2022 Hyundai Ioniq 5 Review

Read Savvy’s in-depth review of the Hyundai Ioniq electric car in Australia

Last updated on February 29th, 2024
  Written by 
Adrian Edlington
Adrian Edlington is PR & Communications Manager at Savvy. With a keen interest in personal finance, car loans, the mortgage industry, cost of living pressures, electric vehicles and renewable technology, Adrian's research includes conducting primary data surveys and analysis of up-to-the-minute secondary Australian data sources. His work on behalf of Savvy has been featured on ABC.net.au The Conversation, the Sydney Morning Herald, AFR, News.com.au, The Age, Herald Sun, Adelaide Now, SBS On The Money, 7News, Car Expert, Which Car, Drive.com.au and more. In his spare time, Adrian enjoys mountain biking and business podcasts.
Our authors
   Reviewed by 
Bill Tsouvalas

Reviewer

Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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What we like

What we don't like

Our verdict

While not the cheapest EV available, if you’re in the market for an electric vehicle and have the funds available, the 2022 Hyundai Ioniq 5 is a great entry point.

It’s easy on the eye and comes packed with a range of features which make it more than fit for its purpose as a medium SUV.

Blue Hyundai IONIQ 5 on a sunny day

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The Hyundai Ioniq 5 was, and remains, one of the most sought-after EVs in the Australian market. However, is the vehicle all it’s cracked up to be? Find out all you need to know about the Ioniq 5 and its several variants right here with Savvy, from its physical frame to performance and all the attractive features packaged inside this electric SUV.

Driveaway price

The Ioniq 5’s current price depends on the model you’re looking to buy: the Dynamiq RWD starts from $69,900, while you’ll likely have to fork out closer to $77,500 for the Techniq AWD (or $79,000 if you want to take advantage of its vision roof).

*Please note: prices above are indicative of driveaway costs. On-road costs such as stamp duty, registration and car insurance aren’t included.

Hyundai IONIQ 5 Light Blue Outdoors Front Angle View
Hyundai IONIQ 5 Light Blue Rear Side View
Hyundai IONIQ 5 Light Blue Outdoors Front View of Grill and Front End
Hyundai IONIQ 5 light blue paint job outdoors rear end view
Hyundai IONIQ 5 light blue close up of rectangular LED headlights
Hyundai IONIQ 5 light blue close up of rectangular red LED tail lights
Hyundai IONIQ 5 close up image of rear boot door, brand logo and IONIQ 5 model name
Hyundai IONIQ 5 inside cabin view of driver's side dashboard and steering wheel, looking out front window
Hyundai IONIQ 5 inside cabin view looking across passenger and driver's white leather seats from passenger door
Hyundai IONIQ 5 inside cabin view looking across rear passenger and driver's white leather seats from door
Hyundai IONIQ 5 inside cabin view of steering wheel and touch screen displays
Hyundai IONIQ 5 inside cabin close up view of EV Start Stop button
Hyundai IONIQ 5 close up of drive, neutral park gear selection stick
Hyundai IONIQ 5 close up of front dashboard heater and air conditioning unit
Hyundai IONIQ 5 close up of Bose speaker on an off-white interior background
Hyundai IONIQ 5 Light Blue Outdoors Front Angle View
Hyundai IONIQ 5 Light Blue Rear Side View
Hyundai IONIQ 5 Light Blue Outdoors Front View of Grill and Front End
Hyundai IONIQ 5 light blue paint job outdoors rear end view
Hyundai IONIQ 5 light blue close up of rectangular LED headlights
Hyundai IONIQ 5 light blue close up of rectangular red LED tail lights
Hyundai IONIQ 5 close up image of rear boot door, brand logo and IONIQ 5 model name
Hyundai IONIQ 5 inside cabin view of driver's side dashboard and steering wheel, looking out front window
Hyundai IONIQ 5 inside cabin view looking across passenger and driver's white leather seats from passenger door
Hyundai IONIQ 5 inside cabin view looking across rear passenger and driver's white leather seats from door
Hyundai IONIQ 5 inside cabin view of steering wheel and touch screen displays
Hyundai IONIQ 5 inside cabin close up view of EV Start Stop button
Hyundai IONIQ 5 close up of drive, neutral park gear selection stick
Hyundai IONIQ 5 close up of front dashboard heater and air conditioning unit
Hyundai IONIQ 5 close up of Bose speaker on an off-white interior background

Trim levels

Despite starting life with a single trim grade, the Ioniq 5 now comes with two different trim levels: the Dynamiq, which is a rear-wheel drive (RWD), and the Techniq, an all-wheel drive (AWD).

Dimensions

The dimensions of the 2022 Ioniq 5 are as follows:

Hyundai Ioniq 5 - Dimensions
RWDAWD
Length4635mm (15ft, 2in)4635mm (15ft, 2in)
Height1605mm (5ft, 3in)1605mm (5ft, 3in)
Width1890mm (6ft, 2in)1890 mm (6ft, 2in)
Weight2,020kg (4,453lbs)2,100 kg (4,630lbs)
Wheelbase3000mm (9ft, 10in)3000 mm (9ft, 10in)
Tyre size255/45 R20 1255/45 R20 1
Ground clearance (unladen)160mm (6in)160 mm (6in)

Motors

The RWD Ioniq 5 comes with a 160kW/350Nm, fully electric motor, which is attached to the rear axle. The AWD steps it up to two motors, with 70kW/255Nm in the front and 155kW/350Nm at the rear.

