The 2024 Hyundai IONIQ 5 is a groundbreaking all-electric compact crossover SUV, first launched for the 2022 model year. It boasts a distinctive retro-futuristic design, blending sharp lines with pixel-inspired lighting. Available trims include the SE, SEL, and Limited, with pricing generally ranging from around $41,800 to $57,000 before incentives. Its rapid charging capabilities, spacious interior, and unique aesthetic make it a popular choice in the rapidly expanding EV market, standing out from conventional electric vehicles.
The Good
The IONIQ 5 offers impressive performance with quick acceleration and confident handling, appealing to emotional drivers. Its striking, spacious design and comfortable ride enhance the emotional connection. Practically, it excels in efficiency with competitive range and ultra-fast charging. Excellent warranty coverage underpins its reliability and strong value proposition, making it a smart, attractive EV choice.
The Bad
Potential weaknesses include a firm ride on larger wheels, especially with the Limited trim, and some owners report the rearview mirror feels small. The rear window lacks a wiper, which can affect visibility in certain weather conditions. Additionally, some find the infotainment system's menu structure slightly complex, requiring a learning curve.
2024 Hyundai IONIQ 5: Quick Overview
- Engine Options: The 2024 IONIQ 5 offers two main powertrain configurations:
- Standard Range RWD: Single electric motor driving the rear wheels.
- Long Range RWD: Single electric motor driving the rear wheels.
- Long Range AWD: Dual electric motors, one on each axle, providing all-wheel drive.
- Horsepower:
- Standard Range RWD: 168 hp
- Long Range RWD: 225 hp
- Long Range AWD: 320 hp
- Fuel Economy (EPA-estimated MPGe):
- Standard Range RWD: 113 MPGe combined (220 miles range)
- Long Range RWD: 114 MPGe combined (303 miles range)
- Long Range AWD: 101 MPGe combined (260 miles range)
- 0-60 Times:
- Long Range RWD: Approximately 7.3 seconds
- Long Range AWD: Approximately 4.5-5.0 seconds (very quick)
- Towing Capacity:
- Up to 2,300 lbs when properly equipped (requires specific accessory hitch).
- Trim-Level Features:
- SE: Entry-level with 12.3-inch touchscreen, Apple CarPlay/Android Auto, Bluelink connected services, adaptive cruise control, lane-keeping assist, rear parking sensors. Long Range RWD and AWD configurations available.
- SEL: Adds faux leather upholstery, a heated steering wheel, hands-free power liftgate, wireless device charging, front parking sensors, and Highway Driving Assist II. Available with Long Range RWD and AWD.
- Limited: Top-tier trim includes a Vision Roof (panoramic sunroof), head-up display with augmented reality, a premium Bose audio system, Surround View Monitor, Blind-Spot View Monitor, remote smart parking assist, and ventilated front seats. Exclusively available with Long Range RWD and AWD powertrains. All trims benefit from the E-GMP platform's 800V architecture for ultra-fast charging.
2024 Hyundai IONIQ 5 Specifications
Vehicle Information
| Year | 2024 |
| Make | Hyundai |
| Model | IONIQ 5 |
| Trim | - |
| Style | - |
| Type | Minivan |
| Category | Standard Sport Utility Vehicle |
Manufacturing Details
| Made In | Singapore |
| Manufacturing City | - |
Dimensions
| Doors | 5-Door |
| Curb Weight | - |
| Gross Vehicle Weight Rating | 6000 pounds |
| Overall Height | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | - |
Engine & Performance
| Engine | Electric |
| Engine Size | - |
| Engine Cylinders | - |
| Transmission | 1-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 1-Speed |
| Drivetrain | Rear-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 2024 Hyundai IONIQ 5 Have?
As a relatively new model (introduced in 2022), the 2024 Hyundai IONIQ 5 is still building its long-term reliability record, but initial reports are generally positive. However, some early issues and potential concerns have emerged.
