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Independent review & score by Carivo
| Seating Capacity | 5 passengers |
|---|---|
| Body Style | EV |
| Base Price | $44,735–$55,993 |
Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.
The 2024 Hyundai IONIQ 5 is a ev that earns a Carivo score of 8.3/10 — rated Recommended. Its strongest dimension is Safety at 8.9/10, while Performance at 7.4/10 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. The reliability picture is solid rather than spectacular: 7.9/10, which puts it comfortably above the class median. On safety, it scores 8.9/10 in our assessment. Always confirm the official crash-test results for your exact trim at nhtsa.gov/ratings.
With 7.4/10 for performance, this is a car tuned for daily driving rather than excitement — perfectly capable on the commute, unremarkable on a back road. On technology it rates 8.9/10: a modern, well-integrated suite that compares favorably with anything at this price point.
Priced from $44,735–$55,993, 114 MPG, seating 5, the Hyundai IONIQ 5 sits in the mid-market bracket of the ev segment. Its value score of 8.7/10 confirms that the price reflects the quality — you're getting a lot for your money here. At 2 years old, it's recent enough that the core feature set holds up well against current competition.
Verdict: Nothing about the 2024 Hyundai IONIQ 5 will scare a sensible buyer off. It scores consistently across the board, and it does what a good ev should — quietly and competently.
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 2024 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 $44,735 starting price undercuts the segment's median of $52,750 by about 15%.
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 2024 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 (this review) | 8.3/10 | $44,735 | |
| 2023 | 8.3/10 | $43,392 | Read review → |
| 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.
| 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 2024 Hyundai IONIQ 5's reliability 7.9/10 — above the middle of the pack for this class. It has 2 NHTSA recall campaigns on record for this model year (details in the recalls section above — repairs are free at dealers).
2 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 2024 Hyundai IONIQ 5 starts at $44,735 and ranges up to $55,993 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.