Hyundai’s entering the all-electric compact SUV scene with a bang with the IONIQ 5. The high-tech, retro-styled vehicle is priced attractively while featuring a usable amount of range and performance. Hyundai timed the release of the IONIQ 5 perfectly, as the EV arrives just when consumers are starting to make the switch.
The all-new IONIQ 5 faces strong competition from the Tesla Model Y, which practically created the class. Since its debut, the Model Y hasn’t changed much, but that’s isn’t a bad thing. The vehicle still has a large amount of range, impressive performance, and high-tech features that others can’t match.
If you’re looking into these two vehicles, which one should you buy? That’s what we’ll answer in the EV comparison below.
What the Tesla Model Y Gets Right
The Model Y continues to lead the way forward as one of the longest-range compact SUVs in the segment. In the Long Range trim, the Model Y offers up to 330 miles of range. When properly configured, the IONIQ 5 offers up to 303 miles of range. That’s 27 miles less than the Model Y, which isn’t too far off, but in the real world where 27 miles could be the difference between getting home and being stranded, it means a lot.
While the IONIQ 5 comes with an impressive list of tech features, it can’t match what Tesla offers with the Model Y. The Model Y comes standard with a 15-inch touchscreen, a Wi-Fi hot spot, Bluetooth, four USB ports, a wireless charging pad, 14 audio speakers, and the automaker’s Autopilot suite of advanced safety features. A Full Self-Driving Capability package is available on the Model Y that brings nifty features like Summon, Navigate on Autopilot, and Traffic Light and Stop Sign Control, which are features no other automaker has. Plus, there’s Sentry Mode to keep an eye on the car when it’s parked and Dog Mode to keep your dog cool.
Tesla doesn’t provide horsepower figures for its vehicles, but the Model Y Performance is a high-performance EV. The trim can get to 60 mph from a standstill in 3.5 seconds. The quickest IONIQ 5 will accelerate to 60 mph in 5.1 seconds. If performance is what you’re after, the Model Y Performance has it in spades.
Read Our Overview of the Tesla Model Y
What the Hyundai IONIQ 5 Gets Right
Hyundai will be coming out with a new entry-level IONIQ 5 shortly, but the brand’s EV is still far more affordable than the Model Y. Pricing for the IONIQ 5 starts at $44,805 (with destination), while the Model Y carries a starting price of $61,190. The IONIQ 5 becomes an even better value option when you include the available $7,500 federal tax credit. Teslas aren’t eligible for any portion of the federal tax credit anymore.
Thanks to the IONIQ 5’s 800-volt architecture, the vehicle has incredibly quick charge times. When plugged into a 350-kW DC fast charger, the IONIQ 5 can go from 10 percent to 80% of range in just 18 minutes. The vehicle also offers vehicle-to-load (V2L) capability where the car can charge other electric vehicles and small appliances. The Model Y is capable of going from 20 to 80% in 20 minutes, making it nearly as quick as the IONIQ 5 when plugged into one of Tesla’s Superchargers. Tesla’s vehicles do not offer V2L capability.
On the inside, the IONIQ 5 features sustainably sourced materials with a minimalist design. The cabin is well built and while it has a few lackluster materials, everything feels sturdy and the cabin remains quiet at speed. The Model Y’s interior is even more straightforward, but the quality of materials is a miss and some panels don’t line up together. For a vehicle with a luxury price tag, the Model Y doesn’t feel like a luxury vehicle on the inside.
Read Our Overview of the Hyundai IONIQ 5
Want the Benchmark?
The Model Y may feel old compared to newer options in the class, but it’s still the benchmark. It’s the one to beat when it comes to range and it offers the most tech. Additionally, the Model Y has one of the more spacious cargo areas and has seating for up to seven. There aren’t a lot of EVs that can match it in those aspects.
Our Verdict
While the Tesla Model Y beats the Hyundai IONIQ 5 in a lot of key areas, the IONIQ 5 is far more affordable and is eligible for the full federal tax credit. It also has innovative charging capability and a funky design that feels fun. The Model Y is starting to feel stale, while the IONIQ 5 has arrived at the perfect time to feel like a breath of fresh air.
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