One of the most frequently reported issues, particularly for 2022 and early 2023 models, involved the 12V auxiliary battery draining prematurely. This would render the vehicle inoperable, despite the main high-voltage battery having charge. Hyundai addressed this with software updates and, in some cases, battery replacements, and it appears less common in later 2023 and 2024 models. Owners have learned to mitigate this by ensuring the car is "fully off" rather than in accessory mode when parked for extended periods.
Another minor but recurring complaint revolves around the Bluelink connectivity, with some users experiencing occasional glitches or disconnections. Software updates have also aimed to improve this.
The lack of a rear wiper on all models is a common point of frustration for owners in regions with frequent rain or snow, impacting rear visibility. This is a design choice, not a defect, but it's a user experience challenge.
Recalls have been relatively few and minor for the IONIQ 5 so far. One significant recall (NHTSA Campaign Number 23V-198) affected some 2022-2023 models for a potential issue with the integrated charging control unit (ICCU) which could lead to a loss of power. Hyundai provided a software update to address this, and in some cases, ICCU replacement. This is a crucial component, and its reliability is key for long-term ownership, so monitoring its performance is important.
Long-term reliability for EVs generally centers on battery degradation and electric motor longevity. Hyundai provides a strong 10-year/100,000-mile warranty on its EV components, including the battery, instilling confidence. So far, significant widespread issues with battery degradation beyond normal expectations or major motor failures haven't been widely reported for the IONIQ 5. As with any EV, proper charging habits (avoiding consistent 100% charging and extreme low discharges) will contribute to battery health over its lifespan.
One of the most frequently reported issues, particularly for 2022 and early 2023 models, involved the 12V auxiliary battery draining prematurely. This would render the vehicle inoperable, despite the main high-voltage battery having charge. Hyundai addressed this with software updates and, in some cases, battery replacements, and it appears less common in later 2023 and 2024 models. Owners have learned to mitigate this by ensuring the car is "fully off" rather than in accessory mode when parked for extended periods.
Another minor but recurring complaint revolves around the Bluelink connectivity, with some users experiencing occasional glitches or disconnections. Software updates have also aimed to improve this.
The lack of a rear wiper on all models is a common point of frustration for owners in regions with frequent rain or snow, impacting rear visibility. This is a design choice, not a defect, but it's a user experience challenge.
Recalls have been relatively few and minor for the IONIQ 5 so far. One significant recall (NHTSA Campaign Number 23V-198) affected some 2022-2023 models for a potential issue with the integrated charging control unit (ICCU) which could lead to a loss of power. Hyundai provided a software update to address this, and in some cases, ICCU replacement. This is a crucial component, and its reliability is key for long-term ownership, so monitoring its performance is important.
Long-term reliability for EVs generally centers on battery degradation and electric motor longevity. Hyundai provides a strong 10-year/100,000-mile warranty on its EV components, including the battery, instilling confidence. So far, significant widespread issues with battery degradation beyond normal expectations or major motor failures haven't been widely reported for the IONIQ 5. As with any EV, proper charging habits (avoiding consistent 100% charging and extreme low discharges) will contribute to battery health over its lifespan.
How long will the 2024 Hyundai IONIQ 5 last?
Based on current owner data and general EV trends, the Hyundai IONIQ 5 is expected to offer a long service life, likely exceeding 150,000 to 200,000 miles with proper maintenance. Hyundai's robust 10-year/100,000-mile warranty on EV components, including the battery, underscores confidence in its long-term durability. The electric powertrain has fewer moving parts than an internal combustion engine, generally leading to less wear and tear and lower maintenance costs over time.
Long-term weaknesses could potentially include typical EV concerns like gradual battery degradation, which might slightly reduce range over many years and charge cycles, though this is often minimal within the warranty period. Some interior materials, particularly in high-traffic areas, could show signs of wear over prolonged use. As with any new technology, software glitches may require updates. However, the IONIQ 5's sturdy build and advanced engineering suggest it will be a durable vehicle for many years and miles, outlasting many conventional cars.
