In-depth reviews

Hyundai Ioniq 5 review - Range, charging and running costs

With a practical range and charging ability that leaves rivals standing, the Ioniq 5 should fit seamlessly into family life

The Ioniq 5 lineup starts with a 58kWh battery paired with a single 168bhp motor driving the rear wheels, which provides a range of up to 238 miles. If you’re after the most miles from a single charge, then the 214bhp version with the bigger 73kWh battery is the one to go for, as it’s capable of travelling up to 280 miles before needing the batteries replenished, while the top 301bhp version utilises a dual-motor set-up, allowing for around 267 miles between charges.

A real boon for Ioniq 5 owners is the car’s ability to support 800V charging, which means you can top-up from 10 to 80 percent in around 18 minutes. In comparison, a Ford Mustang Mach-E Standard Range car will take 38 minutes to complete the same task.

Business users will continue to be attracted to the tax benefits of running a zero-emission vehicle, with Benefit-in-Kind rates of just one per cent for 2021 and two per cent for the following year, while not forgetting that there is no road tax to pay and electricity costs are considerably less than relying on petrol or diesel to run your car.

Based on a home energy rate of 13p per kW, we calculated that charging the Ioniq 5 would cost you around £459 a year if you covered 12,000 miles over that period.

Insurance

Those looking to buy an all-electric car will recognise the benefits of lower day-to-day running costs and the green advantages of emissions-free motoring. What might be more of a surprise is that insurance costs for EVs can often be higher than combustion-engined models, mainly due to the increased cost of repair or the need to replace specific electric components (particularly the lithium-ion batteries) if you happen to be involved in a collision. 

The entry-level 168bhp Ioniq 5 in SE Connect trim is in group 35 for insurance, while moving up to the mid-range 214bhp Premium car sees a rise to group 41. The top-spec 301bhp Ultimate version sits in group 44 - which is the same rating as a 345bhp Porsche Cayman S!

Depreciation

Specific figures on future residual values for the Ioniq 5 aren’t yet available as the model is too new. However, by way of comparison, the 5’s Kona Electric sibling holds onto a healthy 52-55 per cent of its original list price over three years and 36,000-miles, while its Mustang Mach-E rival performs even better with a projected 55-57 per cent of its value retained over the same period.

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