Cars Like
2026 Hyundai Ioniq 5

Hyundai

Ioniq 5

Model Profile

ElectricSUV2026

From $69,990

Driveaway estimate · NSW · priced Aug 2026. Varies by state. Details →

Illustrative render
The short version

For 2026, Hyundai did the unfashionable thing and made the IONIQ 5 simpler. A sprawling range of more than a dozen configurations became three clear grades, and every one of them now carries the big 84kWh battery that used to sit only at the top. The upshot is that the cheapest IONIQ 5 claims 570km on the WLTP cycle, as far as the previous flagship travelled. Launched in 2021 as Hyundai's first car on the dedicated 800-volt E-GMP platform, the IONIQ 5 has spent five years quietly maturing into one of the most complete electric SUVs on sale in Australia, even if the sales charts still favour cheaper rivals.

The numbers that matter

What matters to you?

495–570km

Range

168–239kW

Power

520L

Boot space

8years

Battery warranty

Range shown across the Ioniq 5 line-up. Pick a priority to see the numbers that matter to you.

In the metal
Hyundai Ioniq 5 · Front three-quarter
Hyundai Ioniq 5 · Profile
Hyundai Ioniq 5 · Rear three-quarter

Images are illustrative and digitally rendered. They may not reflect the exact variant, colour or trim. Details →

The full picture

Living with the Ioniq 5.

The Hyundai IONIQ 5 is the electric mid-size SUV that keeps winning on the fundamentals while the market looks elsewhere. For 2026 Hyundai collapsed a confusing line-up into three grades and gave every one the 84kWh battery, so the cheapest IONIQ 5 now goes as far as the previous flagship did. It is roomy, premium inside and quick to charge: 10 to 80 per cent takes about 18 minutes on a 350kW-class ultra-fast charger. The catch is a price that sits above the Tesla Model Y, and a ride the launch reviews consistently call firm.

Value lives at the bottom of the range. The $69,990 driveaway IONIQ 5 RWD, a promotional NSW driveaway offer running to 30 September 2026 rather than a permanent price, carries the same 84kWh pack and 800-volt charging as the grades above it, and its 19-inch wheels give it the longest WLTP range in the family at 570km. Step up to the Elite for the electric tailgate, head-up display and Bose sound, but its 20-inch wheels trim range to 530km. Ownership leans on Hyundai's seven-year, unlimited-kilometre warranty and an eight-year, 160,000km battery guarantee, with capped-price servicing keeping the running maths predictable.

The N Line Premium is the one that looks the part. It swaps in a dual-motor all-wheel-drive system good for 239kW and 605Nm, and adds the Vision roof, a fixed glass panel with a power sunshade, along with projector LED headlights, ventilated front seats and a suede-and-leather cabin with red stitching. It is the quickest non-N IONIQ 5 and the best equipped. It is also the heaviest, its 20-inch wheels and second motor cut WLTP range to 495km, and at $85,490 driveaway (August 2026) it asks a lot for styling and pace. Ask yourself whether the sporty flavour justifies the jump; on range alone, the rear-drivers make the stronger case.

Underneath every grade is the 800-volt E-GMP architecture that still sets the IONIQ 5 apart. It enables a 10 to 80 per cent top-up in around 18 minutes on a 350kW-class ultra-fast charger, a rate most rivals on 400-volt systems cannot approach. The cabin backs it up: twin 12.3-inch displays, a standard heat pump for cold-weather range, vehicle-to-load power for running appliances off the battery, and Digital Key 2.0 that turns a phone into the key. The honest caveats, both flagged consistently in AU launch reviews, are a firm ride over sharp edges and driver-assist alerts that nag. For a buyer who charges on the road and values cabin quality, the IONIQ 5 remains one of the most complete electric SUVs on sale, provided the premium over a Model Y reads as money well spent.

2021

Design-award debut

Hyundai's first 800V E-GMP car, and a TopGear Best Design winner at launch.

The range

Ioniq 5 Range Walk

Every 2026 IONIQ 5 shares the same 84kWh battery and 800-volt charging, so stepping up the range buys comfort, styling and, at the top, a second motor, not more range or faster charging. In fact the pricier grades wear larger wheels that slightly shorten range. Prices below are promotional NSW driveaway offers running to 30 September 2026. Here is what each rung adds.