Long-term weaknesses could potentially include typical EV concerns like gradual battery degradation, which might slightly reduce range over many years and charge cycles, though this is often minimal within the warranty period. Some interior materials, particularly in high-traffic areas, could show signs of wear over prolonged use. As with any new technology, software glitches may require updates. However, the IONIQ 5's sturdy build and advanced engineering suggest it will be a durable vehicle for many years and miles, outlasting many conventional cars.
What Technology & Safety Features are Included?
The 2024 Hyundai IONIQ 5 is packed with cutting-edge technology, offering a modern and safe driving experience.
Built-in Tech & Entertainment:
Standard across all trims is a dual 12.3-inch display setup, featuring a digital instrument cluster and a touchscreen infotainment system. This intuitive system includes wired Apple CarPlay and Android Auto, Bluelink connected services, and over-the-air (OTA) software update capabilities. The interface is generally responsive and user-friendly, though some find the menu structure a bit layered. Higher trims add features like a wireless charging pad, a premium Bose sound system, and a head-up display (HUD) with augmented reality functions on the Limited trim, which projects turn-by-turn directions directly onto the road ahead, a truly innovative feature.
Driver-Assistance Features:
Hyundai's SmartSense suite is comprehensive and largely standard. Key features include:
Safety Features & Crash-Test Ratings:
The IONIQ 5 comes with a full complement of airbags, electronic stability control, and traction control. Its robust E-GMP platform is designed for high safety.
The 2024 Hyundai IONIQ 5 has earned top safety ratings:
Built-in Tech & Entertainment:
Standard across all trims is a dual 12.3-inch display setup, featuring a digital instrument cluster and a touchscreen infotainment system. This intuitive system includes wired Apple CarPlay and Android Auto, Bluelink connected services, and over-the-air (OTA) software update capabilities. The interface is generally responsive and user-friendly, though some find the menu structure a bit layered. Higher trims add features like a wireless charging pad, a premium Bose sound system, and a head-up display (HUD) with augmented reality functions on the Limited trim, which projects turn-by-turn directions directly onto the road ahead, a truly innovative feature.
Driver-Assistance Features:
Hyundai's SmartSense suite is comprehensive and largely standard. Key features include:
- Forward Collision-Avoidance Assist (FCA): With pedestrian, cyclist, and junction turning detection.
- Lane Keeping Assist (LKA) & Lane Following Assist (LFA): Helps keep the vehicle centered in its lane.
- Adaptive Cruise Control (SCC): Maintains a set distance from the vehicle ahead.
- Blind-Spot Collision-Avoidance Assist (BCA): Alerts and can intervene to prevent collisions during lane changes.
- Rear Cross-Traffic Collision-Avoidance Assist (RCCA): Warns of approaching vehicles when backing out.
- Driver Attention Warning (DAW).
- Highway Driving Assist I & II (HDA I & II): HDA II, found on SEL and Limited trims, offers more advanced semi-autonomous driving on highways, including automatic lane changes.
- Remote Smart Parking Assist (RSPA): On the Limited trim, allows the car to park itself with the driver outside the vehicle.
- Surround View Monitor & Blind-Spot View Monitor: Also on Limited, providing excellent visibility.
Safety Features & Crash-Test Ratings:
The IONIQ 5 comes with a full complement of airbags, electronic stability control, and traction control. Its robust E-GMP platform is designed for high safety.
The 2024 Hyundai IONIQ 5 has earned top safety ratings:
- NHTSA (National Highway Traffic Safety Administration): 5-star overall safety rating.
- IIHS (Insurance Institute for Highway Safety): Top Safety Pick+ award (for 2022-2023 models, which generally carries over to 2024 unless structural changes are made), with "Good" ratings in all crashworthiness tests and "Superior" ratings for its front crash prevention systems.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
2024 Hyundai IONIQ 5 Prices and Market Value
When new, the 2024 Hyundai IONIQ 5 starts around $41,800 for the base SE Standard Range RWD, climbing to approximately $57,000 for the top-tier Limited AWD before destination fees and any federal/state incentives. Current used market prices for 2022-2023 models vary significantly based on trim, mileage, and condition, but generally range from high $20,000s to mid-$40,000s. The IONIQ 5 has experienced a relatively strong resale value compared to some gasoline vehicles, especially early models, due to high demand for EVs and limited initial supply. However, like most EVs, it's subject to federal tax credit changes, which can impact depreciation on new models.
