Hyundai IONIQ 5 N vs MG IM5

The Hyundai IONIQ 5 N costs £26,350 more than the MG IM5. For that premium it adds 87 kW faster peak rapid charging, 261 kW more power and a 3.4s quicker 0-62mph time. The MG IM5 is not just cheaper - it also offers 26 miles more WLTP range. On EVcarsguide's combined category scores, the Hyundai IONIQ 5 N comes out ahead overall.

The MG IM5 is £26,350 cheaper to buy. Running costs are almost identical - about £192 a year either way, at 8,000 miles on an off-peak home tariff. Add 5 years of charging and the MG IM5 comes out roughly £26,430 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 232 miles for the Hyundai IONIQ 5 N and 217 miles for the MG IM5 - effectively matched, and both well below their WLTP figures because sustained high speed is the hardest case for an EV. A rapid charge to 80% takes around 27 minutes in the Hyundai IONIQ 5 N and 65 in the MG IM5, so the Hyundai IONIQ 5 N loses less time at each stop.

The two are within 20 mm on width, so neither is meaningfully easier to thread into a tight space. In a standard 2,400 mm bay that leaves about 460 mm of total clearance for the Hyundai IONIQ 5 N and about 440 mm of total clearance for the MG IM5. The MG IM5 also turns in a 2.0 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 N and 90% for the MG IM5. That is close enough that capacity loss should not decide between them. The MG IM5's LFP-type pack tolerates daily 100% charging, while the Hyundai IONIQ 5 N's NMC-type pack lasts longest kept to about 80% for everyday use. Both batteries carry a 8-year manufacturer warranty.