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2024 Hyundai IONIQ 5
#1 Best Electric SUVs of 2024

Used 2024 Hyundai IONIQ 5

4.7
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4.3
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2024 Hyundai IONIQ 5 Exterior: 0
2024 Hyundai IONIQ 5 Exterior: 1
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2024 Hyundai IONIQ 5 Interior: 0
Interior (9)
2024 Hyundai IONIQ 5 All Media: 1

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2026
2024
EV Range
220 - 303 miles
Charge Time (240V)
6.3 - 8.5 hours
MPGe
99 - 114 combined mpge
Top Speed
115 mph
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Calculate Your Annual Fuel Cost Savings

Electric ($0.16/kWh)
vs
Gas ($3.45/gal)
Edit
Fuel Savings
$814
/yr
Actual results will vary according to driving conditions, driving styles, vehicle maintenance. Cost estimates are based on 99MPGe vs 25.4 MPG, the estimated cost per gallon of gasoline of $3.45, and the estimated cost of electricity per kilowatt-hour of $0.16.

2024 Hyundai IONIQ 5 Review

Eric Brandt

Updated January 30, 2025

Eric Brandt is a lead editor, with more than a decade of experience in automotive journalism. He has written extensively about cars and motorcycles and has produced video and social media content that helps vehicle shoppers make informed decisions. In addition to Kelley Blue Book and Autotrader, his work has appeared in The Drive, Cars & Bids, The Motley Fool, and others. Eric specializes in family vehicles guiding readers and viewers toward car choices that suit their needs, wants, and budgets. Eric lives in Wisconsin with his wife and six children, and spends his free time riding his Gold Wing, autocrossing his Corvette, and camping with his family.

Pros

  • Long range and quick charging
  • High-tech interior
  • Outstanding warranty

Cons

  • Upper trims get expensive
  • Small front trunk

What's New?

  • More safety features
  • Standard Wi-Fi hotspot

As the world of electric vehicles grows, some EVs are still working out kinks. While some electrified cars require compromises on interior space, performance, or range, the 2024 Hyundai Ioniq 5 is one EV that does almost everything well. So well, in fact, that it’s earned our Electric Vehicle Best Buy Award. It’s an electric SUV with a spacious, high-tech interior and an impressive range of up to 303 miles. It also carries the outstanding, best-in-class Hyundai warranty. The main competitors to the Ioniq 5 are the Nissan Ariya, Toyota bZ4X, and the mechanically similar Kia EV6.

What's New for 2024

New standard features for 2024 include a Wi-Fi hotspot, more airbags, rear seatbelt pre-tensioners, and a haptic feedback steering wheel. Also, the Limited trim now has a digital rearview mirror. Looking ahead, has announced a high-performance Hyundai Ioniq 5 N is joining the lineup for the 2025 model year.

2024 Hyundai IONIQ 5 Pricing

2024 Hyundai IONIQ 5 pricing starts at $24,300 for the IONIQ 5 SE Standard Range Sport Utility 4D, which had a starting MSRP of $43,175 when new. The range-topping 2024 IONIQ 5 Disney100 Platinum Edition Sport Utility 4D starts at $33,800 today, originally priced from $60,775.

Original MSRP
KBB Fair Purchase Price (national avg.)
$43,175
$24,300
$47,225
$22,200
$52,275
$25,100
$54,875
$29,200
$60,775
$33,800

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2024 Hyundai IONIQ 5 models in typical condition when purchasing from a dealership. These prices are updated weekly.

Before buying an Ioniq 5, check the Kelley Blue Book Fair Purchase Price to know what you should really pay. Hyundai Ioniq 5 resale value is about average for the segment.

