Hyundai Ioniq 5 RWD Vs Other EV Crossovers/SUVs: Best Value?

The Hyundai Ioniq 5 offer in the U.S. has electrified customers as the MSRP pricing appears to be very competitive.

We have already compared the all-wheel-drive version with other crossovers/SUVs, but now let’s take a look at the less expensive, rear-wheel-drive version with the 77.4 kWh battery, which appears to be one of the top value propositions.

For the comparison we selected several crossover/SUV models (from Tesla, Ford, Audi, VW and Nissan), with a single motor and/or range or about 300 miles, that might be cross shopped with the Hyundai Ioniq 5 RWD.

Hyundai Ioniq 5 Vs Tesla Model Y

First on the list is the Tesla Model Y, which in the U.S. is available only in the all-wheel drive version (this is the only AWD model in this comparison). However, as the Tesla Model Y is by far the most popular electric car on the market (see sales results here), it’s the starting point for any discussion.

The Hyundai Ioniq 5 SE RWD has a similar battery to the Tesla Model Y LR AWD, and it seems that both cars with 19″ wheels have a pretty similar range. 303 miles (488 km) of EPA range in the case of the Hyundai Ioniq 5 is a really good result.

Tesla’s advantage will be 8% more EPA range, dual-motor, all-wheel-drive, probably better acceleration, better top speed, and of course, access to the Supercharging network.

However, the Hyundai Ioniq 5 has an outstanding fast charging capability – one of the best on the market as long as there are high-power 800 V chargers (10-80% SOC in 18 minutes) – and a big advantage in terms of MSRP price – 26% or over $15,000.

Because Tesla is no longer eligible for the $7,500 federal tax credit, the effective difference is at almost 38% or almost $23,000. That’s a very big difference that allows adding some options or even selection of a better-equipped trim.

We assume that if one does not need the AWD and better acceleration, but would like about 300 miles of range, the price difference makes it a very serious competitor.

The unknown is the availability (it might be limited) and dealer markups, which would affect the price difference between the two.

EV Comparison Side-by-Side by InsideEVs
Model2022 Hyundai Ioniq 5 SE RWD 19″
[A]
Difference
[A] / [B]
2021 Tesla Model Y Long Range AWD 19″
[B]
DriveRWD AWD
Battery77.4 kWh-3.3%80 kWh*
EPA Range
Combined303 mi
(488 km)
-8.2%330 mi*
(531 km)
Specs
0-60 mph  4.8 s
Top speed115 mph
(185 km/h)
-14.8%135 mph
(217 km/h)
Peak power168 kW  
EPA Energy Consumption (including charging losses)
Combined114 MPGe: 296 Wh/mi (184 Wh/km)  
City132 MPGe: 255 Wh/mi (159 Wh/km)  
Highway98 MPGe: 344 Wh/mi (214 Wh/km)  
Prices
MSRP$43,650-26%$58,990
Dest. Charge+$1,225 +$1,200
Tax Credit$7,500 N/A
Effective Price$37,375-37.9%$60,190

Hyundai Ioniq 5 Vs Ford Mustang Mach-E

The next EV on the list is the Ford Mustang Mach-E (the latest 2022 model year) in the base Route 1 Extended Range RWD version.

The Mach-E has noticeably bigger battery (by some 22%), but it has basically the same EPA range, even with smaller 18″ wheels. The 19″ wheels in Premium trim ($2,325 more) decrease the range a bit to 300 miles EPA.

The biggest difference appears to be the price – much more attractive in the case of the Hyundai Ioniq 5 (by over 19% of $9,000 effectively). The Ioniq 5 also has a better charging curve.

