Hyundai IONIQ 5 (2021-2024) vs MG5 EV

The Hyundai IONIQ 5 costs £6,000 more than the MG MG5 EV. For that premium it adds 40 miles more WLTP range. On EVcarsguide's combined category scores, the Hyundai IONIQ 5 comes out ahead overall.

The MG MG5 EV is £6,000 cheaper to buy. Running costs are almost identical - about £168 a year either way, at 8,000 miles on an off-peak home tariff. Add 5 years of charging and the MG MG5 EV comes out roughly £5,960 cheaper overall. These figures cover list price and home charging only - insurance, servicing, tyres and depreciation will move the real total.

EVcarsguide estimates a real-world motorway range of about 199 miles for the Hyundai IONIQ 5 and 166 miles for the MG MG5 EV - both below their WLTP figures, because sustained high speed is the hardest case for an EV. The Hyundai IONIQ 5 goes roughly 33 miles further between charging stops. A rapid charge to 80% takes around 18 minutes in the Hyundai IONIQ 5 and 40 in the MG MG5 EV, so the Hyundai IONIQ 5 loses less time at each stop. That makes the Hyundai IONIQ 5 the stronger long-distance car.

The MG MG5 EV is the easier car for tight UK car parks: it is 72 mm narrower than the Hyundai IONIQ 5. In a standard 2,400 mm bay that leaves about 582 mm of total clearance for the MG MG5 EV and about 510 mm of total clearance for the Hyundai IONIQ 5. The MG MG5 EV also turns in a 1.4 m tighter circle, which helps with U-turns and multi-storey ramps.

Over a 8-year ownership window EVcarsguide's degradation model projects roughly 89% battery health for the Hyundai IONIQ 5 and 90% for the MG MG5 EV. That is close enough that capacity loss should not decide between them. The MG MG5 EV's LFP-type pack tolerates daily 100% charging, while the Hyundai IONIQ 5's NMC-type pack lasts longest kept to about 80% for everyday use. The Hyundai IONIQ 5 has the longer battery warranty at 8 years, versus 7 for the MG MG5 EV.