Is the 2024 Hyundai IONIQ 5 reliable?

The 2024 Hyundai IONIQ 5 has 338 complaints filed with NHTSA (0.6x the segment average). Our reliability verdict: above-average. Most common issue: ELECTRICAL problems.

What are common problems with the 2024 Hyundai IONIQ 5?

Top problems: ELECTRICAL (174 complaints, avg repair $500); FUEL SYSTEM (50 complaints, avg repair $500); TRANSMISSION (36 complaints, avg repair $500). Issues typically appear around 50K miles.

Are there any recalls on the 2024 Hyundai IONIQ 5?

Yes, there are 2 recall(s): ELECTRICAL SYSTEM:12V/24V/48V BATTERY, ELECTRICAL SYSTEM:12V/24V/48V BATTERY. Contact any Hyundai dealer to verify if recalls have been completed on your specific vehicle.

How much does it cost to charge a 2024 Hyundai IONIQ 5?

The 2024 Hyundai IONIQ 5 has an EPA rating of 99 MPGe. At the current US average residential electricity rate, driving 12,000 miles per year costs roughly $776. State rates vary significantly — see the interactive calculator on this page.

How much does it cost to insure a 2024 Hyundai IONIQ 5?

Estimated US average full-coverage insurance for the 2024 Hyundai IONIQ 5 is approximately $2,272/year (ev-mainstream class). Actual quotes vary heavily by state, driver age, driving record, and credit — see the interactive insurance estimator on this page for state-specific pricing.

Does the 2024 Hyundai IONIQ 5 qualify for tax credits?

The federal EV tax credit (Section 30D) expired for vehicles acquired after September 30, 2025. If purchased before that date, the 2024 Hyundai IONIQ 5 may still qualify on the 2025 tax return. State-level incentives remain active in 13+ states — see the incentives section on this page for details.

2024 Hyundai IONIQ 5

Problems, Recalls & Reliability Report

Above Average

Quick Summary

The 2024 Hyundai IONIQ 5 has 338 owner complaints filed with NHTSA — that's 0.6x the segment average of 608. The most common issue is electrical problems (51% of all complaints), specifically: another complain for investigation pe 23-011. first car was doa, second had an exploding pop sound and no longer charges, car is no longer usable, only 200 miles.. There are 2 recalls issued for this model year.

10 crash reports

338

Total Complaints

Recalls Issued

—/5

Safety Stars

0.6x

vs Segment Avg

Known Problems(top 5 of 8)

ELECTRICAL

174 complaints

51%

• Another complain for investigation PE 23-011. First car was DOA, second had an exploding pop sound and no longer charges, car is no longer usable, only 200 miles.
• 1. Uncertain which part failed. 2. safety was put at risk due to car not able to accelerate. Car would not go over 20 miles an hour on the interstate access road where traffic was going by at 50 –60 mph - four-way flashers were on and had to pull off at the first available turn but it was scary 3.
• The contact owns a 2024 Hyundai Ioniq 5. The contact received notification of NHTSA Campaign Number: 24V204000 (Electrical System) however, the part to do the recall repair was not yet available. The local dealer was not contacted. The contact stated that the manufacturer had exceeded a reasonable a

Typical onset: 50K miles Est. repair: $500💥 2 crashes

“Another complain for investigation PE 23-011. First car was DOA, second had an exploding pop sound and no longer charges, car is no longer usable, only 200 miles.”

— NHTSA complaint filing

Recalls (2)

ELECTRICAL SYSTEM:12V/24V/48V BATTERY15/03/2024

Hyundai Motor America (Hyundai) is recalling certain 2022-2024 IONIQ 5, 2023-2024 IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis G80 "Electrified" vehicles. The Integrated Charging Control Unit (ICCU) may become damaged and stop charging the 12-Volt battery, which can result in a loss of drive power.

Risk: A loss of drive power increases the risk of a crash.

Fix: This recall is replaced by NHTSA recall number 24V-868. Vehicles already repaired under this recall will need to have the new remedy completed. Dealers will inspect and replace the ICCU and its fuse, as necessary. In addition, dealers will update the ICCU software. All repairs will be performed free of charge. Owner notification letters were mailed April 22, 2024. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's number for this recall is 257/021G.

Charging Cost Calculator for 2024 Hyundai IONIQ 5

Live EIA prices

Annual miles driven: 12,000

Your state (affects local electricity price)

Per year

$769

Per month

$64

Per mile

6.4¢

kWh/mi

0.34

Based on EPA fuel-economy ratings and EIA weekly retail prices (2026-07-20). Real-world cost varies with driving style, trim/engine, terrain, and traffic.

Estimated Insurance Cost for 2024 Hyundai IONIQ 5

Estimate only, not a quote. Modeled from NAIC + HLDI averages for a hypothetical 35-year-old driver with clean record + full coverage. Your actual quote depends heavily on your age, driving history, credit, ZIP code, and insurer.

