach out to one of our car buying specialists who can help find you a great deal.

Five Specs You Need to Know

  1. Five-year/unlimited-kilometre warranty 

  2. Eight-year/160,000km warranty for battery

  3. Range figures between 384km - 507km from 53kWh/77.4kWh batteries 

  4. Single motor produces 125kW/350Nm, dual-motor produces 239kW/605Nm 

  5. Five-star ANCAP safety rating 


Alexi Falson

Alexi is an automotive journalist and road tester hailing from Byron Bay. He has an affection for both cars and motorbikes, a great admiration for the simplicity of old-school engineering, and a fascination of new technology making its way to modern cars. When he's not road testing, you'll find him surfing, hiking or helping people find their dream cars.

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