Driving the Hyundai IONIQ 5

The Hyundai Ioniq 5 delivers a smooth and comfortable driving experience. Responsive electric torque makes for quick acceleration no matter which configuration you go with. Naturally, the dual-motor setup makes more power and torque than the single-motor version, resulting in a more exciting drive. If you’re considering the Ioniq 5 for your first electric vehicle, you won’t find too steep of a learning curve in getting used to this EV. It’s a nice way to make the switch from gas to electric, thanks to its agreeable driving character.

High-Tech Interior

The interior design of the Hyundai Ioniq 5 speaks the same language as the exterior. It feels modern and a touch futuristic, but also has a nice minimalist feel to it. The materials are good quality for this price point, and the tech features are user-friendly. We found the Ioniq 5 to have plenty of passenger space in both rows of seats. The cargo space is about average for an SUV this size, and it has a little front trunk for small items.

Handsome Exterior

The Hyundai Ioniq 5 has an aesthetic that’s sleek yet subtle. The light signature makes it look futuristic, but it’s not as flashy as some other EVs. We appreciate the modern and restrained look; it’s for drivers who don’t want to be too showy about driving an electric car. In terms of size, the dimensions of the Ioniq 5 are close to those of compact electric SUVs like the Nissan Ariya and Toyota bZ4X.

Our Favorite Features and Tech

Up to 303 miles of range
The impressive range and efficiency of the Ioniq 5 make this a practical EV for a wide range of drivers.

DC fast charging
With DC fast charging at a public charging station, the Ioniq 5 can charge from 10% to 80% in as little as 18 minutes.

Remote Smart Parking Assist
The Limited trim gets all the really cool stuff, like this feature that allows drivers to inch their Ioniq 5 into or out of a parking space using remote control while standing outside of the vehicle!

12.3-inch touchscreen
The Ioniq 5 comes standard with a 12.3-inch touchscreen and a customizable 12.3-inch digital gauge cluster making for a high-tech interior. Android Auto and Apple CarPlay make it easy to connect your phone to the screen in your car.

Highway Driving Assist
This available semi-autonomous driving system uses features like adaptive cruise control, lane-keep assist, and blind-spot monitoring to take some of the stress out of highway driving.

Class-leading warranty
The Ioniq 5 is backed by a 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty, including the battery. That makes it tied with the Kia EV6 for the best warranty in its class.

Engine & Transmission

You can get the 2024 Hyundai Ioniq 5 with one motor or two. Single-motor models are rear-wheel drive (RWD) and are available with two different batteries. All dual-motor models have the big battery and all-wheel drive (AWD).

Single-motor RWD Standard Range
58-kWh battery
168 horsepower
258 lb-ft of torque
EPA city/highway fuel economy: 127/94 MPGe
EPA-estimated range: 220 miles (2023 estimate)

Single-motor RWD
77.4-kWh battery
225 horsepower
258 lb-ft of torque
EPA city/highway fuel economy: 132/98 MPGe
EPA-estimated range: 303 miles (2023 estimate)

Dual-motor AWD
77.4-kWh battery
320 horsepower (Estimated 600 hp in Ioniq 5 N)
446 lb-ft of torque
EPA city/highway fuel economy: 113/90 MPGe
EPA-estimated range: 266 miles (2023 estimate)

Hyundai SmartSense safety tech

The Ioniq 5 is well-equipped with Hyundai SmartSense safety features like automatic emergency braking, blind-spot monitoring, lane-keep assist, and the Highway Driving Assist system.

5-Year/60,000-Mile warranty

The Hyundai Ioniq 5 is tied with the Kia EV6 for the best warranty in its class. It’s covered by a 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty.


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New Hyundai IONIQ 5 Deals and Incentives

APR

2.99% APR | 60 months

Get 2.99% Financing for up to 60 months on a new 2026 IONIQ 5 XRT for well qualified buyers.

See more details

End Date: 02/02/2026
CASH

$3000 Total Cash

Get up to $3000 Total Savings on a new 2026 IONIQ 5 XRT.

