Hyundai IONIQ 5 vs Volvo EX40
Two electric SUVs go head to head. Which EV is the better buy for Australian drivers in 2026?
Specifications and pricing correct at time of publishing. Prices are RRP before on-road costs unless stated otherwise. Always confirm with the manufacturer or dealer before purchasing.
Track the Hyundai IONIQ 5 & Volvo EX40
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Price Breakdown
The Hyundai IONIQ 5 starts from $76,200 before on-road costs, while the Volvo EX40 opens at $69,990. That makes the Volvo EX40 the more affordable entry point by $6,210.
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 $83,820 and $76,989 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.
Safety Rundown
Both the Hyundai IONIQ 5 and Volvo EX40 hold a 5-star ANCAP safety rating.
Where the two diverge is in active safety technology. The Hyundai IONIQ 5 packs more ADAS features with 7 out of 10 key systems fitted, compared to 5 in the Volvo EX40.
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 7 in the Volvo EX40. The Hyundai IONIQ 5 adds a 360-degree camera that the Volvo EX40 misses.
Charging Times
How long each takes to charge, from a household power point to ultra-rapid DC, estimated from battery size and max charge rates.
How long to charge
80kWh usablePublic DC
50kW charger · 0–80%
Ultra-rapid DC
up to 220kW · 0–80%
Estimates from usable battery size and the car's max charge rates (11kW AC, 220kW DC). Real times vary with temperature, starting charge, charger output and the charging curve.
How long to charge
78kWh usablePublic DC
50kW charger · 0–80%
Ultra-rapid DC
up to 200kW · 0–80%
Estimates from usable battery size and the car's max charge rates (11kW AC, 200kW DC). Real times vary with temperature, starting charge, charger output and the charging curve.
Feature Showdown
The Hyundai IONIQ 5 features a 12.3-inch touchscreen paired with a 12.3-inch digital dash, while the Volvo EX40 gets a 9-inch display and 12.3-inch instruments. Apple CarPlay and Android Auto are standard across both.
The Hyundai IONIQ 5 stands out with panoramic roof, ventilated seats, V2L and Bose audio that you will not find on the Volvo EX40. The Volvo EX40 counters with Harman Kardon audio. Which feature set matters more depends on your daily routine and priorities.
Interior trim differs: the Hyundai IONIQ 5 gets leather upholstery while the Volvo EX40 offers textile/leather blend.
Drivetrain
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 Volvo EX40 responds with a Electric making 185kW and 420Nm, paired to a single-speed driving the rear wheels. It gets to 100km/h in 7.3 seconds.
The Volvo EX40 has the clear power advantage at 185kW vs 168kW. In the real-world sprint, the Volvo EX40 is 1.2s quicker. For most buyers, the way each car feels day-to-day matters more than outright acceleration.
Battery: 84kWh (Hyundai IONIQ 5) vs 82kWh (Volvo EX40), giving WLTP ranges of 433km and 520km. DC fast charging peaks at 220kW (Hyundai IONIQ 5) vs 200kW (Volvo EX40).
Space & Comfort
The Hyundai IONIQ 5 measures 4,655mm long on a 3,000mm wheelbase, 215mm longer than the Volvo EX40 at 4,440mm (2,702mm wheelbase). The longer wheelbase on the Hyundai IONIQ 5 generally means more rear legroom.
Boot space is 520L in the Hyundai IONIQ 5 and 536L in the Volvo EX40, giving the Volvo EX40 a 16L advantage.
For towing, the Hyundai IONIQ 5 leads with a 1,600kg braked capacity vs 1,500kg. That 100kg difference matters if you regularly hitch up.
Turning Circle
Kerb-to-kerb diameter. Smaller turns easier in tight carparks and U-turns.
11.4m to 12.0m
Based on 12.0m turning circle:
- U-turn on standard street (7m+ wide)
- Standard parking bay
- Tight carparks
- Narrow laneways
Based on 11.4m turning circle:
- U-turn on standard street (7m+ wide)
- Standard parking bay
- Tight carparks
- Narrow laneways
Turning circle ratings
Compare U-turns side by side
Turning Circle · U-turn compare
kerb-to-kerb, 2 cars0 of 2 clear a 7.0 m street in one sweep
Green cars complete the U-turn; amber need a 3-point turn. Drag the slider to test tighter streets.
Standard widths: AU local streets ~5.5–7 m; main roads ~9–12 m.
True Cost to Own
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 / 999,999km (Volvo EX40). Both match on warranty length.
Who Should Buy Which?
Buy the Hyundai IONIQ 5 if: You need stronger towing, or prefer Hyundai's approach to design and ownership experience.
Buy the Volvo EX40 if: You want the lower entry price, prioritise performance, need more boot space, or prefer Volvo's approach to design and ownership experience.
The Verdict
This is genuinely close. The Hyundai IONIQ 5 and Volvo EX40 trade blows across the spec sheet, and neither runs away with an outright win. The best pick depends on what you value most. Explore the full specs for each model below.
Common questions
Which is cheapest, Hyundai IONIQ 5 and Volvo EX40?
The Volvo EX40 is the cheapest at $69,990 before on-road costs. That undercuts the Hyundai IONIQ 5 by $6,210.
Which has the longest driving range?
The Hyundai IONIQ 5 has the most range at 570km (WLTP).
Which charges fastest?
The Hyundai IONIQ 5 accepts the highest DC charging at up to 220kW.
Which is safest?
They are evenly matched — Hyundai IONIQ 5 and Volvo EX40 all hold a 5-star ANCAP rating. Compare the active-safety features above to separate them.
Which has the most boot space?
The Volvo EX40 has the largest boot at 536L.
Which can tow the most?
The Hyundai IONIQ 5 has the highest braked towing capacity at 1,600kg.
Which is the most powerful?
The Volvo EX40 makes the most power at 185kW. The Volvo EX40 is quickest to 100km/h in 7.3s.
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Disclaimer: All information in this comparison was believed to be correct at the time of publishing (20 April 2026). Prices are manufacturer recommended retail prices (RRP) and may vary by state, dealer, and options. Driveaway costs include estimated on-road costs for Victoria. Fuel economy figures are WLTP/ADR combined cycle. Specifications can change without notice. Always verify with the manufacturer before making a purchase decision. CarSorted does not accept payment for recommendations.
Auto-generated from CarSorted's specification data · 20 April 2026
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