Ioniq 5 AWD Costs The Same As Model 3 RWD, Which One Is Better?

Both EVs cost roughly $50,000 each, so this comparison makes sense; it also shows how aggressively priced the Ioniq 5 is.

I81Uelgw7b8

Dan Mihalascu

By: Dan Mihalascu

Jan 17, 2022 at 12:03pm ET

Add InsideEVs as a preferred source in Google

Comment

The Hyundai Ioniq 5 has seen largely positive reviews worldwide since its launch and, as with most new EVs from legacy automakers, has been called a “Tesla killer” on more than one occasion.

The question is which Tesla model the Ioniq 5 targets, and the answer is not that simple. Judging by the fact that it’s a compact crossover, the Model Y would be its nemesis. However, with Tesla’s ever rising prices, the Ioniq 5 is now more comparable with the Tesla Model 3.

As this comparison review from Canada’s Everyday Reviews points out, the range-topping Ioniq 5 Top Trim AWD (Limited AWD in the US) costs 59,995 Canadian dollars (about $47,900) before incentives, while the entry-level Tesla Model 3 RWD starts at an almost identical 59,990 Canadian dollars ($47,900).

Now, in the US, the two EVs are priced a bit differently, with the Ioniq 5 Limited AWD starting at $50,600 compared to the Tesla Model 3 RWD’s $46,490 base MSRP. Still, the premise remains the same as a Model Y Long Range is much more expensive at $60,990.

2022 Hyundai Ioniq 5 exterior

2022 Hyundai Ioniq 5 interior detail 2022 Hyundai Ioniq 5 exterior

If anything, this goes to show how competitively priced the Ioniq 5 is if its top trim costs the same as the base Tesla Model 3.

The video does a great job of highlighting the differences between the brand-new EV from Hyundai and the Model 3, one of the most popular electric vehicles in the world.

The styling of the Ioniq 5 inevitably comes up, and both the presenter and Model 3 owner agree that Hyundai has hit the nail on the head in this department. Interestingly, the situation is reversed inside, with the Tesla looking more futuristic thanks to its minimalist dash whereas the Hyundai appears more traditional.

What do you think?

View

Comments

The guys take turns driving both cars while talking to each other, so this video offers an interesting perspective for those who are in the market for a $50,000 EV. Probably the most exciting part of the video is when the Tesla owner gets into the Hyundai. He finds the Ioniq 5 to be amazing and says it ticks all the boxes for a perfect family car.

At the end of the day, the Hyundai offers more power, more room, all-wheel drive, faster charging, and more distinctive looks. For roughly the same price as a Model 3, the Ioniq 5 is really a no-brainer. Do you agree?

Watch more reviews of the Hyundai Ioniq 5

2022 Hyundai Ioniq 5 First Drive: Insanely Good

This Hyundai Ioniq 5 Video Roundup May Answer All Your Questions

Source: Everyday Reviews (YouTube)

We want your opinion!

What would you like to see on Insideevs.com?

Take our 3 minute survey.

- The InsideEVs team

Share this Story

GO TO COMMENTS

(

)

Got a tip for us? Email: tips@insideevs.com

View all comments ( )

Trending

Kia EV3 Lease Deals Are Here, And It’s Cheaper Than The Chevy Bolt And Nissan Leaf

I Let Android Auto Plan My EV Roadtrip. Here’s How It Worked

This Chevy Bolt Has 470,000 Miles. Here’s How Much A New Battery Was

Here's What It's Like To Take Delivery Of A Rivian R2