2023 Hyundai Ioniq 5: Everything we know in October 2022

  • MY2023 update brings a price hike of USD 1200 or 1500 depending on the trim
  • Range of AWD configurations increased by 10 miles
  • Safety improved with the introduction of a seatbelt reminder for passengers
  • Color palette and equipment changes complete the changes

Update: ‘Price & Release Date’ updated with new prices.

The 2023 Hyundai Ioniq 5 will soon replace the current model that began reaching U.S. dealers in December 2021. A number of revisions have been made to the 2023 Ioniq 5, and Hyundai Motor America has disclosed details about the changes.

Here’s everything we know about the 2023 Hyundai Ioniq 5:

Hyundai Ioniq 5 Design & Interior

The basic design of the Hyundai Ioniq 5 is carried over to the 2023 model year car.

The Ioniq 5’s funky yet hi-tech design is a sign that the future is here. The neo-retro EV takes cues from the Hyundai Pony classic car and is designed around the new “timeless” design philosophy. Clamshell hood, Parametric Pixel lights, the diamond-shaped greenhouse, clean and sharp lines, and super-sized wheels are some of the exterior design highlights.

The low-profile, minimalist, and futuristic design continues inside. The Hyundai Ioniq 5 interior incorporates the ‘Living Space’ theme. The dashboard and center console occupy less space than similar ICE-powered traditional crossovers. Many elements are made from eco-friendly, sustainably sourced materials, such as plant-based (bio PET) yarns and natural wool yarns, recycled PET bottles, bio paint with plant extracts, and eco-processed leather with plant-based extracts. The large windows and panoramic sunroof, along with the available light-tone upholstery, ensure that the driver and passengers get a lot of natural light and feel fresh.

The U.S.-spec version has a marker inside the headlamps, an immediate differentiator from the global model. Another difference is the tail lamps which blink completely as turn indicators. The European-spec Hyundai Ioniq 5 has a separate turn indicator in the cluster.

Hyundai Ioniq 5 features

The Hyundai Ioniq 5 features pixel-inspired futuristic LED headlights and rear lights, 20-inch alloy wheels – the largest wheels ever fitted to a Hyundai EV, and auto-flush door handles.

Inside, the Hyundai Ioniq 5 has features like a dual-cockpit comprising a 12.3-inch virtual instrument cluster and a 12.3-inch touchscreen infotainment system, an Augmented Reality Head-Up Display (AR HUD), and a Universal Island moveable console (140-mm/5.5-inch rear-sliding floor console). The infotainment system of the Ioniq 5 integrates a new design theme not seen on any Hyundai model so far.

The Hyundai Ioniq 5 is the brand’s first EV to offer a Vehicle-to-Load (V2L) function that allows charging other EVs and using high-power electric equipment using the energy stored in the battery pack. Globally, up to 3.6 kW of power can be supplied using this function, enough to power home appliances and electronic devices during camping or power cuts, or charge another EV stuck at a remote place with an empty battery pack. In the U.S. market, however, the V2L function can supply up to 1.9 kW of power.

US-spec Hyundai Ioniq 5 bidirectional charging
In the U.S. market, the Hyundai Ioniq 5’s V2L function can supply up to 1.9 kW of power. Image Source: Hyundai

Like Tesla EVs, it is possible to ‘Plug and Charge’ the Hyundai Ioniq 5. When the charger is connected, the authentication and payment take place automatically, and the charging starts.

Trims

Hyundai launched the Hyundai Ioniq 5 in four trim levels in the U.S., namely SE Standard Range, SE, SEL, and Limited. With the MY2023 update, the SEL trim has lost the projector-type LED headlights and received the comparatively basic multi-reflector-type LED headlights. On the plus side, the SEL trim has gained the NFC-based Hyundai Digital Key feature.