Your state (affects local premium average)

Full coverage / year

$2,272

Full coverage / month

$189

Liability only / year

$679

vs US avg

+36%

How this estimate is calculated

US base full-coverage premium$1674

× state (US)1.00x

× vehicle class (ev-mainstream)1.18x

× theft risk1.00x

× safety rating1.00x

× vehicle age1.15x

= Full coverage estimate$2272

Coverage assumed: 100/300/100 liability + comprehensive/collision, $500 deductibles. Data sources: NAIC 2024 + HLDI loss studies.

Maintenance & Warranty

Recommended Hyundai IONIQ 5 Service Intervals

Oil change

8K mi / 12 mo

Tire rotation

8K mi

Brake fluid

24 months

Transmission fluid

60K mi

Engine coolant

60K mi

Spark plugs

90K mi

Cabin air filter

15K mi

Engine air filter

30K mi

Differential (AWD/4WD)

60K mi

Turbo engines (1.6T, 2.0T) need premium fuel and more frequent oil (some owners service at 5,000 miles).

"Severe service" conditions (heavy towing, extreme temps, city stop-and-go) typically halve these intervals. Always consult your vehicle's owner's manual for the authoritative schedule.

Hyundai New-Vehicle Warranty Coverage

Bumper-to-bumper (basic)

5 yr / 60K mi

Powertrain

10 yr / 100K mi

Hybrid/EV battery

10 yr / 100K mi

Corrosion (rust perforation)

7 yr / unlimited mi

Roadside assistance

5 yr / unlimited mi

10 years/100K powertrain warranty is transferable only to first purchaser after initial owner

EV Incentives for 2024 Hyundai IONIQ 5

Updated 2026-07

Federal Tax Credit (Section 30D) — Expired 2025-09-30

Section 30D new clean vehicle credit ($7,500 max) expired for vehicles acquired after Sept 30, 2025 per Public Law (One Big Beautiful Bill Act). Vehicles acquired on or before that date remain eligible on the buyer's 2025 return. No federal purchase credit exists for post-9/30/2025 acquisitions.

Historic eligibility: 2024 Hyundai IONIQ 5 vehicles purchased on or before September 30, 2025 may still qualify for the federal credit on the 2025 tax return. Check with a tax professional for your specific vehicle's eligibility.

State-Level Incentives (Still Active in 14 States)

CaliforniaUp to $12,000

Clean Cars 4 All

ColoradoUp to $5,000

Innovative Motor Vehicle Credit

ConnecticutUp to $4,250

CHEAPR (Connecticut Hydrogen and Electric Automobile Purchase Rebate)

DelawareUp to $2,500

Clean Vehicle Rebate

IllinoisUp to $4,000

Illinois EV Rebate Program

MarylandUp to $3,000

Excise Tax Credit for Plug-in Electric Vehicles

MassachusettsUp to $3,500

MOR-EV

New JerseyUp to $4,000

Charge Up New Jersey

New YorkUp to $2,000

Drive Clean Rebate

OregonUp to $7,500

Oregon Clean Vehicle Rebate

PennsylvaniaUp to $3,000

Alternative Fuel Vehicle (AFV) Rebate Program

Rhode IslandUp to $2,500

DRIVEEV

TexasUp to $2,500

Light-Duty Motor Vehicle Purchase or Lease Incentive

VermontUp to $5,000

Incentive Program for New Electric Vehicles

See full state-by-state EV incentive details

Source: US Department of Energy Alternative Fuels Data Center + state DOR / DEQ program pages. Program details and eligibility limits change frequently — always verify with the linked source before purchase.

Estimated Repair Costs

ELECTRICAL(~50K mi)

$500

FUEL SYSTEM(~50K mi)

$500

TRANSMISSION(~50K mi)

$500

ENGINE(~50K mi)

$500

OTHER(~50K mi)

$500

Estimates based on average reported repair costs. Actual costs vary by location, shop, and severity.

🔍 Pre-Purchase Inspection Checklist

Based on 338 owner complaints for this specific year, here's what to check or ask about:

☐
ELECTRICAL: Another complain for investigation PE 23-011. First car was DOA, second had an exploding pop sound and no longer charges, car is no longer usable, only 200 miles.
Typically appears around 50K miles. Repair cost ~$500
☐
FUEL SYSTEM: 1. Uncertain which part failed. 2. safety was put at risk due to car not able to accelerate. Car would not go over 20 miles an hour on the interstate access road where traffic was going by at 50 –60 mph - four-way flashers were on and had to pull off at the first available turn but it was scary 3.
Typically appears around 50K miles. Repair cost ~$500
☐
TRANSMISSION: When driving in i-Pedal, which is a "one pedal driving option", sometimes after pausing the car rolls backs several inches. This appears to be a defect with the powetrain, regenerative braking engine, or otherwise. Hyundai's dealership has been advised of this issue; they have escalated this interna
Typically appears around 50K miles. Repair cost ~$500
☐
ENGINE: The car lost propulsion and displayed Check Vehicle Electric System. Now the it’s sitting at the dealership for over 30 days waiting for parts.
Typically appears around 50K miles. Repair cost ~$500
☐
RECALLS: Verify all 2 recalls have been completed — free at any Hyundai dealer
☐
General: Get a pre-purchase inspection from an independent mechanic ($100-$200)