The 2023 Hyundai IONIQ 5 is a groundbreaking all-electric compact SUV that draws inspiration from Hyundai's past while embracing a futuristic design. Produced from 2022 onwards, its key trims include SE, SEL, and Limited. The pricing ranges from approximately $45,000 to $56,000. Its retro-futuristic styling, fast charging capabilities, and spacious interior are major factors contributing to its popularity and appeal to EV enthusiasts and families alike. Its Vehicle-to-Load (V2L) function is also a standout feature.
The Good
The 2023 Hyundai IONIQ 5 boasts impressive performance with quick acceleration and smooth handling. Its bold, distinctive design appeals emotionally, while its excellent efficiency and fast charging are practical benefits. Comfortable seating, a spacious cabin, and competitive pricing add to its value. Early reliability reports are generally positive, enhancing its appeal for long-term ownership.
The Bad
Potential weaknesses of the 2023 Hyundai IONIQ 5 include limited availability and potential markups at dealerships. Some users have reported software glitches or issues with the infotainment system. The ride can be a bit firm, and rear visibility could be better. Be aware of potential battery degradation over time, a concern for all EVs, and monitor for any charging issues.
2023 Hyundai IONIQ 5: Quick Overview
- Engine Options: Single Motor RWD, Dual Motor AWD
- Horsepower: RWD: 168 hp (Standard Range), 225 hp (Long Range). AWD: 320 hp
- Fuel Economy (MPGe): RWD: Up to 132 City/98 Hwy. AWD: Up to 110 City/87 Hwy (EPA estimates vary by configuration)
- 0-60 Times: RWD: Around 7-8 seconds. AWD: Around 4.5-5 seconds
- Towing Capacity: Not recommended for towing in North America. Some markets outside North America have a limited towing capacity.
- Trim-Level Features:
- SE: 12.3-inch touchscreen display, Apple CarPlay & Android Auto, Highway Driving Assist, cloth seats, LED headlights.
- SEL: All SE features plus H-Tex leatherette seating surfaces, power driver seat, heated front seats, wireless device charging, Hyundai Digital Key.
- Limited: All SEL features plus Vision Roof (panoramic sunroof), Remote Smart Parking Assist, Blind-Spot View Monitor, Surround View Monitor, Bose Premium Audio, heated steering wheel, ventilated front seats, head-up display with augmented reality.
- Battery Capacity: Standard Range: 58 kWh. Long Range: 77.4 kWh
- Charging Time: With a 350kW DC fast charger, it can charge from 10% to 80% in approximately 18 minutes.
- Range: Standard Range (RWD): ~220 miles. Long Range (RWD): ~303 miles. Long Range (AWD): ~266 miles (EPA estimates vary by configuration)
2023 Hyundai IONIQ 5 Specifications
Vehicle Information
| Year | 2023 |
| Make | Hyundai |
| Model | IONIQ 5 |
| Trim | - |
| Style | - |
| Type | Minivan |
| Category | Standard Sport Utility Vehicle |
Manufacturing Details
| Made In | South Korea |
| Manufacturing City | UL-SAN |
Dimensions
| Doors | 5-Door |
| Curb Weight | - |
| Gross Vehicle Weight Rating | 6000 pounds |
| Overall Height | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | 5 |
Engine & Performance
| Engine | Electric |
| Engine Size | - |
| Engine Cylinders | 4 |
| Transmission | 1-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 1-Speed |
| Drivetrain | Four-Wheel Drive |
Additional Features
| Anti-Brake System | Standard |
| Steering Type | - |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | - |
| Invoice Price | - |
| Delivery Charges | - |
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What Problems Does the 2023 Hyundai IONIQ 5 Have?
Frequently reported problems for the 2023 Hyundai IONIQ 5, and earlier model years, often revolve around the infotainment system and software glitches. Some owners have reported issues with the digital key, connectivity problems with Apple CarPlay and Android Auto, and occasional freezing of the touchscreen.
Recalls have included issues related to the Integrated Charging Control Unit (ICCU), which could potentially cause the vehicle not to charge or even lose power while driving. It's crucial to check for open recalls on the vehicle's VIN through the NHTSA website.
