2021 Volvo XC40 vs 2022 Hyundai Ioniq 5

2021 Volvo XC40
2021 Volvo XC40
$33,700MSRP
Overview
Overview
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2022 Hyundai Ioniq 5
2022 Hyundai Ioniq 5
$39,700MSRP
Overview
Overview
OverviewShop Now
2021 Volvo XC40
$33,700MSRP
Overview
Overview
OverviewShop Now
2022 Hyundai Ioniq 5
$39,700MSRP
Overview
Overview
OverviewShop Now

Overview

MSRP

$33,700

MSRP

$39,700

Listings

42

Listings

32

Ratings & Reviews

User Reviews
User Reviews

Expert reviews

8.0 out of 10

Expert reviews

9.0 out of 10

2021 Volvo XC40 Reviews Summary

Introduced for the 2019 model year, the Volvo XC40 enters 2021 with one major change—the addition of an all-electric powertrain option. The 2021 Volvo XC40 Recharge is the Scandinavian automaker’s first mass-market pure electric vehicle, in fact.

The Recharge will be sold alongside gasoline versions of the XC40, which carry over largely unchanged, and compete against small luxury crossovers like the Audi Q3, BMW X1, Mercedes-Benz GLA-Class, and Lexus UX. With its electric powertrain, the Recharge is a de facto Tesla Model Y competitor. It’s also priced similar to high-end versions of the Ford Mustang Mach-E, although the two electric crossovers have somewhat different philosophies.

In addition to that zero-emission powertrain, the Recharge gets an Android-based operating system, over-the-air (OTA) software update capability for all vehicle systems, and some updates to driver-assist tech. These changes don’t apply to gasoline 2021 XC40 models, but Volvo does plan to add the Android operating system to more vehicles in the future.

Since the Recharge is the main new thing for the 2021 XC40, that’s what we focused on for this review. While the gasoline XC40 is available in three trim levels—Momentum, R-Design, and Inscription—with standard all-wheel drive (AWD) in Canada, the Recharge is only offered in a single trim level.

2022 Hyundai Ioniq 5 Reviews Summary

The Hyundai Ioniq 5 is the automaker’s debut electric vehicle from its new sub-brand that focuses solely on battery electric-powered and eco-friendly mobility. The all-new Ioniq 5 is chock full of battery technology, smart car connectivity, advanced safety, and unique design all at a price point that appeals to the masses.
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Popular Features & Specs

Engine

2.0L 187 hp I4

Engine

168 hp Electric

Drive Train

FWD

Drive Train

RWD

Seating Capacity

5

Seating Capacity

5

Horsepower

187 hp @ 4700 rpm

Horsepower

EV Battery Capacity

EV Battery Capacity

58 kWh

MPG City

23

MPG City

127

MPG Highway

32

MPG Highway

94
2021 Volvo XC40
2021 Volvo XC40
$33,700MSRP
Overview
Overview
OverviewShop Now
2022 Hyundai Ioniq 5
2022 Hyundai Ioniq 5
$39,700MSRP
Overview
Overview
OverviewShop Now
2021 Volvo XC40
$33,700MSRP
Overview
Overview
OverviewShop Now
2022 Hyundai Ioniq 5
$39,700MSRP
Overview
Overview
OverviewShop Now

Overview

MSRP
$33,700
$39,700
Listings

Ratings & Reviews

User reviews

4.5

4.6

Expert reviews

8.0 out of 10

Read full review

9.0 out of 10

Read full review
Pros & cons
Summary

Introduced for the 2019 model year, the Volvo XC40 enters 2021 with one major change—the addition of an all-electric powertrain option. The 2021 Volvo XC40 Recharge is the Scandinavian automaker’s first mass-market pure electric vehicle, in fact.

The Recharge will be sold alongside gasoline versions of the XC40, which carry over largely unchanged, and compete against small luxury crossovers like the Audi Q3, BMW X1, Mercedes-Benz GLA-Class, and Lexus UX. With its electric powertrain, the Recharge is a de facto Tesla Model Y competitor. It’s also priced similar to high-end versions of the Ford Mustang Mach-E, although the two electric crossovers have somewhat different philosophies.

