Hyundai IONIQ 5 vs Volvo EX60
Two electric SUVs go head to head. Which EV is the better buy for Australian drivers in 2026?
Hyundai IONIQ 5 scores higher, 76 vs 71
Prices are RRP before on-road costs unless stated otherwise. Always confirm with the manufacturer or dealer before purchasing.
Data checked: specs 10 Nov 2026, price 4 Nov 2026

Hyundai IONIQ 5
17 of 27 standard · no option data · 3 not offered · 7 no dataFrom
$68,200
RRP, before on-road costs
- Body
- SUV
- Fuel type
- Electric
- Engine
- Electric
- Power
- 168kW
- Energy use
- 16 kWh/100km
- Safety
- ANCAP ★5 · 2021
- Boot (seats up)
- 520L
Top CarSorted Score, 76 vs 71
Driva is an independent finance provider, not part of CarSorted. We aren't paid for this link.

Volvo EX60
21 of 27 standard · no option data · 6 no dataFrom
$86,990
RRP, before on-road costs
- Body
- SUV
- Fuel type
- Electric
- Engine
- Electric
- Power
- 275kW
- Energy use
- 14.9 kWh/100km
- Safety
- ANCAP hasn't rated this model
- Boot (seats up)
- 523L
Driva is an independent finance provider, not part of CarSorted. We aren't paid for this link.
$68,200RRP
- cannot be matched: Heated Front Seats, Ventilated Front Seats and Power Tailgate not offered
$86,990RRP
- no option data for this car
Printed option prices only. A pack is counted once and makes the figure a floor when it carries no printed price. Nothing is inferred from the other car.
Price and cost per week
Hyundai IONIQ 5 RWD
$68,200
RRP, before on-road costs. Checked 4 Nov 2026
No published drive-away price on our record.
About $292 a week in repayments ($68,200 RRP, before on-road costs; assumes $5,000 deposit, 5 yrs at 7.5% p.a.). An estimate, not a loan offer.
Volvo EX60 P6 Electric
$86,990
RRP, before on-road costs. Checked 4 July 2026
No published drive-away price on our record.
About $379 a week in repayments ($86,990 RRP, before on-road costs; assumes $5,000 deposit, 5 yrs at 7.5% p.a.). An estimate, not a loan offer.
The Hyundai IONIQ 5 starts $18,790 lower on RRP.
Both models currently qualify for the electric-vehicle Fringe Benefits Tax exemption (battery-electric and under the $91,661 threshold; battery-electric and under the $91,661 threshold), which applies to salary-sacrificed novated leases.
On-road costs (stamp duty, registration, CTP and dealer delivery) depend on your state and the dealer; ask for a written drive-away price before you sign.
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Ways to buy
For the 2 cars on this page.
Finance
From ≈$292/wk(≈$1,266/mo)
Estimate on the Hyundai IONIQ 5 at $68,200 RRP, before on-road costs; assumes $5,000 deposit, 5 yrs at 7.5% p.a. Not a quote or an offer of credit.
Compare real car-loan ratesDriva is an independent finance provider, not part of CarSorted. We aren't paid for this link.
Novated lease
Electric, with an RRP under the $91,661 fuel-efficient LCT threshold (2026-27): under the ATO's electric cars exemption a novated lease of an eligible electric car attracts no FBT if luxury car tax was never payable on it. The benefit is still reportable.
Novated lease quoteWork out a lease on the Hyundai IONIQ 5Driva is an independent finance provider, not part of CarSorted. We aren't paid for this link. Opens apply.driva.com.au in a new tab.
Safety Rundown
ANCAP's published ratings include no record for the Volvo EX60. With no pair of ratings to compare, the active-safety features in the spec table above are the fairer comparison.
Driver assistance, as the manufacturer lists it
Driver assistance, system by system. We can confirm 9 of 10 key systems on the Hyundai IONIQ 5 and 9 on the Volvo EX60.
Swipe across. Tap a feature to see what it does and each car's source.
StandardOptional: printed price, +pack or NCO (no-cost)No, not offeredNo dataCounts beside each car use the same colours; ? is no option data.
From each manufacturer's Australian equipment list. No data means that car's document does not say. The drawings are our own illustrations of how each kind of system works.
Recalls on our record
Hyundai IONIQ 5
- REC-006224 · published 20 Dec 2024Due to a software issue in the Integrated Charging Control Unit, the auxiliary 12 Volt battery may not charge as intended, resulting in battery drainage and loss of motive power.Year range on the notice: 2021 - 2024
- REC-005942 · published 16 Apr 2024Due to a software issue in the Integrated Charging Control Unit, the auxiliary 12 Volt battery may not charge as intended, resulting in battery drainage and loss of motive power.Year range on the notice: 2021 - 2024
- REC-005940 · published 11 Apr 2024Due to a manufacturing issue, the driveshaft may brake under load.Year range on the notice: 2023
- 1 more on the model page.
Volvo EX60
None open on our record
A recall covers the builds its notice lists, not every car of a model. Check your VIN at vehiclerecalls.gov.au.
Charging times
How long each takes to charge, from a household power point to a DC fast charger, estimated from battery size and the car's own maximum charge rates.
How long to charge
84kWh usableEstimates from usable battery size and the car's max charge rates (10.5kW AC). Real times vary with temperature, starting charge, charger output and the charging curve.
How long to charge
83kWh usableEstimates from usable battery size and the car's max charge rates (22kW AC). 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 EX60 gets a 15-inch display and 11.4-inch instruments.