  1. 01

    IONIQ 5 RWD

    Best range for the money

    From $69,990

    The $69,990 driveaway entry point, and the range champion: 168kW rear drive, 570km WLTP on 19-inch wheels, plus a heat pump, twin 12.3-inch screens, wireless Apple CarPlay, a 360-degree camera and Digital Key 2.0 as standard.

  2. 02

    Elite

    Comfort without the AWD premium

    From $74,990

    For about $5,000 more the Elite adds an electric tailgate, head-up display, eight-speaker Bose audio, heated front seats and a sliding centre console. Its 20-inch wheels trim WLTP range to 530km.

  3. 03

    N Line Premium

    Pace and kit over range

    From $85,490

    At $85,490 driveaway the flagship non-N grade brings dual-motor all-wheel drive (239kW and 605Nm), the fixed-glass Vision roof with its power sunshade, projector LED headlights, ventilated front seats and N Line styling on 20-inch wheels. Range falls to 495km.

Driveaway estimate · NSW · priced Aug 2026. Varies by state. Details →

Running costs

What the Ioniq 5 costs to own

Fuel or charging, insurance, servicing, tyres and rego, with repayments if you finance it. Estimates for a NSW private buyer, not a quote.

Cost to own
IONIQ 5 RWD · on finance
$424
per week
$1,262
per month
$110,364
all up, over 5 years

Running costs

Keep for
Drive
Where the money goesrunning costs + interest, over 5 years
Charging$4,679Insurance$15,095Servicing$1,338Tyres$1,100Rego + CTP$5,420Loan interest$12,742
Free · no obligation · estimate for a NSW private buyer, not a quote
Specifications

Under the skin.

Safety

How it protects.

ANCAP · Tested 2021

Adult Occupant88%
Child Occupant87%
Pedestrian63%
Safety Assist89%

This vehicle achieved the highest possible ANCAP safety rating, with strong results across occupant protection, pedestrian safety and safety-assist technology.

The verdict

Buy the IONIQ 5 if charging speed, cabin quality and long-trip range matter more to you than the lowest sticker. The rear-drive base grade is the pick: it holds the full 84kWh battery, 800-volt charging and 570km of range for the least money, and standardising the big pack makes 2026 the strongest value the range has offered. Cross-shop the Tesla Model Y if price and outright acceleration lead your brief, since it undercuts the Hyundai by real money and taps the Supercharger network, or the platform-sibling Kia EV6 if you want the sporty all-wheel-drive flavour the N Line Premium chases. Few electric SUVs, though, make a more complete case once you have charged one on a road trip.

Where it shines
  • Class-leading 800V charging, 10 to 80 in about 18 minutes
  • 84kWh battery now standard across every grade
  • Up to 570km WLTP range on the base RWD
  • Premium, spacious cabin with real tech depth
  • Seven-year warranty plus eight-year battery cover
Worth weighing up
  • Priced above the Tesla Model Y
  • Ride can feel firm over sharp bumps
  • Driver-assist alerts are persistently intrusive
  • N Line Premium adds pace but cuts range
The back story

Where the Ioniq 5 has been.

Past generations. Context, not the car on sale today.

The IONIQ 5 launched globally in 2021 as Hyundai's first car on the dedicated 800-volt E-GMP electric platform, and quickly became a design landmark, winning Best Design at the TopGear Electric Awards. Five years of steady Australian updates have added the physical buttons and rear wiper that early cars lacked, and simplified a once-sprawling range. Its one notable ownership chapter concerns early-build charging hardware.

2021 to 2024: The ICCU chapter

Early IONIQ 5s built between April 2021 and February 2024 were caught up in a known fault with the Integrated Charging Control Unit, which could drain the 12-volt battery and cause a loss of drive. More than 3,500 Australian IONIQ 5 and IONIQ 6 cars were recalled twice in 2024 (register REC-006224) for a free software fix. In May 2026 Hyundai extended the ICCU warranty on affected builds to 15 years or 300,000km, easing a lingering used-buyer worry.

2025 to 2026: The refinement years

Later updates answered the early criticism. Hyundai re-added physical climate buttons and a rear wiper, refreshed the wheels and badging, and for 2026 dropped the small 63kWh battery so every grade runs the 84kWh pack. Digital Key 2.0 arrived, letting owners unlock and start the car with a phone or smartwatch. Current MY26 cars sit outside the ICCU-affected build window.

Questions

Asked about the Ioniq 5.

By Yuri Cartland, Editor