Below are the key features:

2023 Hyundai Ioniq 5 SE Standard Range2023 Hyundai Ioniq 5 SE2023 Hyundai Ioniq 5 SEL2023 Hyundai Ioniq 5 Limited
19-inch Aero alloy wheels19-inch Aero alloy wheels19-inch Aero alloy wheels20-inch alloy wheels (AWD configurations)
MFR-type LED headlightsMFR-type LED headlightsMFR-type LED headlightsProjector-type LED headlights
12.3-inch digital instrument cluster12.3-inch digital instrument clusterHyundai Digital Key“Vision” panoramic sunroof
12.3-inch touchscreen infotainment system12.3-inch touchscreen infotainment systemHands-free smart liftgate with auto openPremium Remote Smart Parking Assist (RSPA)
Bluelink Connected Car SystemBluelink Connected Car SystemHighway Driving Assist (HDA-2) Level 2Surround View Monitor (SVM)
Heated front seatsHeated front seatsAmbient interior lightingBlind-Spot View Monitor (BVM)
Ultra-fast chargingUltra-fast chargingLeatherette seating surfacesTwo-way onboard charger
2023 Hyundai Ioniq 5 trims & features for the U.S. market.

Hyundai Ioniq 5 colors

Hyundai announced the Ioniq 5 in the U.S. in six exterior colors on December 7, 2021: Phantom Black (Pearl), Cyber Gray (Metallic), Atlas White (Solid), Digital Teal (Green Pearl), Lucid Blue (Pearl), and Shooting Star (Gray Matte). With the MY2023 update, Gravity Gold Matte, which was available in other markets, will become available in the U.S.

At the time of the announcement, there were three interior color options in the U.S.-spec Ioniq 5: Obsidian Black Monotone, Dark Pebble Gray/Dove Gray, and Dark Teal/Dove Gray. Currently, there are just two options on the Hyundai website: Black and Gray 2-Tone. The company hasn’t mentioned any changes about this aspect for MY2023.

ExteriorInterior
Gravity Gold MatteBlack
Shooting Star (Gray Matte)Dark Gray 2-Tone
Digital Teal (Green Pearl)
Lucid Blue (Pearl)
Atlas White (Solid)
Cyber Gray (Metallic)
Phantom Black (Pearl)
2023 Hyundai Ioniq 5 colors for the American market (Source: Hyundai)

2023 Hyundai Ioniq 5 specifications

Dimensions

The 2023 Hyundai Ioniq 5 measures 182.5 inches in length, 74.4 inches in width, and 63.0 inches in height. It has an exceptionally long wheelbase of 118.1 inches, 3.9 inches longer than the Palisade.

27.2 cu. ft. of cargo space is available behind rear seats, and on folding the second-row seats, 59.3 cu. ft. of cargo space becomes available. There’s a front space or ‘frunk’ as well, and the U.S.-spec version offers 0.85 cu. ft. of storage space regardless of the drivetrain layout. In contrast, in the global version, the same measurement is 57 liters (2.0 cu. ft.) for the 2WD configurations and 24 liters (0.8 cu. ft.) for the AWD configurations.

Towing Capacity

The 2023 Hyundai Ioniq 5 has a major improvement in the towing department. It boasts a significantly better braked towing capacity of 2,300 lbs. The unbraked towing capacity has no change from the current model – 1,650 lbs.

The originally announced towing capacity of the Ioniq 5 was 2,000 pounds, but at launch, it changed to 1,650 lbs (with and without trailer brakes). Hyundai doesn’t recommend towing in the Standard Range RWD configuration.

Range & Performance

The 2023 Hyundai Ioniq 5 will be available in the same variants as the current model: Standard Range RWD, Long Range RWD, and Long Range AWD. The base variant has a 58 kWh battery pack and a rear motor generating 125 kW (168 hp) and 258 lb.-ft. It provides an EPA-est. range of 220 miles and an EPA-est. economy of 127 MPGe (city)/94 MPGe (highway)/110 MPGe (combined), just like in the current model.

