FYI: The Hyundai Ioniq 5 is a rising star in the electric crossover market, challenging Tesla’s Model Y on multiple fronts.
The Rise of the Hyundai Ioniq 5: A Serious Challenger to Tesla’s Model Y
For years, the Tesla Model Y dominated the electric car market, particularly in Western regions. Its blend of range, charging speed, affordability, and practicality catapulted it to the top of the charts. However, the automotive landscape is changing rapidly. New competitors, particularly the Hyundai Ioniq 5, are now giving Tesla a run for its money.
Price Comparison
Hyundai Ioniq 5:
- SE AWD: $50,745 (MSRP)
- Likely to be available with promotional discounts from Hyundai dealers.
Tesla Model Y:
- AWD: $48,000 (MSRP)
While the Model Y’s base price is slightly lower, potential dealership promotions can make the Ioniq 5 a more financially attractive option.
Design and Aesthetics
One of the most subjective aspects of any vehicle comparison is the design. Many find Tesla’s minimalist design philosophy appealing, but others, like Kurt from EatSleepDrive, disagree. He pointedly remarks that the Model Y resembles a "frog," whereas the Ioniq 5 combines modern and retro elements.
Anticipation is building for a Model Y front facelift expected next year. Buyers may want to consider waiting if they prefer the aesthetics of the upcoming design. In contrast, the Ioniq 5 already boasts a unique and striking appearance on the road.
Interior Space and Practicality
Though it may look compact from the outside, the Ioniq 5 offers surprisingly ample interior space. While the front trunk (frunk) is on the smaller side, its hatch area, especially with the rear seats folded down, provides significant cargo capacity. In this regard, it surpasses many expectations and even accommodates larger items like bikes comfortably.
Range and Battery Performance
Hyundai Ioniq 5:
- 77.4 kWh battery
- 260 miles (AWD)
- 303 miles (RWD)
Tesla Model Y:
- 85 kWh battery
- 308 miles (AWD)
- 320 miles (RWD)
In on-road tests, including a 200-mile drive in moderate weather, the Ioniq 5 delivered 3.6 miles/kWh and concluded with 24% battery remaining. This result matches Hyundai’s range claims and eclipses some of Tesla’s projections in similar tests.
Build Quality and Comfort
Kurt notes a superior build quality in the Ioniq 5 compared to the Model Y. Despite Tesla’s advancements, he likens the Ioniq 5’s construction to the reliability of Honda and Toyota. Furthermore, the Ioniq 5’s ride quality is another highlight. Its suspension offers a notably smoother and more comfortable ride across varying road conditions. The car handles well, bringing a hint of sportiness that enthusiasts will appreciate.
Infotainment and Features
Although the Ioniq 5 includes physical buttons for critical functions, which many drivers prefer, its infotainment system has drawbacks. Features like USB-C ports and wireless Apple CarPlay/Android Auto are notably absent in the 2024 model, aspects Hyundai will hopefully address in future updates.
Final Thoughts
Ultimately, the choice between the Hyundai Ioniq 5 and Tesla Model Y hinges on individual preferences. Both cars have their strengths and areas for improvement. The Ioniq 5 offers compelling value with its design, build quality, and comfortable ride. Conversely, the Model Y continues to set the bar high with its efficiency and minimalist design.
Whether you lean towards Hyundai’s innovation or Tesla’s established presence, the growing competition in the electric vehicle market is a win for consumers, providing more choices and driving technological advancements.
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William Kouch, Editor at Automotive.fyi