The Hyundai IONIQ 5 stands out with Apple CarPlay, wireless charging and V2L — features our data doesn't list for the Volvo EX60. The Volvo EX60 counters with panoramic roof, heated front seats, ventilated seats, power tailgate and Bowers & Wilkins audio. Which feature set matters more depends on your daily routine and priorities.
Interior trim differs: the Hyundai IONIQ 5 gets wool blend / leather-appointed combination upholstery while the Volvo EX60 offers nordico. Climate control is 2-zone in the Hyundai IONIQ 5 and 3-zone in the Volvo EX60.
Equipment few rivals have, on either carShowHide
Drivetrain
The Hyundai IONIQ 5 uses a Electric producing 168kW and 350Nm of torque, sent through a single-speed reduction gear to a RWD layout.
The Volvo EX60 responds with a Electric making 275kW and 480Nm, paired to a single-speed driving the rear wheels. It gets to 100km/h in 5.9 seconds.
The Volvo EX60 has the clear power advantage at 275kW vs 168kW. For most buyers, the way each car feels day-to-day matters more than outright acceleration.
Battery: 84kWh (Hyundai IONIQ 5) vs 83kWh (Volvo EX60), giving WLTP ranges of 570km and 610km.
Space & Comfort
The Hyundai IONIQ 5 measures 4,655mm long on a 3,000mm wheelbase, 148mm shorter than the Volvo EX60 at 4,803mm (2,970mm wheelbase). The longer wheelbase on the Hyundai IONIQ 5 generally means more rear legroom.
Boot space is 520L in the Hyundai IONIQ 5 and 523L in the Volvo EX60, giving the Volvo EX60 a 3L advantage.
For towing, the Volvo EX60 leads with a 2,000kg braked capacity vs 1,600kg. That 400kg difference matters if you regularly hitch up.
Neither U-turns in one sweep on a 7 m local street (both need a three-point turn); the Volvo EX60's turning circle is 1.0 m tighter, 11.0 m against 12.0 m kerb to kerb. The street estimate is indicative, worked from the published turning circles.
Cost to own
At 15,000 km a year, electricity for the Hyundai IONIQ 5 costs about $768 a year (16 kWh/100km) and electricity for the Volvo EX60 about $715 a year (14.9 kWh/100km), at $1.90 a litre and 32c a kWh. That is $53 a year less for the Volvo EX60.
Warranty: 5 years / Unlimited (Hyundai IONIQ 5) and 5 years / Unlimited (Volvo EX60).
Where each one leads
The Hyundai IONIQ 5: the lower starting price ($68,200 against $86,990).
The Volvo EX60: more power (275kW against 168kW), the bigger boot with the seats up (523L against 520L), the higher braked towing limit (2,000kg against 1,600kg) and lower fuel or energy costs on our assumptions ($715 a year against $768).
The Verdict
Hyundai IONIQ 5 scores higher, 76 vs 71
The Hyundai IONIQ 5 scores 76 to the Volvo EX60's 71 on the CarSorted Score, and leads 4 of the 9 spec rows that separate them, at the lower price. The biggest gaps: safety (Hyundai IONIQ 5 ahead by 31 points), performance (Volvo EX60 ahead by 29 points), energy efficiency (Volvo EX60 ahead by 7 points). At 15,000 km a year, electricity for the Volvo EX60 costs about $53 less (14.9 kWh/100km against 16 kWh/100km, at 32c a kWh).
Ways to buy
For the 2 cars on this page.
Finance
From ≈$292/wk(≈$1,266/mo)
Estimate on the Hyundai IONIQ 5 at $68,200 RRP, before on-road costs; assumes $5,000 deposit, 5 yrs at 7.5% p.a. Not a quote or an offer of credit.
Compare real car-loan ratesDriva is an independent finance provider, not part of CarSorted. We aren't paid for this link.
Novated lease
Electric, with an RRP under the $91,661 fuel-efficient LCT threshold (2026-27): under the ATO's electric cars exemption a novated lease of an eligible electric car attracts no FBT if luxury car tax was never payable on it. The benefit is still reportable.
Novated lease quoteWork out a lease on the Hyundai IONIQ 5Driva is an independent finance provider, not part of CarSorted. We aren't paid for this link. Opens apply.driva.com.au in a new tab.
Common questions
Which is cheapest, Hyundai IONIQ 5 and Volvo EX60?
The Hyundai IONIQ 5 is the cheapest at $68,200 before on-road costs. That undercuts the Volvo EX60 by $18,790.
Which has the longest driving range?
The Volvo EX60 has the most range at 610km (WLTP).
What are the ANCAP safety ratings?
Hyundai IONIQ 5 holds a 5-star ANCAP rating (tested 2021). ANCAP's published ratings include no record for Volvo EX60, so there is nothing to compare on crash performance. Compare the active-safety features above instead.
Which has the most boot space?
The Volvo EX60 has the largest boot at 523L with the seats up.
Which can tow the most?
The Volvo EX60 has the highest braked towing capacity at 2,000kg.
Which is the most powerful?
The Volvo EX60 makes the most power at 275kW.
Track the Hyundai IONIQ 5 & Volvo EX60
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How to read this page. Prices, specifications, ANCAP ratings, warranty, the CarSorted Score and the verdict come from our records for the grades shown, sourced from the manufacturers' Australian documents, and change when those records change; the date each was last checked is printed under the headline. Prices are recommended retail prices before on-road costs unless marked drive-away. A plug-in hybrid's fuel figure is labelled with its basis: with a full battery (the certified combined figure) or as a hybrid (battery depleted). Charging and running costs are estimates on the stated assumptions. Always confirm price and specification with the manufacturer or dealer before you buy. CarSorted does not accept payment for recommendations.
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