Factors affecting resale value include the condition of the battery (monitored by range), trim level, mileage, and the presence of desirable options like AWD or the Vision Roof. Hyundai's strong warranty and consistent software updates also help maintain its value. As more EVs enter the market, competition may normalize depreciation further, but the IONIQ 5's unique design and rapid charging capability should ensure it retains a solid portion of its initial value.
Factors affecting resale value include the condition of the battery (monitored by range), trim level, mileage, and the presence of desirable options like AWD or the Vision Roof. Hyundai's strong warranty and consistent software updates also help maintain its value. As more EVs enter the market, competition may normalize depreciation further, but the IONIQ 5's unique design and rapid charging capability should ensure it retains a solid portion of its initial value.
2024 Hyundai IONIQ 5 Cost of Ownership
The 2024 Hyundai IONIQ 5 generally offers economical long-term ownership. Insurance costs can be slightly higher than comparable gasoline SUVs due to its advanced technology and higher repair costs for specialized EV components, but this varies by provider and driver profile. Fuel costs are significantly lower than gasoline vehicles, especially when charging at home on off-peak rates. Public DC fast charging is more expensive but still typically cheaper per mile than gasoline. Maintenance is minimal, primarily tire rotations, cabin air filters, and brake inspections, as EVs have fewer moving parts. Repair costs outside of warranty could be high for major EV components like the battery or motors, but Hyundai's excellent warranty mitigates this risk. Overall, reduced fuel and maintenance expenses make the IONIQ 5 an economical choice, despite potentially higher initial insurance.
2024 Hyundai IONIQ 5 Fuel Efficiency
Fuel Type
Electric
Fuel Capacity
-
City Mileage
110 miles/gallon
Highway Mileage
88 miles/gallon
2024 Hyundai IONIQ 5 Safety Rating
NHTSA
2024 Hyundai IONIQ 5 Insurance
Insurance for a 2024 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 2024 Hyundai IONIQ 5 Compare to Other Minivan?
The 2024 Hyundai IONIQ 5 competes fiercely in the burgeoning compact electric SUV segment, often stacked against the Kia EV6, Ford Mustang Mach-E, Tesla Model Y, and Volkswagen ID.4.
Performance: The IONIQ 5's dual-motor AWD variants offer strong acceleration (0-60 mph in under 5 seconds), comparable to the AWD Mustang Mach-E and quicker than the ID.4. The Tesla Model Y Performance, however, remains the acceleration king. The IONIQ 5's handling is composed and comfortable, but perhaps not as sporty as the Mach-E or Model Y. Its standout performance feature is its 800V architecture, enabling industry-leading charging speeds that often surpass rivals, allowing 10-80% charge in about 18 minutes on a compatible DC fast charger.
Features: The IONIQ 5 shines with its unique retro-futuristic design, spacious lounge-like interior, and Vehicle-to-Load (V2L) functionality. Its dual 12.3-inch screens and advanced driver-assistance systems (like Highway Driving Assist II) are highly competitive. The Kia EV6 shares its platform and many features, but has a sportier aesthetic. The Mustang Mach-E offers a large, vertically oriented screen, while the Model Y relies heavily on its central screen. The ID.4 is more traditional in its interior and tech approach. The IONIQ 5's augmented reality HUD on the Limited trim is a premium offering.
Reliability: All these EVs are relatively new, so long-term data is still accumulating. The IONIQ 5, sharing its platform with the EV6, benefits from Hyundai's strong warranty. Early 12V battery drain issues and ICCU recalls were addressed. Tesla's build quality has historically been inconsistent, though improving. Ford and VW generally have solid reputations. The Hyundai/Kia 10-year/100,000-mile powertrain warranty is a significant advantage.
