Hyundai has had its fair share of ups and downs, but the summer of 2023 has been fantastic for the South Korean automaker. This is especially true for the Hyundai Ioniq 5 sales, which have been marked by an explosion of units sold. Is the Ioniq 5 really that great, however? Yes, and here’s why.

Hyundai Ioniq 5 sales are looking up

GoodCarBadCar reveals that the Hyundai Ioniq 5 has had an increase of 109.05% in the second quarter of 2023. In 2022, it sold 1,978 cars; in 2023, this number rose to 4,135 units. This isn’t some odd fluke, as the overall sales for the year-to-date are also looking up. It’s only around 13%, which begs the question of why consumers are suddenly so interested.

There can be no doubt that these sales numbers are undeniably good, however. In fact, there were only five vehicles that had more growth. These include the Toyota Sequoia, Volvo C40, Mazda MX-30, Volvo XC40, and the Kia Niro. The Toyota Sequoia saw the most growth, as the sales for the second quarter of 2023 grew 13,558.33% over 2022. Of course, it only sold 12 vehicles in the summer of 2022, and this increased to 1,639. It’s also important to note that none of these vehicles outsold the Hyundai Ioniq 5 in terms of vehicles sold.

Check out the specs on the 2023 Hyundai Ioniq 5

When it comes to EVs, the 2023 Hyundai Ioniq 5 is pretty impressive. It’s not in the same league as the Ford Mustang Mach-E or the Tesla Model Y, of course, and that’s perfectly OK. For the price, most drivers are very happy with what Hyundai has delivered with the Ioniq 5.

The standard Ioniq 5 is equipped with a 58-kWh battery pack, which has an EPA-estimated range of 220 miles. This is more than adequate for anyone just driving to work and back, as well as dropping off the kids or picking up groceries. If you need more range, then there is an available 77.4-kWh battery pack with an EPA-estimated range of 303 miles. If you opt for AWD, the range will drop down to 266 miles on a single charge.

As for charging, it’s capable of hooking up to the latest high-powered DC fast charging stations. These stations are far from common, however, so don’t think that you’ll be able to fast charge while on a road trip. Once more charging stations are updated, this shouldn’t be an issue.

There are plenty of standard features on the Ioniq 5, such as automatic emergency braking, adaptive cruise control, blind spot warning, blind-spot intervention, forward collision warning, lane-keeping assistance, and rear-cross traffic alert. As for tech, you’ll be treated to a 12.3-inch infotainment system, a built-in navigation system, and Apple CarPlay and Android Auto. All of these features are part of the reason why Hyundai Ioniq sales are on the way up.

Why is the Hyundai Ioniq 5 suddenly so popular?

The biggest reason for this has to be the price. When you include the destination fee, you’re looking at a price of about $42,785. That’s a stellar price for an EV, especially when you consider all that Hyundai includes.

There is also the warranty. Hyundai offers the same five-year/60,000-mile warranty as Kia. For drivers who plan on keeping their car, this can really save them money in the long run.

Finally, critics are in love with the Hyundai Ioniq 5 and are heaping praise upon it. Consumers don’t always agree with critics, but most at least consider what is said regarding vehicles before purchasing. Given that the Ioniq 5 is bringing in lots of awards, is affordable, and has one of the best warranties on the market, it’s easy to see why it’s suddenly a popular choice amongst new car buyers.