In addition to that zero-emission powertrain, the Recharge gets an Android-based operating system, over-the-air (OTA) software update capability for all vehicle systems, and some updates to driver-assist tech. These changes don’t apply to gasoline 2021 XC40 models, but Volvo does plan to add the Android operating system to more vehicles in the future.

Since the Recharge is the main new thing for the 2021 XC40, that’s what we focused on for this review. While the gasoline XC40 is available in three trim levels—Momentum, R-Design, and Inscription—with standard all-wheel drive (AWD) in Canada, the Recharge is only offered in a single trim level.

The Hyundai Ioniq 5 is the automaker’s debut electric vehicle from its new sub-brand that focuses solely on battery electric-powered and eco-friendly mobility. The all-new Ioniq 5 is chock full of battery technology, smart car connectivity, advanced safety, and unique design all at a price point that appeals to the masses.
Video
No video found
No video found

Popular Features & Specs

Engine
2.0L 187 hp I4
168 hp Electric
Drive Train
FWD
RWD
Seating Capacity
5
5
Horsepower
187 hp @ 4700 rpm
EV Battery Capacity
58 kWh
MPG City
23
127
MPG Highway
32
94
Look and feel

2021 Volvo XC40

9/10

2022 Hyundai Ioniq 5

8/10

The 2021 Volvo XC40 presented a more traditional SUV aesthetic, characterized by its tall, flat roof and upright rear hatch, aligning seamlessly with the rest of Volvo's lineup. Signature design elements like the “Thor’s Hammer” LED headlights and a simple oval grille contributed to its classic appeal. The gasoline models offered a retro touch with a white contrasting roof. The XC40 Recharge, however, distinguished itself with a blanked-off grille, subtle “Recharge” badging, and unique alloy wheels. It featured a gloss black roof and mirror caps, a modified rear bumper, and a model-exclusive Sage Green Metallic colour. The interior was minimalist yet luxurious, with high-quality materials such as Nappa leather and Nubuck textile, and a coherent design that integrated elements like the portrait-oriented touchscreen and air vents into a harmonious whole.

In contrast, the 2022 Hyundai Ioniq 5 was a bold leap into the future of electrified mobility, with a design that was both polished and concept-like. Its exterior was a study in minimalism, with character lines that were subtle yet impactful. The Parametric Pixel design was a standout feature, with pixelated LED lights creating a futuristic aesthetic. The interior, however, was a sanctuary of calm, embodying Hyundai's “Living Space” theme. It offered a mellow yet comfortable environment, with features like a “Relaxation” mode for the driver’s seat and sustainable materials throughout. The Ioniq 5's cabin was designed for comfort and utility, with a flat floor and a moveable centre console that enhanced its spaciousness.

Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Picture of 2021 Volvo XC40
Performance

2021 Volvo XC40

8/10

2022 Hyundai Ioniq 5

8/10

The 2021 Volvo XC40 offered a versatile powertrain lineup, with the electric Recharge model at the top. The gasoline variants featured a 2.0-litre turbocharged four-cylinder engine, with the T4 producing 187 horsepower and 221 pound-feet of torque, and the T5 delivering 248 hp and 258 lb-ft. The Recharge model shared its powertrain with the Polestar 2, boasting dual electric motors for all-wheel drive, a combined 402 hp, and 486 lb-ft of torque. It was powered by a 78-kilowatt-hour battery pack, providing a 0 to 100 km/h time of 4.9 seconds. The XC40 emphasized luxury and comfort, with excellent ride quality and the option for one-pedal driving. It also had a towing capacity of 900 kilograms.

The 2022 Hyundai Ioniq 5, available in Canada with two drive configurations and three powertrains, offered a base model with a single 125-kW rear-mounted electric motor, producing 168 horsepower and a range of 354 kilometres. The Preferred long-range variant featured a 168-kW rear motor with 225 hp and 258 lb-ft of torque, offering a range of 488 kilometres. The AWD version had a dual-motor system with a total power of 320 hp and 446 lb-ft of torque, with a range of 414 km. The Ioniq 5 was equipped with four drive modes, including Sport, which added excitement but reduced range. It featured paddle shifters for adjusting regenerative braking and focused on reducing noise, vibration, and harshness for a quiet ride.

