The Hyundai Ioniq 5 has seen largely positive reviews worldwide since its launch and, as with most new EVs from legacy automakers, has been called a “Tesla killer” on more than one occasion.
The question is which Tesla model the Ioniq 5 targets, and the answer is not that simple. Judging by the fact that it’s a compact crossover, the Model Y would be its nemesis. However, with Tesla’s ever rising prices, the Ioniq 5 is now more comparable with the Tesla Model 3.
As this comparison review from Canada’s Everyday Reviews points out, the range-topping Ioniq 5 Top Trim AWD (Limited AWD in the US) costs 59,995 Canadian dollars (about $47,900) before incentives, while the entry-level Tesla Model 3 RWD starts at an almost identical 59,990 Canadian dollars ($47,900).
