carivo.co
Independent review & score by Carivo
| Seating Capacity | 5 passengers |
|---|---|
| Body Style | EV |
| Base Price | $43,392–$55,221 |
Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.
Our scoring places the 2023 Hyundai IONIQ 5 at 8.3/10 overall, which translates to a Recommended rating for this ev. Its strongest dimension is Safety at 8.9/10, while Performance at 7.5/10 is where it trails the competition most noticeably. It's a solid all-rounder that delivers across most dimensions without obvious deal-breakers.
Reliability and safety are the two dimensions that matter most for long-term ownership costs. We score reliability at 8.0/10 — better than most direct rivals, if short of the segment's best. The 8.9/10 safety score puts it near the top of the class on this dimension; the official trim-level results at nhtsa.gov are worth a final check.
Performance scores 7.5/10 — competent for everyday use. Acceleration and handling are adequate for commuting and highway driving, though enthusiasts will want to look at higher-rated alternatives. The cabin tech earns 8.9/10 — infotainment, smartphone integration, and driver-assistance are all close to the best this class offers.
Priced from $43,392–$55,221, 114 MPG, seating 5, the Hyundai IONIQ 5 sits in the mid-market bracket of the ev segment. Value is where it presses its advantage — 8.3/10, meaning the feature set and quality outrun the asking price. At 3 years old, it's worth checking whether a newer generation or refresh has addressed any weaker dimensions — compare it to the current model year before buying.
Our take: The 2023 Hyundai IONIQ 5 is a solid, well-rounded ev that covers the essentials without obvious deal-breakers. For most buyers in this segment, it's a safe, dependable choice.
Carivo scores are our own editorial assessment, informed by NHTSA safety and recall records, EPA fuel-economy figures, and manufacturer-published specifications. Scores are reviewed periodically and updated when new data becomes available. See our full methodology →
The 2023 Hyundai IONIQ 5 ranks #18 of 268 evs in the Carivo database — better than 94% of the segment. Its 8.3/10 overall score is 0.7 points above the segment average of 7.6/10. Its $43,392 starting price undercuts the segment's median of $52,750 by about 18%.
Rankings are recalculated as new vehicles and scores are added. See the full EV ranking → · Best EVs under $50k →
Across the IONIQ 5 model years we've scored, the 2023 holds its position — we didn't find an older year that delivers similar scores for meaningfully less money.
| Year | Score | Starting price (MSRP when new) | |
|---|---|---|---|
| 2026 | 8.4/10 | $46,077 | Read review → |
| 2025 | 8.4/10 | $46,077 | Read review → |
| 2024 | 8.3/10 | $44,735 | Read review → |
| 2023 (this review) | 8.3/10 | $43,392 | |
| 2022 | 8.2/10 | $42,050 | Read review → |
The following recall campaigns have been filed with NHTSA for this model and year. Recall repairs are performed free of charge by franchised dealers; check your specific vehicle by VIN at nhtsa.gov/recalls.
| Power train / Driveline / Driveshaft 01/02/2024 · 24V065000 | Hyundai Motor America (Hyundai) is recalling certain 2023 IONIQ 5, IONIQ 6, and Genesis GV60 vehicles. The rear inner driveshaft may have been improperly heat-treated, allowing it to break under load and resulting in a loss of drive power. |
|---|---|
| Electrical system / 12v/24v/48v battery 15/03/2024 · 24V204000 | Hyundai Motor America (Hyundai) is recalling certain 2022-2024 IONIQ 5, 2023-2024 IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis G80 "Electrified" vehicles. The Integrated Charging Control Unit (ICCU) may become damaged and stop charging… |
| Electrical system / 12v/24v/48v battery 18/11/2024 · 24V868000 | Hyundai Motor America (Hyundai) is recalling certain 2022-2024 IONIQ 5, 2023-2025 IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis G80 "Electrified" vehicles. The Integrated Charging Control Unit (ICCU) may become damaged and stop charging… |
Source: NHTSA recall database, fetched at page build time.
We rate the 2023 Hyundai IONIQ 5's reliability 8.0/10 — one of the stronger records in its class. It has 3 NHTSA recall campaigns on record for this model year (details in the recalls section above — repairs are free at dealers).
3 NHTSA recall campaigns matched this model and year as of our latest check. Verify your specific vehicle by VIN at nhtsa.gov/recalls.
It scores 8.3/10 overall, ranking #18 of 268 evs in our database (better than 94% of the segment). A solid choice for most buyers — compare it against the segment leaders before deciding.
The 2023 Hyundai IONIQ 5 starts at $43,392 and ranges up to $55,221 across trims (MSRP when new). At 114 MPG, expect roughly $461/year in fuel at 15,000 miles/year.
Explore the full lineup of Hyundai models scored by Carivo — ranked by overall score across reliability, safety, value, performance, and technology.