Form and function

2021 Volvo XC40

7/10

2022 Hyundai Ioniq 5

9/10

The 2021 Volvo XC40, while not particularly spacious, offered clever storage solutions to compensate for its limited interior space. It had less legroom and headroom compared to competitors like the Tesla Model Y and Ford Mustang Mach-E. The XC40's frunk was small, with much of the space occupied by powertrain hardware. However, Volvo's innovative storage solutions included a removable trash bin in the centre console, a bag hook in the glovebox door, and extra-large door bins due to the relocation of the audio system's speakers.

The 2022 Hyundai Ioniq 5, built on the Electric Global Modular Platform (E-GMP), maximized interior space with a longer wheelbase than the seven-passenger Palisade. It offered a total interior volume of 3,786 litres, surpassing competitors like the Ford Mustang Mach-E and Volkswagen ID.4. The Ioniq 5 prioritized passenger comfort with features like a moveable centre console and a flat floor, allowing for easy entry and exit. The leatherette seats were comfortable and supportive, catering to both slim and larger drivers.

Technology

2021 Volvo XC40

8/10

2022 Hyundai Ioniq 5

10/10

The 2021 Volvo XC40 Recharge featured the Android Automotive OS infotainment system, offering Google apps like Google Assistant and Google Maps. It included a 9-inch touchscreen and a 12.3-inch digital instrument cluster, with top-notch graphics and menu layouts. The Recharge model also had OTA update capability, allowing for software updates without visiting a dealership. It lacked a start button, instead relying on a key fob for operation.

The 2022 Hyundai Ioniq 5 boasted advanced technology, including a high-voltage, energy-dense system with vehicle-to-load capabilities. It supported ultra-fast charging, reaching 80 percent battery capacity in 18 minutes. The Ioniq 5 featured a redesigned Blue Link app, Android Auto, Apple CarPlay, and over-the-air updates. Its 12.3-inch screens for the instrument cluster and infotainment system were elegant and intuitive, with an anti-glare coating for clear visibility.

Safety

2021 Volvo XC40

9/10

2022 Hyundai Ioniq 5

10/10

The 2021 Volvo XC40 received top safety ratings, with the gasoline model earning a “Top Safety Pick+” from the IIHS and a five-star overall rating from the NHTSA. It came with a comprehensive list of standard safety features, including lane-keep assist, blind-spot monitoring, and automatic emergency braking. The Recharge model featured Volvo’s latest sensor suite, scalable for future driver aids.

The 2022 Hyundai Ioniq 5 was equipped with Hyundai SmartSense, a suite of advanced driving assistance systems. It included features like lane keeping assist, blind-spot monitoring, and forward collision avoidance. The Ioniq 5 also offered Hyundai Highway Drive Assist I, a Level 2 semi-autonomous driving system with machine-learning adaptive cruise control. It featured a head-up display with augmented reality overlays, although it could be distracting in use.

Cost Effectiveness

2021 Volvo XC40

undefined/10

2022 Hyundai Ioniq 5

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N/A

CarGurus highlights

Winning Vehicle Image

According to CarGurus experts, the overall rating for the 2021 Volvo XC40 is 8.0 out of 10, while the 2022 Hyundai Ioniq 5 scores 9.0 out of 10. Based on these ratings, the Hyundai Ioniq 5 is the recommended choice, offering a more advanced and spacious electric vehicle experience with cutting-edge technology and safety features.

CarGurus highlights

Winning Vehicle Image

According to CarGurus experts, the overall rating for the 2021 Volvo XC40 is 8.0 out of 10, while the 2022 Hyundai Ioniq 5 scores 9.0 out of 10. Based on these ratings, the Hyundai Ioniq 5 is the recommended choice, offering a more advanced and spacious electric vehicle experience with cutting-edge technology and safety features.

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By: CarGurus + AI

At CarGurus, our team of experienced automotive writers remain at the heart of our content operation, conducting hands-on car tests and writing insightful guides that are backed by years of industry experience. To complement this, we are harnessing AI to make our content offering more diverse and more helpful to shoppers than ever. To achieve this, our AI systems are based exclusively on CarGurus content, ratings and data, so that what we produce is both unique to CarGurus, and uniquely helpful to car shoppers.

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