Volvo EX30 vs Hyundai Ioniq 5

What's the difference?

VS
Volvo EX30
Volvo EX30

$59,990 - $71,290

2025 price

Hyundai Ioniq 5
Hyundai Ioniq 5

$54,990 - $121,620

2024 price

Summary

2025 Volvo EX30
2024 Hyundai Ioniq 5
Safety Rating

Engine Type
Not Applicable, 0.0L

Not Applicable, 0.0L
Fuel Type
Electric

Electric
Fuel Efficiency
0.0L/100km (combined)

0.0L/100km (combined)
Seating
5

5
Dislikes
  • Expensive for its niche market
  • Recycled materials don't always work
  • Needs a head-up display

  • Awkward exterior door handles
  • No spare wheel
  • Big turning circle
2025 Volvo EX30 Summary

The Volvo EX30 Twin Motor Performance Ultra is the first Volvo model designed as an EV from the ground up and the Chinese-owned Swedish carmaker is making some pretty cool claims about it.

Including that it is the smallest but fastest Volvo ever (a bit of a strange combo) and it has been truly designed with a greener footprint in mind, all the way to the materials used in the cabin.

It's a niche market - a small but super punchy EV that features a luxury price tag - so rivals are few and far between but the closest at the moment are the Cupra Born, Hyundai Kona Electric, Peugeot E-2008 and Tesla Model Y.

Is Volvo carving out a new little segment with this cute EV? Is this segment needed? I've been driving it for the last week with my family to find out.

View full pricing & specs
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.

View full pricing & specs

Deep dive comparison

2025 Volvo EX30 2024 Hyundai Ioniq 5

Change vehicle