The Ioniq 5's single launch trim in Australia is available with a choice of either light or dark themed interiors. Either way, there are a plethora of soft-touch surfaces, leather seats, and new design elements which are constructed using eco-treated leathers, plastics, and recycled materials. Cars with lighter interior trims have a unique odour due to the use of organic paints and yarns used in the seats and headlining.

All-wheel drive versions of the Ioniq 5 are capable of sprinting from 0-100km/h in a claimed 5.2 seconds.

Standard items for the Ioniq 5's launch trim include massive 20-inch low-drag alloy wheels, dual 12.3-inch screens for the multimedia system and digital dash, dual-zone climate control, push-start ignition and keyless entry, wired Apple CarPlay and Android Auto connectivity, a wireless charging bay, full LED exterior lighting with a retro pixel pattern, ambient LED interior lighting, electrical adjust for the front and rear seats, heated and cooled front seats, heated rear seats, and a panoramic sunroof. The Ioniq 5 can also power external devices using an include vehicle to load adapter which converts the Type 2 charging port to a standard household power outlet.

Despite a huge wheelbase, the Ioniq 5 is strictly a five-seater, with the single launch variant offering eco-treated synthetic leather seats for both the first and second row.