EV Comparison Side-by-Side by InsideEVs
Model2022 Hyundai Ioniq 5 SE RWD 19″
[A]
Difference
[A] / [B]
2022 Ford Mustang Mach-E Route 1 ER RWD 18″
[B]
DriveRWD RWD
Battery77.4 kWh-21.7%98.8 kWh
EPA Range
Combined303 mi
(488 km)
-0.7%305 mi*
(491 km)
Specs
0-60 mph  6.1 s
Top speed115 mph
(185 km/h)
  
Peak power168 kW-22.2%216 kW
EPA Energy Consumption (including charging losses)
Combined114 MPGe: 296 Wh/mi (184 Wh/km)12.9%101 MPGe: 334 Wh/mi (207 Wh/km)
City132 MPGe: 255 Wh/mi (159 Wh/km)22.2%108 MPGe: 312 Wh/mi (194 Wh/km)
Highway98 MPGe: 344 Wh/mi (214 Wh/km)4.3%94 MPGe: 359 Wh/mi (223 Wh/km)
Prices
MSRP$43,650-17.3%$52,775
Dest. Charge+$1,225 +$1,100
Tax Credit$7,500 $7,500
Effective Price$37,375-19.4%$46,375

Hyundai Ioniq 5 Vs Audi Q4 e-tron

The Audi Q4 40 e-tron (RWD) is similarly priced, but despite a slightly bigger battery, it has a noticeably lower EPA range. Acceleration is expected to be better in the Hyundai Ioniq 5, which has a higher top speed and better fast charging characteristics.

EV Comparison Side-by-Side by InsideEVs
Model2022 Hyundai Ioniq 5 SE RWD 19″
[A]
Difference
[A] / [B]
2022 Audi Q4 40 e-tron 19″
[B]
DriveRWD RWD
Battery77.4 kWh-5.6%82 kWh
EPA Range
Combined303 mi
(488 km)
21.2%250 mi*
(402 km)
Specs
0-60 mph  7.9 s
Top speed115 mph
(185 km/h)
16.2%99 mph
(159 km/h)
Peak power168 kW12%150 kW
EPA Energy Consumption (including charging losses)
Combined114 MPGe: 296 Wh/mi (184 Wh/km)  
City132 MPGe: 255 Wh/mi (159 Wh/km)  
Highway98 MPGe: 344 Wh/mi (214 Wh/km)  
Prices
MSRP$43,650-0.6%$43,900
Dest. Charge+$1,225 +$1,095
Tax Credit$7,500 $7,500
Effective Price$37,375-0.3%$37,495

Hyundai Ioniq 5 Vs Volkswagen ID.4

The comparison with the Volkswagen ID.4 is very similar to the previous one, but the ID.4 is less expensive (effectively, by 11%). We are also waiting for the numbers for the 2022 model year.

EV Comparison Side-by-Side by InsideEVs
Model2022 Hyundai Ioniq 5 SE RWD 19″
[A]
Difference
[A] / [B]
2021 Volkswagen ID.4 Pro 19″
[B]
DriveRWD RWD
Battery77.4 kWh-5.6%82 kWh
EPA Range
Combined303 mi
(488 km)
16.5%260 mi
(418 km)
City  278.5 mi
(448 km)
Highway  237.1 mi
(381 km)
Specs
0-60 mph   
Top speed115 mph
(185 km/h)
  
Peak power168 kW12%150 kW
EPA Energy Consumption (including charging losses)
Combined114 MPGe: 296 Wh/mi (184 Wh/km)15.2%99 MPGe: 340 Wh/mi (212 Wh/km)
City132 MPGe: 255 Wh/mi (159 Wh/km)23.4%107 MPGe: 315 Wh/mi (196 Wh/km)
Highway98 MPGe: 344 Wh/mi (214 Wh/km)7.7%91 MPGe: 370 Wh/mi (230 Wh/km)
Prices
MSRP$43,6509.1%$39,995
Dest. Charge+$1,225 +$1,195
Tax Credit$7,500 $7,500
Effective Price$37,37510.9%$33,690

Hyundai Ioniq 5 Vs Nissan Ariya

The last model on the list is the upcoming 2023 Nissan Ariya (see more info here), which in its entry-level Venture+ version (front-wheel drive), appears to be interesting.

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