Price: The IONIQ 5's pricing is competitive, ranging from around $41,800 to $57,000. This places it well against the Mach-E (starting slightly higher) and the Model Y (often higher, especially for comparable range/performance). The VW ID.4 often has a slightly lower starting price. Availability of federal and state tax credits heavily influences the effective price.
Alternatives:
Performance: The IONIQ 5's dual-motor AWD variants offer strong acceleration (0-60 mph in under 5 seconds), comparable to the AWD Mustang Mach-E and quicker than the ID.4. The Tesla Model Y Performance, however, remains the acceleration king. The IONIQ 5's handling is composed and comfortable, but perhaps not as sporty as the Mach-E or Model Y. Its standout performance feature is its 800V architecture, enabling industry-leading charging speeds that often surpass rivals, allowing 10-80% charge in about 18 minutes on a compatible DC fast charger.
Features: The IONIQ 5 shines with its unique retro-futuristic design, spacious lounge-like interior, and Vehicle-to-Load (V2L) functionality. Its dual 12.3-inch screens and advanced driver-assistance systems (like Highway Driving Assist II) are highly competitive. The Kia EV6 shares its platform and many features, but has a sportier aesthetic. The Mustang Mach-E offers a large, vertically oriented screen, while the Model Y relies heavily on its central screen. The ID.4 is more traditional in its interior and tech approach. The IONIQ 5's augmented reality HUD on the Limited trim is a premium offering.
Reliability: All these EVs are relatively new, so long-term data is still accumulating. The IONIQ 5, sharing its platform with the EV6, benefits from Hyundai's strong warranty. Early 12V battery drain issues and ICCU recalls were addressed. Tesla's build quality has historically been inconsistent, though improving. Ford and VW generally have solid reputations. The Hyundai/Kia 10-year/100,000-mile powertrain warranty is a significant advantage.
Price: The IONIQ 5's pricing is competitive, ranging from around $41,800 to $57,000. This places it well against the Mach-E (starting slightly higher) and the Model Y (often higher, especially for comparable range/performance). The VW ID.4 often has a slightly lower starting price. Availability of federal and state tax credits heavily influences the effective price.
Alternatives:
- Similar: The Kia EV6 is almost identical mechanically but offers a different design aesthetic and slightly sportier driving dynamics. The Volkswagen ID.4 is a strong competitor for those prioritizing comfort and a more conventional SUV feel, often at a slightly lower entry price.
- Better (for specific needs): For raw performance and charging network access, the Tesla Model Y is still a benchmark, though often at a higher price and with a polarizing minimalist interior. For a more engaging, "driver's car" feel, the Ford Mustang Mach-E could be considered.
Final Verdict: Is the 2024 Hyundai IONIQ 5 a Good Minivan?
The 2024 Hyundai IONIQ 5 is an excellent electric vehicle, ideal for buyers seeking a distinctive, stylish, and practical EV. It's perfect for those who appreciate its retro-futuristic design, prioritize ultra-fast charging capability, and desire a spacious, tech-rich interior. Families will appreciate its roomy cabin and strong safety ratings, while tech enthusiasts will love the dual screens and advanced driver-assistance features.
It is definitely worth buying, especially new, to take advantage of available federal and state tax credits, which can significantly reduce its effective price. Opting for the Long Range RWD offers the best balance of range and value. The SEL trim provides a great mix of features without the top-tier price of the Limited. A used IONIQ 5 (2022-2023) can also be a smart buy if you find a well-maintained model with its software updates applied, offering a great value proposition as initial depreciation has occurred. This vehicle is a strong contender for anyone transitioning to electric or upgrading their current EV.
It is definitely worth buying, especially new, to take advantage of available federal and state tax credits, which can significantly reduce its effective price. Opting for the Long Range RWD offers the best balance of range and value. The SEL trim provides a great mix of features without the top-tier price of the Limited. A used IONIQ 5 (2022-2023) can also be a smart buy if you find a well-maintained model with its software updates applied, offering a great value proposition as initial depreciation has occurred. This vehicle is a strong contender for anyone transitioning to electric or upgrading their current EV.
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