Hyundai IONIQ 5 vs Tesla Model Y

The Hyundai IONIQ 5 starts from $71,990 before on-road costs, while the Tesla Model Y opens at $65,900. That makes the Tesla Model Y the more affordable entry point by $6,090.

Once you factor in stamp duty, registration, CTP insurance, and dealer delivery, expect to add roughly 8-12% on top of the RRP depending on your state. That puts estimated driveaway prices in the ballpark of $79,189 and $72,490 respectively.

Both models qualify for Fringe Benefit Tax (FBT) exemption, which is a significant advantage for salary-sacrificed novated leases. Depending on your tax bracket, this can save $5,000-$15,000+ per year compared to an equivalent ICE vehicle.

Both the Hyundai IONIQ 5 and Tesla Model Y hold a 5-star ANCAP safety rating. Adult occupant protection scored 97% for the Hyundai IONIQ 5 and 96% for the Tesla Model Y.

Where the two diverge is in active safety technology. The Tesla Model Y packs more ADAS features with 8 out of 10 key systems fitted, compared to 7 in the Hyundai IONIQ 5.

Both include the essentials: autonomous emergency braking, lane keep assist, adaptive cruise control, a reversing camera. Airbag count is 7 in the Hyundai IONIQ 5 and 8 in the Tesla Model Y. The Hyundai IONIQ 5 adds a 360-degree camera that the Tesla Model Y misses.

The Hyundai IONIQ 5 features a 12.3-inch touchscreen, while the Tesla Model Y gets a 16-inch display. Apple CarPlay and Android Auto are standard across both.

The Hyundai IONIQ 5 stands out with wireless Apple CarPlay/Android Auto, head-up display, wireless charging, heated front seats, ventilated seats and BOSE audio that you will not find on the Tesla Model Y. The Tesla Model Y counters with Apple CarPlay and ambient lighting. Which feature set matters more depends on your daily routine and priorities.

The Hyundai IONIQ 5 uses a Electric producing 168kW and 350Nm of torque, sent through a automatic to a RWD layout. It covers the 0-100km/h sprint in 8.5 seconds.

The Tesla Model Y responds with a Electric Motor making 194kW and 340Nm, paired to a automatic driving the rear wheels. It gets to 100km/h in 5.9 seconds.

The Tesla Model Y has the clear power advantage at 194kW vs 168kW. In the real-world sprint, the Tesla Model Y is 2.6s quicker. For most buyers, the way each car feels day-to-day matters more than outright acceleration.

Battery: 77.4kWh (Hyundai IONIQ 5) vs 60kWh (Tesla Model Y), giving WLTP ranges of 433km and 620km. DC fast charging peaks at 220kW (Hyundai IONIQ 5) vs 175kW (Tesla Model Y).

The Hyundai IONIQ 5 measures 4,635mm long on a 3,000mm wheelbase, 157mm shorter than the Tesla Model Y at 4,792mm (2,890mm wheelbase). The longer wheelbase on the Hyundai IONIQ 5 generally means more rear legroom.

Boot space is 527L in the Hyundai IONIQ 5 and 854L in the Tesla Model Y, giving the Tesla Model Y a 327L advantage.

For towing, the Tesla Model Y leads with a 1,600kg braked capacity vs 1,600kg. That 0kg difference matters if you regularly hitch up.

Running cost data is not yet available for both models. We will update when figures are confirmed.

Warranty: 5 years / 999,999km (Hyundai IONIQ 5) vs 5 years / 80,000km (Tesla Model Y). Both match on warranty length.