The electric vehicle (EV) market grows more competitive each year as automakers race to release new models boasting ever-improving range, performance, and features. Two of the latest contenders in this space are the 2022 Hyundai Ioniq 5 and 2022 Volvo C40 Recharge.
As capable electric crossovers loaded with tech, the Ioniq 5 and C40 Recharge check many of the same boxes. But they still have distinct strengths and weaknesses that warrant a deeper comparison. Let’s analyze how these two EVs stack up to help determine which is the better buy.
Overview of the Hyundai Ioniq 5 and Volvo C40 Recharge
The Ioniq 5 is Hyundai’s first model built on its dedicated EV platform called E-GMP (Electric-Global Modular Platform). Its futuristic looks, long range, and fast-charging capabilities have made it a quick hit.
The Volvo C40 Recharge is essentially a coupe version of the XC40 Recharge. It sports a more stylish, sloping roofline than its boxy sibling but is otherwise mechanically identical. As a luxury model, it commands a higher price tag.
Both vehicles feature dual-motor all-wheel drive systems and the latest driver assistance tech. But let’s look closer at how their specs and performance compare.
Powertrain and Performance
The Ioniq 5 is available with rear-wheel drive or all-wheel drive. Output ranges from 168 horsepower in base SE models up to 320 horsepower in the top Limited trim. Torque sits between 258 and 446 lb-ft across the lineup.
Every C40 Recharge model utilizes a 402-horsepower, all-wheel drive electric powertrain producing 486 lb-ft of torque. This gives the Volvo a clear advantage in straight-line speed with a 4.5-second 0-60 mph time, versus 5.2 seconds for the quickest Ioniq 5.
The Volvo also weighs around 500 pounds less than the Hyundai, attributible in part to its smaller battery pack. This helps handling feel more agile. But neither vehicle prioritizes corner-carving agility over ride comfort. For that, sportier EV options exist.
While the C40 Recharge accelerates faster, the Ioniq 5 offers more range. Which matters most depends on your needs.
Driving Range and Charging
The Hyundai Ioniq 5 uses either a 58 or 77.4-kWh battery pack depending on the trim. This translates to an EPA-rated driving range of 220 to 303 miles on a full charge. Opting for the standard range model saves money upfront but limits long-distance travel ability.
The Volvo C40 Recharge has a smaller 78-kWh battery providing an EPA range of just 226 miles. So even the base Ioniq 5 beats it for maximum distance traveled per charge.
Both SUVs offer fast-charging capability to replenish batteries quickly during road trips. With access to 350-kw fast charging, the Ioniq 5 can add 210 miles of range in just 18 minutes. The C40 Recharge isn’t far behind, regaining 180 miles of range in about 25 minutes.
Overall, if you want to minimize charging stops over long distances, the Hyundai’s additional range gives it an edge. But the Volvo makes up recharging faster than most other EVs.
Design and Comfort
These electric SUVs take very different approaches to exterior and interior design. The Ioniq 5 sports a chunky, retro-futuristic look evoking 80s hatchbacks like the DeLorean. Inside, its lounge-like cabin features sustainable materials and leading-edge tech displays.
Conversely, the C40 Recharge exhibits typical contemporary Volvo style inside and out. Clean lines and minimalist Scandinavian influences shape a less radical but still modern, upscale look and feel.
Both vehicles provide impressive passenger and cargo space for their compact footprints. The Ioniq 5 offers slide-adjustable seats and 27.2 cubic feet of cargo capacity behind its rear bench. Fold the 60/40 split seatbacks down, and you get 59.3 cubic feet for hauling larger items.
The C40 isn’t far behind at 17.7 cubic feet of space behind the rear seat. Folding the rear bench opens up 57 cubic feet, but the higher load floor makes lifting heavy objects trickier.
Overall, families needing maximum flexibility will appreciate the Ioniq 5’s more configurable seating and cargo solutions. But the Volvo delivers plenty of room for most needs in a more premium package.
Safety and Technology
As with all their vehicles, Hyundai and Volvo treat safety as a top priority in engineering the Ioniq 5 and C40 Recharge. Both feature the expected array of airbags, stability programs, and collision mitigation tech. The Insurance Institute for Highway Safety (IIHS) named both models 2022 Top Safety Picks based on their performance across several challenging tests.
In terms of driver assistance features, each vehicle provides a solid mix of equipment:
Hyundai Ioniq 5
- Forward Collision-Avoidance
- Lane Keeping Assist
- Driver Attention Warning
- Blind-Spot Collision-Avoidance Assist
- Parking Distance Warning
- Safe Exit Warning
Volvo C40 Recharge
- Pilot Assist driver support
- Adaptive cruise control
- Blind spot information system
- Cross-traffic alert with brake support
- Lane keeping aid
- Oncoming lane mitigation
Unique to the Ioniq 5 is Highway Driving Assist 2, Hyundai’s Level 2 semi-autonomous driving system. It can automatically adjust speed, steer, and change lanes under certain conditions with hands hovering near the wheel. The C40 doesn’t currently offer this, but its Pilot Assist feature does provide steering assistance to keep the SUV centered.
Infotainment systems in both vehicles offer crisp, colorful displays with Apple CarPlay/Android Auto functionality. Only the Volvo runs Google’s Android Automotive OS, bringing embedded Google Maps/Assistant to its center touchscreen.
Cost Breakdown and Availability
Hyundai prices the 2023 Ioniq 5 from $42,745 for the SE Standard Range trim up to $55,465 for the loaded Limited model. Currently, buyers can still qualify for the $7,500 federal tax credit plus any state/local incentives where available.
In comparison, the 2023 Volvo C40 Recharge starts at $58,750 for the well-equipped Core trim. Stepping up to the Plus and Ultimate models costs $61,700 and $63,550 respectively. Though ineligible for federal tax credits no longer offered to Volvo vehicles, state rebates can cut these MSRPs in certain areas.
The Ioniq 5 is more widely available since Hyundai produces it domestically. Wait times for factory orders typically run 30-90 days. Meanwhile with the C40 shipping from Europe, delays of 6 months or more are common. So buyers need more patience or luck finding existing dealer inventory.
The Verdict: 2023 Hyundai Ioniq 5 vs Volvo C40 Recharge
While the Volvo C40 Recharge looks sexier and feels more luxurious, the 2023 Hyundai Ioniq 5 delivers greater value and practicality. For around $15,000+ less to start, Hyundai buyers get an incredibly techy SUV with more room and range. Turbocharged acceleration and brand cachet are about all the C40 justifies spending extra on.
Smart shoppers needing to maximize EV driving distance and seating flexibility should gravitate toward the impressive Ioniq 5. Its unique style and amenities also outclass its crossover competition, not just versus this single Swedish rival.
In the future, Volvo’s move to build the C40 Recharge in America could make it more price-competitive with Hyundai. But for now, the sleeker electric Volvo appeals mainly to driving enthusiasts with deeper pockets less concerned about maximum range.
Exploring all their pros and cons shows the 2023 Hyundai Ioniq 5 reaching farther for less money compared to the 2023 Volvo C40 Recharge. Test driving both vehicles yourself can confirm if their similar on-road performance seems thousands of dollars apart or closely matched to your own taste.
