Hyundai Ioniq 5 vs Ford Mustang Mach-E

What's the difference?

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.

Australian EV buyers seem to be missing the point of the Mustang Mach-E.

Yes, Ford’s exorbitant early pricing did not help – which the mid-sized EV has yet to recover from. And the V8-muscle-car image – and baggage – that the Mustang prefix brings no doubt confuses and even repels some people. Especially eco-conscious ones.

But it’s not that complicated. The Mach-E is merely meant to be a sporty, stylish and attainable family car, albeit with electric power.

Five years on from its US launch, does the 2026 Series II facelift keep up with newer and fresher electric SUV alternatives? And is it worth the premium that the Mustang badge commands?