Which EV can take on your busy lifestyle with the most style and longest battery range: the 2024 Ford Mustang Mach-E or the 2024 Hyundai Ioniq 5? We’re here to guide you through each model’s main selling points. Before the end, you’ll know for sure which of these luxury EV SUVs is speaking your language.
Key Takeaways
- These EVs keep things competitive, but the 2024 Ford Mustang Mach-E ultimately starts at a lower price.
- Depending on trim model, the Mustang Mach-E can easily overpower the Ioniq 5.
- With the right equipment, the Mustang Mach-E offers the longest EV battery range!
- Both EV crossovers are big on interior luxury, but the Mustang Mach-E is available with the longest list of modern upgrades.
What is the Starting Price of the 2024 Ford Mach-E?
Both five-passenger EVs are competitively priced, but the 2024 Ford Mustang Mach-E (starting at $39,995) offers some savings compared to the 2024 Hyundai Ioniq 5 (starting at $41,800).Plus, the Mustang Mach-E offers more for your money.
The entry-level Ioniq 5 trim model includes upscale features, such as automatic climate control, built-in navigation, and a 12.3-inch infotainment touchscreen. But the Mustang Mach-E gives you all that (though with a bigger, 15.5-inch touchscreen), plus a panoramic fixed-glass roof, wireless smartphone charging, and hands-free (now subscription-based) Blue Cruise driving technology!
Is the 2024 Ford Mustang Mach-E Fast?
For maximum speed, you can’t beat the Mustang Mach-E (or at least, the Ioniq 5 certainly can’t). This EV offers a variety of powertrain configurations, with your choice of a standard or extended-range battery and rear- or all-wheel drive. The GT and Rally trim models are especially quick options, offering up to 480 horsepower and 700 pound-feet of torque for lighting-fast acceleration!
Your Mustang Mach-E’s overall power will vary according to powertrain and trim model:
- Standard Range, RWD: 264 horsepower, 387 lb-ft of torque
- Standard Range, eAWD: 325 hp, 500 lb-ft
- Extended Range, RWD: 290 hp, 387 lb-ft
- Extended Range, eAWD: 365 hp, 500 lb-ft
- GT eAWD: 480 hp, 600 lb-ft
- GT eAWD with Performance Upgrade: 480 hp, 700 lb-ft
- Rally eAWD: 480 hp, 700 lb-ft
The 2024 Ioniq 5 offers your choice of a single-motor, rear-wheel-drive configuration or a dual-motor, all-wheel-drive setup. The base, single-motor Ioniq 5 can’t keep up with any of the Mustang Mach-E models. However, with dual EV motors, the Ioniq 5 can at least compete with standard-range Mustang Mach-E models (the rest, not so much).
The 2024 Ioniq 5’s output varies according to whether you select a single- or dual-motor EV powertrain:
- RWD: Single-motor electric powertrain (168 hp, 258 lb-ft)
- AWD: Dual-motor electric powertrain (320 hp, 446 lb-ft)
What is the Battery Range of the 2024 Ford Mustang Mach-E?
Incredibly, the new Mustang Mach-E provides both more power and a longer battery range than the Ioniq 5! However, battery range varies according to powertrain setup (see above). The Mustang Mach-E Premium trim, with rear-wheel drive and the extended-range battery, is the most impressive option, offering a 320-mile range.
- Premium (RWD, Extended Range): 320 miles
- GT: 280 miles
- Rally: 265 miles
- Select (RWD, Standard Range): 250 miles
The Ioniq 5’s electric battery range also varies according to trim model and drivetrain. Its most efficient model isn’t too far behind the Mustang Mach-E in terms of mileage, allowing you to travel 303 miles between charges. However, when you consider how much more power the Mustang Mach-E delivers compared to the Ioniq 5, its mileage rates don’t look quite as impressive.
- SE/SEL/Limited (RWD): 303 miles
- SE/SEL/Limited (AWD): 260 miles
- SE (RWD, Standard Range): 220 miles
Is the Interior of the Mustang Mach-E Comfortable?
As we mentioned, the Mustang Mach-E comes standard with a longer list of snazzy features, including a panoramic glass roof and the semi-autonomous BlueCruise driving system. But the Mustang Mach-E is our first choice for luxury overall, thanks to available upgrades like a 10-speaker Bang & Olufsen sound system, driver’s seat memory settings, and ambient multi-color interior lighting. And since it borrows exterior styling cues from the iconic Mustang, the Mustang Mach-E is the best-looking option!
In spite of Hyundai’s best attempts at a modern exterior, the Ionqi 5 doesn’t have the same head-turning power. And while the Ioniq 5 doesn’t come standard with as many upscale features as the Mustang Mach-E, you’ll find plenty of upscale options available. For instance, higher trim models offer a panoramic sunroof, heated and ventilated front seats, and an eight-speaker Bose sound system.
Is the 2024 Ford Mustang Mach-E Worth the Money?
In the end, we think the choice is clear. The 2024 Ford Mustang delivers more power, battery range, and upscale style, making it the best luxury EV SUV for you and your loved ones.