The Long Range RWD uses a 77.4 kWh battery pack for a longer range. Moreover, it has a powerful rear motor that produces 168 kW (225 hp) and 258 lb.-ft. It returns an EPA-est. range of 303 miles and an EPA-est. economy of 132 MPGe (city)/98 MPGe (highway)/114 MPGe (combined), just like in the current model.

Long Range AWD gains range for MY2023

The Long Range AWD variant sports two motors, together delivering 320 hp and 446 lb.-ft. It uses the same 77.4 kWh battery pack as the Long Range RWD variant. It delivers an EPA-est. range of 256 miles and an EPA-est. energy efficiency of 110 MPGe (city)/87 MPGe (highway)/98 MPGe (combined) in the current model. The 2023 Ioniq 5 Long Range AWD delivers an improved EPA-est. range of 266 miles (+10 miles). Its EPA-est. economy makes for better reading – 113 MPGe (city)/90 MPGe (highway)/101 MPGe (combined).

AspectStandard Range RWDLong Range RWDLong Range AWD
Battery Capacity58 kWh77.4 kWh77.4 kWh
Drivetrain LayoutRWDRWDAWD
Motor(s)One: RearOne: RearFront & rear
Power168 horsepower225 horsepower320 horsepower
Torque258 Lb.-Ft.258 Lb.-Ft.446 Lb.-Ft.
Top Speed115 mph115 mph115 mph
Towing CapacityNot Recommended1,650 lbs1,650 lbs
Range (EPA-est.)220 miles303 miles266 miles
Economy (EPA-est.)127 MPGe (city)/94 MPGe (highway)/110 MPGe (combined)132 MPGe (city)/98 MPGe (highway)/114 MPGe (combined)113 MPGe (city)/90 MPGe (highway)/101 MPGe (combined)
2023 Hyundai Ioniq 5 specifications (Source: Hyundai)

Standard heat pump

In the current Ioniq 5, the battery heating system (heat pump) is exclusive to the top-end Long Range AWD configuration. In the 2023 Ioniq 5, the Standard Range RWD and Long Range RWD configurations also come with this energy-saving feature.

SK Innovation is the supplier of batteries for the Hyundai Ioniq 5. The company says that the Ioniq 5 uses the NCM8-type Lithium-ion batteries, which have approximately 80% Nickel content. 80% is the highest level of Nickel content in the Lithium Nickel Manganese Cobalt Oxide batteries the auto industry is using for mass production. In addition, SK Innovation has developed NCM9-type Lithium-ion batteries and supplies them to Ford for the F-150 Lightning.

Hyundai Ioniq 5 SK Innovation InterBattery 2021 event
SK Innovation is the supplier of the Hyundai Ioniq 5’s batteries. Image Source: SK Innovation

Charging

The 2023 Hyundai Ioniq 5 is slower at AC Level 2 charging (10-100% SoC). While the current model takes 6 hours 43 minutes, the 2023 model consumes 7 hours 10 minutes. DC Level 3 charging (10-80% SoC) is just as quick as in the current model, though: 25 minutes (with a 150 kW charger)/18 minutes (with a >250 kW charger). It features a new battery preconditioning function in all the configurations. This function optimizes the battery pack’s temperature in advance when the driver sets a fast-charger as the destination in the onboard navigation.

When the Ioniq 5 debuted in 2021, it was Hyundai Motor Group’s first E-GMP platform model, and supported both 400-volt and 800-volt charging infrastructures. No additional components are required to use either of the charging infrastructures. The higher-voltage charging capability is standard, and with a 350 kW charger, it takes just 18 minutes to charge the Hyundai Ioniq 5 from 10% to 80%. Drivers can achieve a 68 miles range with only five minutes of charging.

Charging MethodCharging Time (Standard Range RWD)Charging Time (Long Range RWD)Charging Time (Long Range AWD)
AC Level II, Standard 240V
(from 10-100% SoC)
5 hours 50 minutes7 hours 10 minutes7 hours 10 minutes
Rapid Charging: 150kW (400V)
(from 10-80% SoC)
To Be Disclosed25 minutes25 minutes
Rapid Charging: >250kW (800V)
(from 10-80% SoC)
18 minutes18 minutes18 minutes
2023 Hyundai Ioniq 5 Charging Times (Source: Hyundai)

The peak power of the onboard charger of the U.S.-spec Ioniq 5 is 10.9 kW. Hyundai hasn’t specified the maximum DC charging input, but like in the Euro-spec model, which is available with 58 kWh and 72.6 kWh battery pack options, it could be up to at least 220 kW.

Fast-charging or rapid-charging rates don’t usually last for long. The charging power often tapers quickly after reaching its peak, mostly to prevent the battery pack from overheating. That isn’t the case in the Hyundai Ioniq 5, though. Ryan Miller, Manager – Electrified Powertrain Development, Hyundai America Technical Center, INC., has told Automotive News that the E-GMP platform has a newly developed cooling system called “in-cell cooling.” The edge of the cells has direct contact with a cooling plate, which uses liquid cooling.

2023 Hyundai Ioniq 5 charging
Charging the Hyundai Ioniq 5 from 10-80% SoC using a 350 kW DC fast-charger takes 18 minutes. Image Source: Hyundai

As per the Automotive News report, high-power charging in the Ioniq 5 generates almost twice as much heat as in the Kona Electric. Yet, thanks to better thermal management, it can charge at more than two times the rate. It’s possible to consistently charge the Ioniq 5’s battery pack at more than 200 kW from 10% SoC until about 55% SoC. Moreover, the drop in the charging power afterward happens gradually.

Electrify America charging network

For the Hyundai Ioniq 5’s charging network in the U.S., Hyundai has partnered with Electrify America. Customers can enjoy free 30-minute charging sessions from the date of purchase at Electrify America charging stations for two years. Electrify America’s charging stations allow charging at speeds of up to 150 kW and 350 kW. Its charging network was scheduled to expand to 800 charging stations with approximately 3,500 chargers open or under development by the end of 2021.

‘Hyundai Home’ for the Ioniq 5

Hyundai Home Ioniq 5 charging
With Hyundai Home, American customers will be able to charge their Ioniq 5 using eco-friendly energy even at home. Image Source: Hyundai Motor Group

EVs don’t benefit the environment if their energy doesn’t come from clean sources. So, Hyundai will help its U.S. customers to set up a clean energy solution right in their homes. Called ‘Hyundai Home,’ this solution enables customers to charge their EVs using solar energy.

Hyundai says it will use top-rated home chargers, solar panels, and energy storage systems for its new home-charging solution. Dedicated concierge representatives will help the customers create their Hyundai Home as per their individual energy needs. The company says that this solution, which it plans to introduce in select markets this year, will work with any EV or PHEV.

Production & Sales

Hyundai manufactures the Ioniq 5 at the Plant No. 1 of the Ulsan plant in South Korea. The company has announced local manufacturing of EVs in the U.S. but has not said if the Ioniq 5 is part of the local plans.

In the first half of 2022, Hyundai sold 13,692 units of the Ioniq 5 in the U.S., making it the third best-selling electric SUV in the country, following the Tesla Model Y and the Ford Mustang Mach-E. In July 2022, the company delivered 1,978 units; in August 2022, sales dropped to 1,516 units, and YTD deliveries stood at 17,186 units.

Price & Release Date

The 2023 Hyundai Ioniq 5 in the U.S. ranges between USD 41,450 and USD 56,500. Compared to the 2022 model, it is USD 1,200 more expensive in the SEL trim and USD 1,500 costlier in the SE Standard Range, SE, and Limited trims. The destination charge stays at USD 1,295. The 2023 Ioniq 5 could begin arriving at dealers in the final weeks of the year.

Ioniq 5 TrimPowerDrivetrainRangePrice
SE Standard Range168 hpRWD220 milesUSD 41,450
SE225 hpRWD303 milesUSD 45,500
SE320 hpAWD256 milesUSD 49,000
SEL225 hpRWD303 milesUSD 47,450
SEL320 hpAWD256 milesUSD 50,950
Limited225 hpRWD303 milesUSD 52,600
Limited320 hpAWD256 milesUSD 56,500
2023 Hyundai Ioniq 5 prices in the U.S. (excluding a USD 1,295 destination charge)

The Hyundai USA website currently states “extremely limited availability” on the top of the Ioniq 5 page.

Ioniq 5 subscription is coming to the U.S.

A subscription ownership model has been planned for the U.S. targeting aspiring EV prospects who demand more convenient ownership, cannot afford an outright purchase and aren’t risk-takers. At the U.S. debut of the Ioniq 5, Hyundai confirmed that it is considering a subscription model for the future:

We are also looking at alternative ownership models to attract and engage first-time EV customers. Our research tells us many people are interested in trying EVs but want to do so in a convenient, low-risk way. We call them EV mobility pioneers. They are young city dwellers who are already comfortable using subscriptions to buy goods and services. We will offer a simple automobile subscription service for those Ioniq intenders that would feature a single all-inclusive monthly payment covering the vehicle insurance and maintenance.

Jose Munoz, President & CEO, Hyundai Motor North America (Hyundai Ioniq 5 U.S. debut in 2021)

The future subscription service will provide customers with a convenient and low-risk way of owning/experiencing a Hyundai Ioniq 5. Customers will need to make only one monthly payment that includes all the costs and covers the vehicle, insurance, and maintenance. A report from Automotive News says that the subscription period will range from one month to three months. The try-and-buy concept should be particularly effective in drawing the interest of the fence-sitters in switching from an ICE vehicle to an EV.

With the tenure options restricted to just a few months, the subscription plans aren’t aimed at creating a permanent alternative ownership model for the Ioniq 5. The intention here is to generate customer interest by offering a trial period. Hyundai should offer more details on the subscription plans in 2023.

Hyundai Ioniq 5 Safety

The 2023 Hyundai Ioniq 5 is a little safer than the current model on paper. In addition to a seatbelt reminder for the driver, it has a seatbelt reminder for all four passengers.

The U.S.-spec Ioniq 5 gets a wide range of active safety features as standard. Blind-Spot Collision-Avoidance Assist (BCA), Forward Collision-Avoidance Assist (FCA) with Car/Ped/Cyclist Detection and Junction Turning, Rear Cross-Traffic Collision-Avoidance Assist (RCTA), Lane Keeping Assist (LKA), Lane Following Assist (LFA), Intelligent Speed Limit Assist (ISLA), Highway Driving Assist I (HDA I), and Rear Occupant Alert (ROA) are some of these main features.

Surround View Monitor, Blind-spot View Monitor (BVM), front parking sensors, Highway Driving Assist II (HDA II), and Forward Collision-Avoidance Assist (FCA) with Car/Ped/Cyclist Detection and Junction Turning/Crossing are the optional active safety features.

TopElectricSUV says

The Ioniq 5 is turning heads and grabbing the attention of American car buyers. But don’t expect it to rocket to the top of the sales ranking just yet. Even if supply from S.Korea normalizes, tax credits have disappeared, which makes the Ioniq 5 less affordable. By the summer of 2023, new competitors would have arrived in the form of the locally-made VW ID.4 and Chevy Blazer EV. Plus, it is not available across the U.S., and even where customers can buy it, the availability is “extremely limited.” The MY2023 update improved what was already a solid product, but we think local manufacturing is essential to the Ioniq 5’s survival.

2023 Hyundai Ioniq 5 FAQs

What is the 2023 Hyundai Ioniq 5 U.S. release date?

The 2023 Hyundai Ioniq 5 will likely go on sale in the U.S. in the final weeks of the year.

What is the 2023 Hyundai Ioniq 5 price?

The base Ioniq 5 costs USD 41,450 (excl. USD 1,295 destination charge) in the United States.

Which are the Hyundai Ioniq 5 alternatives/competitors?

Featured Image Source: Hyundai Newsroom