Long-term reliability concerns, as with any EV, center on battery degradation. While Hyundai offers a good battery warranty (typically 10 years/100,000 miles), the actual long-term performance of the battery is still being evaluated. Other potential concerns include the durability of the advanced driver-assistance systems (ADAS) sensors and the overall longevity of the electric motors and associated components. Early reports suggest the car is generally reliable, but careful monitoring and adherence to recommended maintenance schedules are essential to mitigating potential long-term issues. Some owners have also noted issues with the heat pump in colder climates, leading to reduced range in winter conditions. Staying up-to-date with software updates is critical to address known bugs and improve overall system performance.
Recalls have included issues related to the Integrated Charging Control Unit (ICCU), which could potentially cause the vehicle not to charge or even lose power while driving. It's crucial to check for open recalls on the vehicle's VIN through the NHTSA website.
Long-term reliability concerns, as with any EV, center on battery degradation. While Hyundai offers a good battery warranty (typically 10 years/100,000 miles), the actual long-term performance of the battery is still being evaluated. Other potential concerns include the durability of the advanced driver-assistance systems (ADAS) sensors and the overall longevity of the electric motors and associated components. Early reports suggest the car is generally reliable, but careful monitoring and adherence to recommended maintenance schedules are essential to mitigating potential long-term issues. Some owners have also noted issues with the heat pump in colder climates, leading to reduced range in winter conditions. Staying up-to-date with software updates is critical to address known bugs and improve overall system performance.
How long will the 2023 Hyundai IONIQ 5 last?
Based on current owner data and typical maintenance habits, the 2023 Hyundai IONIQ 5 can be expected to provide 150,000 to 200,000 miles or 10-15 years of service with proper care. Long-term durability hinges significantly on battery health, which can be affected by charging habits (avoiding frequent full charges/discharges helps). Weaknesses over time may include gradual battery degradation, potential wear and tear on suspension components due to the vehicle's weight, and the ongoing need for software updates to maintain optimal system performance. Regular maintenance, including tire rotations, brake inspections, and fluid checks (coolant), is crucial for maximizing longevity.
What Technology & Safety Features are Included?
The 2023 Hyundai IONIQ 5 boasts a wealth of built-in tech. Its infotainment system features dual 12.3-inch screens for the instrument cluster and touchscreen display. Standard entertainment features include Apple CarPlay and Android Auto integration, while higher trims offer a Bose premium audio system. Driver-assistance features are comprehensive, including standard Highway Driving Assist, forward collision avoidance, lane keeping assist, and blind-spot monitoring.
Optional features (depending on trim) include Remote Smart Parking Assist, a Blind-Spot View Monitor (which displays a camera view in the instrument cluster when you activate the turn signal), a Surround View Monitor, and a head-up display with augmented reality that projects navigation and safety information onto the windshield.
Safety features also include rear cross-traffic alert, safe exit assist, and driver attention warning. The IONIQ 5 has received generally positive crash-test ratings. The IIHS (Insurance Institute for Highway Safety) awarded it a Top Safety Pick+ for 2022 models, and while 2023 ratings may vary slightly, it is expected to maintain strong safety performance. NHTSA (National Highway Traffic Safety Administration) ratings are also typically high, providing reassurance regarding occupant safety. The Vehicle-to-Load (V2L) function, allowing the car to power external devices, is a unique and valuable technology feature.
Optional features (depending on trim) include Remote Smart Parking Assist, a Blind-Spot View Monitor (which displays a camera view in the instrument cluster when you activate the turn signal), a Surround View Monitor, and a head-up display with augmented reality that projects navigation and safety information onto the windshield.
Safety features also include rear cross-traffic alert, safe exit assist, and driver attention warning. The IONIQ 5 has received generally positive crash-test ratings. The IIHS (Insurance Institute for Highway Safety) awarded it a Top Safety Pick+ for 2022 models, and while 2023 ratings may vary slightly, it is expected to maintain strong safety performance. NHTSA (National Highway Traffic Safety Administration) ratings are also typically high, providing reassurance regarding occupant safety. The Vehicle-to-Load (V2L) function, allowing the car to power external devices, is a unique and valuable technology feature.
What Colors Options are Available?
