Aside from the Tesla badge and, for the time being, the Supercharger network, there’s really no good reason to buy a Tesla Model Y or Model 3 over a 2022 Hyundai Ioniq 5.
Veteran auto industry watchers have been preaching the same prediction for a decade now: Tesla has an enormous head start in EVs, but when the legacy automakers finally fully commit their enormous resources toward EVs, the tables are going to turn, and quickly. This is not an “I told you so” moment, but rather a “things just got real” moment.
Major automakers have finally gotten serious about EVs, and Hyundai is the first to absolutely nail the formula. Neither a cheaply engineered compliance car nor a well-intentioned but under-funded and under-developed first try, the new Ioniq 5 is what happens when companies with decades of design, engineering, and manufacturing experience make EVs a real priority.
Here’s everything you need to know in one sentence: The Ioniq 5 costs tens of thousands of dollars less than the Model Y, can go just about as far on a charge, charges faster, has more standard and optional features, is quieter inside, rides better, is built better, and has a better interior. The Model Y is quicker and sportier, and the Supercharger network is currently more reliable and easier to use than the non-uniform charging options for everyone else, but that and brand prestige are all the Tesla really wins on. The Model 3 sedan offers a more competitively priced trim, but all the other points still apply.
For the full story, check out this article from Motor Trend.