Accessories and features

This model comes with a range of attractive standard features and accessories. The console is equipped with two 12.3-inch screens: a digital instrument system including a blind spot monitor and a multimedia touchscreen with satellite navigation, Apple CarPlay and Android Auto.

Its 20-inch alloy wheels are also a major selling point, as is its Bose sound system consisting of eight speakers. Dual-zone climate control and adjustable ambient interior lighting are among its desirable qualities. Some of the other features to look for include:

  • Heated steering wheel
  • Keyless entry and push-start ignition
  • LED headlights and automatic high beams
  • Vision roof (Techniq AWD)
  • Smart power tailgate
  • Front and rear seat heating and front seat cooling

Warranty

Hyundai offers their Ioniq 5 models with a five-year, unlimited-kilometre warranty. The car’s battery also comes with a warranty stretching a further three years, meaning it’ll be covered for up to eight years or 160,000km.

Drivers will either have to check their vehicles in for servicing every 12 months or 15,000km depending on which occurs first. This is capped at $220 for the first three and fifth services, while the fourth will set you back $804.

Colours

You can purchase the vehicle in one of the following colours:

  • Atlas White
  • Galactic Grey
  • Phantom Black
  • Digital Teal-Green
  • Lucid Blue
  • Gravity Gold

Battery, charging and range

The Ioniq 5 comes with a high voltage, lithium-ion, 72.6kWh battery and, utilising an ultra-rapid, 800-volt charger, can go from 10% to 80% charged in just 18 minutes. Hyundai boasts that you can charge your vehicle for up to 100km in the space of five minutes.

You can also charge your vehicle from home with a type 2, 10.5kW AC wallbox, which can take your vehicle from 10% to 80% charge in just over six hours. In terms of its range, the Ioniq 5 can reach 451km on a single charge.

Speed

The Ioniq 5 AWD is capable of accelerating from 0 to 100km/h in the space of 5.2 seconds, while the RWD can reach the same mark in 7.4 seconds. This has it short of the fastest electric passenger car currently available in Australia, with the Porsche Taycan Turbo S able to reach 100km/h in just 2.8 seconds, but it’s still nothing to sneeze at. They’re also capable of top speeds of around 185km/h.

Interior

Perhaps its most immediately obvious quality when stepping foot in the Ioniq 5 is its spaciousness. This can be further customised to your liking with a sliding central console and adjustable seats which can move both back and forth and be reclined to enable you to lie almost completely flat.

You’ll be able to select between interior themes of both light and dark and enjoy leather seats, as well as other surfaces which have been designed to be both pleasing to the touch and more environmentally friendly. This has been achieved through a combination of recycled materials, plastic and eco-treated leather (including its carpeting being made from recycled PET bottles).

Storage space

Thanks to its lack of engine, the Ioniq 5 comes with two separate storage spaces: the boot, which has a capacity of 524L, and the ‘frunk’ (under the bonnet), which comes with either a 52L capacity (RWD) or 24L worth of space (AWD).

Towing capacity

The Ioniq 5 comes with a braked towing capacity of 1,600kg and an unbraked capacity of 750kg. This remains the same across all variants.

Safety features

It’s also crucial to consider the safety features of your car before taking the plunge. In the case of the 2022 Ioniq 5, you can enjoy a five-star ANCAP safety rating alongside myriad further features, including:

  • Lane-keeping and lane-following assist
  • Adaptive cruise control with stop and go
  • Seven airbags
  • Autonomous emergency braking (intersection support, pedestrian and cyclist detection)
  • 360-degree camera
  • Blind-spot monitoring
  • Rear cross-traffic alert
  • Automatic parking with front and rear parking sensors

What’s new from 2021

The biggest difference between the Ioniq’s original release and the updated 2022 version is the additions of the Dynamiq and Techniq variants. This gives Australians more choice when it comes to their electric vehicles, with the Dynamiq serving as a cheaper option than the original Ioniq 5 released in 2021.

What’s coming in 2023

With the 2023 Ioniq 5 now unveiled by Hyundai and set to arrive on Australian shores in November, we can look ahead to see the key differences and upgrades on the previous model. The first major change is the expanded driving range, which has increased to 454km to 507km on a single charge. The car’s battery is more powerful, running on a 77.4kWh box compared to the 2022’s 72.6kWh. The motor is also up to 168kW from 160kW.

The Dynamiq variant has increased to $72,000, while the Techniq rises to $79,500. Most notably, they’ve also revealed a new variant, the Epiq, which comes with digital wing mirrors, a heat pump to redistribute excess battery heat to the cabin and a battery conditioning system. This new model starts from a price of $85,000. The different government incentives offered in each state and territory can help reduce the price by a small but significant margin. 

The new three-variant 2023 model includes an augmented reality head-up display, Michelin Primacy 4 tyres (235/55), road sign assist and more.

While servicing is required every 12 months or 15,000km on the 2022 model, you’ll only have to check your 2023 vehicle in every two years or 30,000km. These will be capped at prices of $570 (two and six-year) and $1,090 (four-year).

Additionally, Hyundai is also releasing the Ioniq 6 in Australia in 2023, which is set to boast further range and improved performance and handling.

This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.

Approval for car loans is always subject to our lender’s terms, conditions and qualification criteria. Lenders will undertake a credit check in line with responsible lending obligations to help determine whether you’re in a position to take on the loan you’re applying for.

The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.

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