Exterior Colors
Atlas White
Digital Green
Gravity Gold Matte
Shooting Star Matte
Lucid Blue Pearl
Cyber Gray Metallic
Phantom Black Pearl
Hyper Silver
Intense Blue
Galactic Gray
Mystic Olive Green
Stellar White
Obsidian Black
Interior Colors
Dark Pebble Gray
Black
Gray/Green
Dove Gray/Dark Gray
Tera Brown/Black
Dark Teal/Gray
Beige/Black
2023 Hyundai IONIQ 5 Prices and Market Value
The 2023 Hyundai IONIQ 5 had a starting MSRP of around $45,000, with higher trims reaching up to $56,000 when new. Current used market prices vary widely based on mileage, condition, and trim level but typically range from $35,000 to $50,000. Depreciation is relatively low for EVs, particularly those with strong demand, and the IONIQ 5 is no exception. Factors affecting resale value include battery health, mileage, accident history, and the availability of government incentives for new EVs. Over time, newer models with improved battery technology will likely impact the resale value of older IONIQ 5s.
2023 Hyundai IONIQ 5 Cost of Ownership
Insurance costs for the 2023 Hyundai IONIQ 5 are typically moderate, influenced by its safety features and repair costs. "Fuel" costs (electricity) are significantly lower than gasoline, making it economical to "fuel." Maintenance is generally less expensive than gasoline cars due to fewer moving parts. Repair costs can be higher for specialized EV components. Long-term ownership costs are overall economical, primarily due to lower energy and maintenance expenses. However, potential battery replacement costs should be factored into long-term planning.
2023 Hyundai IONIQ 5 Fuel Efficiency
Fuel Type
Electric
Fuel Capacity
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City Mileage
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Highway Mileage
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2023 Hyundai IONIQ 5 Safety Rating
NHTSA
2023 Hyundai IONIQ 5 Insurance
Insurance for a 2023 Hyundai IONIQ 5 is moderately priced, reflecting its status as a Minivan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2023 Hyundai IONIQ 5 Compare to Other Minivan?
The 2023 Hyundai IONIQ 5 competes with vehicles like the Tesla Model Y, Ford Mustang Mach-E, Volkswagen ID.4, and Kia EV6. In terms of performance, the IONIQ 5 offers comparable acceleration to the ID.4 but is generally quicker than the Mustang Mach-E and Model Y, depending on the configuration. Feature-wise, the IONIQ 5 stands out with its Vehicle-to-Load (V2L) capability, which is unique in its class. Reliability data is still emerging, but early indications suggest it's on par with its competitors. Price-wise, it often sits competitively, sometimes lower than the Tesla Model Y.
The Kia EV6, built on the same platform, offers similar performance and features but with a slightly different design. The Ford Mustang Mach-E provides a sportier driving experience. The Tesla Model Y boasts access to Tesla's Supercharger network. The Volkswagen ID.4 often comes with a lower starting price.
A "better" alternative depends on individual needs. If access to a vast and reliable charging network is crucial, the Tesla Model Y is a strong contender. For a sportier driving experience, the Mustang Mach-E might be preferable. The Kia EV6 offers a compelling alternative with similar strengths. For the best blend of features, value and distinctive styling, the IONIQ 5 is an excellent choice.
The Kia EV6, built on the same platform, offers similar performance and features but with a slightly different design. The Ford Mustang Mach-E provides a sportier driving experience. The Tesla Model Y boasts access to Tesla's Supercharger network. The Volkswagen ID.4 often comes with a lower starting price.
A "better" alternative depends on individual needs. If access to a vast and reliable charging network is crucial, the Tesla Model Y is a strong contender. For a sportier driving experience, the Mustang Mach-E might be preferable. The Kia EV6 offers a compelling alternative with similar strengths. For the best blend of features, value and distinctive styling, the IONIQ 5 is an excellent choice.
Final Verdict: Is the 2023 Hyundai IONIQ 5 a Good Minivan?
The 2023 Hyundai IONIQ 5 is an ideal choice for individuals and families seeking a stylish, spacious, and technologically advanced electric SUV. It's particularly well-suited for those who value fast charging, distinctive design, and a comfortable ride. It's worth buying, especially if you can take advantage of any available tax credits or incentives. Buying new allows you to configure the car to your exact specifications and benefit from the full warranty. A used IONIQ 5 can be a good value if you find one in good condition with reasonable mileage, but carefully inspect the battery's health. The SEL or Limited trims offer the best balance of features and value, providing a more premium experience without the highest price tag.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma