The 2022 Hyundai IONIQ 5 is one of the most anticipated new electric vehicles coming next year, and among its multiple competitors we have to look to the Tesla Model 3 which may be more expensive on the surface, but that actually matches pretty closely with the IONIQ 5.
Now that we know how much range the 2022 Hyundai IONIQ 5 will offer, we can better compare it to the Tesla Model 3. So, let’s get into it.
The official EPA numbers for the 2022 Hyundai IONIQ 5 were announced over the weekend.
The base IONIQ 5 rear-wheel drive model with the base 58-kWh battery will offer 354 kilometres of range, or 220 miles.
The IONIQ 5 will then be offered in two versions with a 77.4-kWh battery, the first with a dual-motor setup and all-wheel drive that will offer 412 kilometres of range (256 miles). The RWD Long Range IONIQ 5 will be the most efficient with 488 kilometres of range (303 miles).
This is the most range you can get out of the 2022 Hyundai IONIQ 5.
The Tesla Model 3 also comes in three versions, starting with the Standard Range Rear-Wheel Drive that offers 430 kilometres (267 miles).
Next are the Dual-Motor AWD options that offer a maximum of 538 kilometres (334 miles) while the ultra-quick Performance model offers 507 kilometres (315 miles).
|2022 Hyundai IONIQ 5||2022 Tesla Model 3|
|Base Model RWD||354 km (220 mi)||430 km (267 mi)|
|Long Range RWD||488 km (303 mi)||–|
|Long Range AWD||412 km (256 mi)||538 km (334 mi)|
|Performance||–||507 km (315 mi)|
The 2022 Hyundai IONIQ 5 offers less range across the board than the Tesla Model 3, with the only exception being the Long Range RWD model which surpasses the base RWD Model 3.
This is actually relevant because when comparing how much the 2022 Hyundai IONIQ 5 costs versus the Tesla Model 3, the range difference doesn’t appear so bad.
Pricing hasn’t been confirmed yet for the IONIQ 5 in the US, but in Canada we know that it will start at $44,999 while the Tesla Model 3 starts at $59,990. This is even more significant since the Model 3 lost its federal government iZEV incentive recently. Therefore, the IONIQ 5 gets an extra $5,000 rebate.
In simple terms, the Hyundai IONIQ 5 will cost around $15,000 less than a similar Tesla Model 3 in Canada.
The Tesla Model 3 has more range, but it costs more. It’s also a quicker vehicle, regardless of which model.
The base RWD Hyundai IONIQ 5 will offer 225 horsepower and 258 pound-feet of torque, sending it to 60 mph (97 km/h) in 7.4 seconds. The base Tesla Model 3 reaches 100 km/h in 5.8 seconds.
As for the 2022 Hyundai IONIQ 5 AWD Long Range, it will feature 320 horsepower and 446 pound-feet of torque which will get it to 60 mph (97 km/h) in 5.2 seconds. The Tesla Model 3 Dual Motor All-Wheel Drive does the same sprint in 4.2 seconds. And the Performance does it in 3.1 seconds.
It’s hard to find a quicker car in this price range.
We will be driving the 2022 Hyundai IONIQ 5 next week, so stay tuned for a driving comparison, but for now it’s clear that the IONIQ 5 delivers better value, but it is trailing the Model 3 in terms of range and performance. The question you need to ask yourself is how important an extra 100 kilometres of range is, and how quickly do you need to get to 60 mph.