Hyundai Ioniq 5 vs Ford Mustang

What's the difference?

VS
Hyundai Ioniq 5
Hyundai Ioniq 5

$42,449 - $92,950

2024 price

Ford Mustang
Ford Mustang

$52,998 - $154,990

2025 price

Summary

2024 Hyundai Ioniq 5
2025 Ford Mustang
Safety Rating

Engine Type
Not Applicable, 0.0L

V8, 5.0L
Fuel Type
Electric

Premium Unleaded Petrol
Fuel Efficiency
0.0L/100km (combined)

13.6L/100km (combined)
Seating
5

4
Dislikes
  • Awkward exterior door handles
  • No spare wheel
  • Big turning circle

  • Hefty price increase over old model
  • Feels like an update, rather than new-gen 
  • Hyper-active safety systems
2024 Hyundai Ioniq 5 Summary

What is it about single letters and performance cars? 

BMW has M, Volkswagen has R, Lexus has F, and with only 23 choices left Hyundai opted for N - which stands for Namyang, site of the brand’s sprawling proving ground and development centre in South Korea, and Nurburgring, the famous German racing circuit where its performance cars are fine-tuned.

And like BMW M Sport, VW R-Line and Lexus F Sport, the Korean giant has N Line as a ‘lite’ option. Sporty models that add a little more punch and visual flair without crossing the line into hardcore hot-rod territory. 

And this is one its latest examples, the pure-electric Ioniq 5 SUV in top-spec Epiq AWD trim and equipped with the N Line Option Pack as well as the tricky Digital Mirror Pack.

In this configuration it slots into the $90K price band, which means it has a lot to live up to in terms of performance, safety, driving dynamics, value and more. 

So, stay with us to see if this premium five-seater is the kind of sporty EV SUV that gets your heart racing.

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2025 Ford Mustang Summary

The new Ford Mustang GT was not designed for Paris.

Fighting through the morning peak hour rush (which seems to extend through the middle of the day and the afternoon), the new Mustang feels like a caged animal. Which is appropriate, given the car’s namesake is a wild horse that exists to roam the American wilderness.

But once we finally break the shackles of Parasian traffic we find ourselves getting to let this Mustang gallop across the French countryside and unleash its full potential. But more on that later…

The reason we're driving the Mustang in France is because the American brand wanted to connect it to its new racing program at the famous Le Mans sports car race (you know, the one in the Matt Damon movie, Ford v Ferrari).

No less than Bill Ford, great-grandson of the company’s famous founder, was on-hand to see the Mustang at Le Mans, such is the passion for performance.

Ford (the man, not the company) took the opportunity to declare that the Blue Oval brand is not only committed to internal combustion engines for the foreseeable future, but it will retain the V8 under the bonnet of the Mustang GT for as long as it can legally do so.

Australians will have to wait a few more weeks (maybe months) before the seventh-generation Mustang arrives, but here’s what you can expect when it lands on local roads.

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Deep dive comparison

2024 Hyundai Ioniq 5 2025 Ford Mustang

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