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End Date: 02/02/2026
LEASE

$459 /mo | 24 months | Due at Signing

Closed end lease for a new 2026 IONIQ 5 AWD XRT for $459/mo for 24 months with $3999 due at lease signing for well-qualified lessees.

See more details

End Date: 02/02/2026
See All Current IONIQ 5 Deals

2024 Hyundai IONIQ 5
KBB.com Consumer Reviews

4.3
Consumer Rating
Based on 16 Consumer Reviews
Write a Review
88%Recommend this vehicle
3
0%
3
0%
2
0%
2
0%
Value
4.2
Performance
4.3
Quality
4.4
Comfort
4.5
Reliability
4.3
Styling
4.6

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2024 Hyundai IONIQ 5 Styles

Style
Price
EV Range
Charge Time
Combined MPGe
Top Speed
Horsepower
Cargo Capacity
Curb Weight
Towing Capacity
SE Sport Utility 4D
$22,200
220 - 303 miles
8.5 hours
220 - 303 MPGe
115 mph
225 hp
59.3 cu ft
4200 lbs
2300 lbs
SE Standard Range Sport Utility 4D
$24,300
220 - 303 miles
6.3 hours
220 - 303 MPGe
115 mph
168 hp
59.3 cu ft
3968 lbs
N/A
SEL Sport Utility 4D
$25,100
220 - 303 miles
8.5 hours
220 - 303 MPGe
115 mph
320 hp
59.3 cu ft
4546 lbs
2300 lbs
Limited Sport Utility 4D
$29,200
220 - 303 miles
8.5 hours
220 - 303 MPGe
115 mph
225 hp
59.3 cu ft
4414 lbs
2300 lbs
Disney100 Platinum Edition Sport Utility 4D
$33,800
220 - 303 miles
8.5 hours
220 - 303 MPGe
115 mph
320 hp
59.3 cu ft
4663 lbs
2300 lbs
See Full Specs for All 2024 Hyundai IONIQ 5 Styles
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2024 Hyundai IONIQ 5 Depreciation

A 2024 Hyundai IONIQ 5 has depreciated $26,425 or 55% in the last 2 years and has a current resale value of $20,800 and trade-in value of $18,350.

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2024 Hyundai IONIQ 5
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2024 Hyundai IONIQ 5 Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2024
-
$47,225
$47,225
2025
$16,787
$30,438
$26,176
Now
$9,638
$20,800
$18,350
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2024 Hyundai IONIQ 5 Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Car Financing
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Specifications

Dimensions, Weights & Capacities

Curb Weight
4200 lbs.
EPA Passenger
106.5 cu.ft.
EPA Total Interior
133.7 cu.ft.
Front Head Room
39.8 inches
Front Leg Room
41.7 inches
Max Seating Capacity
5
Minimum Ground Clearance
6.1 inches
Overall Length
182.5 inches
Front Shoulder Room
57.7 inches
Towing Capacity, Maximum
2300 lbs.
Trunk or Cargo Capacity
59.3 cu.ft.
Turning Diameter
39.3 feet
Wheel Base
118.1 inches
Gross Vehicle Weight Rating (GVWR)
5357 lbs.
Width with mirrors
74.4 inches

Exterior

Alloy Wheels
Available
Number of Doors
4 doors
Privacy Glass
Available
LED Headlights
Available
Rear Spoiler
Available

Fuel Economy

City
132 MPGe
Combined
114 MPGe
Highway
98 MPGe

Mechanical

Drivetrain
RWD
1 speed
Available
Hill Start Assist
Available

Performance

Horsepower
225 hp
Torque
258 foot pounds
Engine
Electric Motor
Estimated Electric Range
303 miles
Charge Time (240V)
8.5 hours
Battery Capacity
N/A
Top Speed
115 mph

Warranty

Basic
5 years / 60000 miles
Powertrain
10 years / 100000 miles
Corrosion
7 years / Unlimited miles

