Say hello to…
…the Hyundai Ioniq 5, the multi-award winning EV with, arguably, the best styling on the road today. Not only does it look good both inside and out, but it marks a leap forward in Hyundai’s interior systems and quality.
Since it went on sale last year, it’s been one of the most sought after SME fleet cars available, partly due to those looks, but mainly due to the practical roomy interior and a choice of all-electric powertrains. We tested the rear-drive 73kWh battery version, with a 217hp motor and an official range of 298 miles, but it’s also available with a 58kWh battery (and 170hp motor) which has a range of 238 miles. There’s also third all-wheel drive version with 305hp with the 73kWh battery and a range of 285 miles.
You can then overlay three trim levels. Although the entry SE Connect trim is only available on the 58kWh car. The trim levels are:
- SE Connect
All models are very well equipped with all cars including alloy wheels, dual-zone climate control, height adjustable front seats, LED headlights, 12.3-inch touchscreen, connected car services, Bluetooth, Apple CarPlay, Android Auto and adaptive cruise control.
If you can find a fast enough charger, the Ioniq 5 73kWh car will take a feed of up to 220kW. Even at 150kW, that’s a 20-80% fill in a little over 15 minutes.
Is The Hyundai Ioniq 5 Suitable For My Fleet?
All-electric power, good range, practical hatchback design and exceedingly strong residual values make this an idea car for your fleet.
Thanks to a company car tax band of 2%, the RWD Ioniq 5 with 73kWh battery and a P11D price of £46,035 has a monthly tax liability of £30 a month for a 40% earner. Half that if you’re in the 20% PAYE tax band.
These two factors make it a cost winner. Add to this the lower fuel costs of electricity versus petrol or diesel and the situation improves further. Even the real world range, around 230-250 miles, is good and plenty for all but the highest mileage workers.
In terms of monthly rentals on a Hyundai Ioniq 5 you would expect to pay around £548 + VAT per month for a business lease; however, including tax allowances, insurance and maintenance it’s likely to be closer to £585 a month.*
*Costings: based on 3+33 profile, 10,000 miles a year, source: Gensen
Leasing A Hyundai Ioniq 5
Hyundai has a strong reputation of working with lease companies so finding a competitive business lease shouldn’t be hard. On Intelligent Car Leasing we found offers from £396 a month on a 9+48, 5,000 mile basis for the 73kW RWD version in Premium trim. The only issue will be trying to get hold of one. At the moment there’s at least a six- to nine-month wait, but then, this is the case for a lot of cars and Hyundai has been better than most at keeping waiting times down.
Driving A Hyundai Ioniq 5
It may be the exterior of the Ioniq 5 that attracts your attention initially, but sit inside the large EV hatchback and the quality of the interior materials and solidity of the construction impress even more.
Large control screen dominates the dashboard and while looking complex is, in operation, far from it. Simple tasks such as setting a satnav destination are intuitive as is switching radio stations or connecting your phone.
The screen for the instruments is clear and simple too and on the ultimate trim level there’s also a very useful head up display. Although in bright sunlight, it can be hard to read.
Like many EVs, the driving experience is quiet and refined with a mild whir as you accelerate. The Ioniq 5 is quick too. 0-62mph is quoted as 7.4 seconds, which is easily enough to give a fun drive, if that’s what you’re after.
The suspension has been set up a to give a comfort level that’s good but just firm enough to minimise any body roll.
As well as the instant power delivery of an electric motor, the amount of shove the car offers is also impressive. In the damp, and if you’re a bit heavy on the accelerator it’s easy to get the traction control light flickering. In in the snow, it could prove ‘interesting’.
The steering is light and the car’s easy to manoeuvre. Only the absence of a rear-windscreen wiper lets down otherwise good overall visibility. In the dry the lack of a wiper isn’t a problem, but when the roads are wet, spray can significantly cut visibility. Why the tech-laden Hyundai isn’t fitted with an electronic rear-view mirror to compensate is odd.
Hyundai has always scored well in terms of the efficiency of its EVs. The Ioniq 5 is no exception and it’s easy to achieve 3.5 miles per kWh without having to be particularly eco-minded, which would give you a real-world range of close to 250 miles.
FleetandLeasing.com Verdict On The Hyundai Ioniq 5
It’s easy to see why the Ioniq 5 has won so many awards. It looks great from the outside, is loaded with high quality tech on the inside and has excellent EV stats to go with it. An easy recommendation for an SME fleet or small business.
Hyundai Ioniq 5
- Model: Ioniq 5 73kWh RWD Ultimate
- Power: 217hp
- Torque: 350Nm
- Max speed: 115mph
- 0-62mph: 7.4 s
- Official range: 298 miles
- Test range: 245 miles
- CO2 emissions: 0g/km
- BIK tax band 202/23: 2%