FAST FACTS
MotorDonkey's proprietary vehicle data identifies every significant version of each model so that you can compare and decide. Ordered by price from low to high, here are the versions of the 2024 Hyundai Ioniq 5 that you need to be aware of, along with our expert analysis and recommendations.
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Towing is not recommended with the standard-range Ioniq 5, and while you might not care about that, you should be aware that the base Ioniq 5 makes very little power for a two-ton vehicle. It also doesn't give you much more than 200 miles of range on a full charge. In our opinion, this configuration is one to avoid.
The rear-drive Ioniq 5 with the bigger battery is probably the sweet spot for most EV shoppers. The range far surpasses the base model's 220-mile max, and while 225 horsepower isn't that much for a vehicle that weighs well over 4,000 pounds, it's more than adequate for most purposes. The dual-motor Ioniq 5 variants are faster, of course, but if you want the one with the most range, you found it right here. Maximum towing capacity is the same either way at 2,300 pounds.
If acceleration really matters to you — and with a starting price approaching $50k, perhaps it should — then adding the second motor is a no-brainer. Not only do you get almost 100 more horsepower than the Long Range RWD can muster, but the torque output goes through the roof, increasing by nearly 200 pound-feet. Drawbacks? Aside from the $3,500 fee for that second motor, you get 43 fewer miles of range and your consumption rate goes up by about 15 percent. Whether those tradeoffs are worth it is a matter of personal preference more than anything; if it were us, we'd save our money and take the extra range.
What are the different versions of the 2024 Ioniq 5, and how much do they cost? Select a version below or just hit the button to see our full 2024 Ioniq 5 specs and model data.
| Version | Price | Fuel | Range | Power | Torque |
|---|---|---|---|---|---|
| 2024 Hyundai Ioniq 5 Standard Range (Rear-Wheel Drive) | $41,800 | Electric | 220 mi | 168 hp | 258 lb-ft |
| 2024 Hyundai Ioniq 5 Long Range (Rear-Wheel Drive) | $45,850 | Electric | 303 mi | 225 hp | 258 lb-ft |
| 2024 Hyundai Ioniq 5 Long Range Dual Motor (All-Wheel Drive) | $49,350 | Electric | 260 mi | 320 hp | 446 lb-ft |
Publisher and Donkey-in-Chief
Josh has been reviewing cars professionally since joining Edmunds.com fresh out of grad school in 2008. Prior to founding MotorDonkey, he spent 15 years shaping Edmunds' expert automotive content in various capacities, starting as an associate editor and ultimately serving as a senior editor before wrapping up with a five-year term as the company's first-ever director of content strategy. Josh is a card-carrying member of the Motor Press Guild and a lifelong car nut who has driven, compared and critiqued thousands of cars in his career. Helping people find their perfect car never gets old—seriously!
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