Entertainment

  • Satellite Radio
  • Bluetooth Streaming Audio

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • 12V Power Outlet
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Folding Rear Seat
  • Cloth Seats
  • Heated Seats
  • Power Driver's Seat

Security

  • Alarm System

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Internet Access
  • Proximity Sensing Keyless Entry
  • Push-Button Engine Start
  • Smartphone Interface
  • USB Port

2024 Hyundai IONIQ 5 Safety

Safety Features & Technology

Hyundai SmartSense

This advanced safety suite comes standard in every new Ioniq 5 electric SUV. It includes forward collision warning with automatic emergency braking and pedestrian/cyclist detection, blind-spot monitoring with rear cross-traffic alert, adaptive cruise control, lane-keeping assistance, and Safe Exit Assist. Junction turning assistance becomes standard at the SEL level.

Blind-Spot View Monitor

Capturing more than the regular blind-spot monitoring system can, this monitor shows a video feed of the vehicle’s sides in the digital driver information display when the turn signal is engaged. It’s only in the Limited model.

Surround View Monitor

Although rear parking sensors are standard in the base model and front sensors come with the SEL, the ability to see all around the 2024 Ioniq EV brings greater confidence when negotiating tight spaces. Yet another item in the Limited’s equipment inventory.

Not Available

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
Frontal Crash
4.0

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See Details
Price
$22,200
$25,400
$27,400
$27,300
KBB.com Rating
4.7
4.6
4.6
4.5
Consumer Rating
4.3
3.4
4.4
4.0
Fuel Economy
City 132/Hwy 98/Comb 114 MPGe
City 103/Hwy 88/Comb 96 MPGe
City 106/Hwy 98/Comb 102 MPGe
City 120/Hwy 98/Comb 109 MPGe
Fuel Type
ElectricLeafIcon
N/A
N/A
N/A
Estimated EV Range
303 miles
279 miles
250 miles
282 miles
Seating Capacity5555
Basic Warranty
5 years or 60000 miles
3 years or 36000 miles
3 years or 36000 miles
5 years or 60000 miles
0-60
N/A
N/A
N/A
5.1 seconds
Horsepower
225 HP
N/A
266 HP
320 HP
Engine
Electric Motor
Dual Electric Motors
Electric Motor
Dual AC Electric Motors
Drivetrain
RWD
AWD
RWD
AWD

2024 Hyundai IONIQ 5 Rankings

More Hyundai IONIQ 5 News & Information

Midsize SUV Crossover
Hyundai Cuts Ioniq 5 Price by More Than $9,000

Hyundai this week cut the price of its 2026 Ioniq 5 electric SUV by an average of more than $9,000.

Sean Tucker October 02, 2025
General
The 2025 Hyundai Ioniq 5: Who Is This Car For?

Learn about the 2025 Hyundai Ioniq 5 compact electric SUV and decide if this EV is right for you.

Matt Degen May 30, 2025
Compact SUV Crossover
A Look Inside the 2025 Hyundai Ioniq 5

The 2025 Hyundai Ioniq 5 is an electric SUV that offers plenty of style inside and out. Let’s take a look at what you’ll find inside.

Michael Strong May 21, 2025

FAQs

Is the 2024 Hyundai IONIQ 5 a good vehicle?

Yes, the 2024 Hyundai IONIQ 5 is a good car, as reflected by its above-average Kelley Blue Book rating of 4.7 out of 5.

How much should a 2024 Hyundai IONIQ 5 cost?

Used 2024 Hyundai IONIQ 5 prices currently range from $22,200 for the SE Sport Utility 4D to $33,800 for the Disney100 Platinum Edition Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Hyundai IONIQ 5?

The cheapest 2024 Hyundai IONIQ 5 is the SE Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $22,200.

Is the 2024 Hyundai IONIQ 5 reliable?

The 2024 Hyundai IONIQ 5 is part of the 1st-generation IONIQ 5, which our owners give an above-average reliability rating of 4.3 out of 5.

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