[13] Its design was previewed by the Hyundai 45 EV Concept which was presented at the Frankfurt Motor Show in September 2019.

Both the concept car and the production version are inspired by the original Hyundai Pony,[14] and features the Parametric Pixel design that is applied to the headlights, tail lights, and wheels.

[16] At the time, Hyundai called the design language "sensuous sportiness" and described the front and rear lights as carrying a "kinetic cube" theme.

[20] The dashboard of the Ioniq 5 is made up of two 12-inch screens: a instrument cluster display and the touchscreen infotainment system, both under one piece of glass.

[21] The Ioniq 5 also features a front boot (alternatively called a frunk), which has a 57 L (2.01 cu ft) capacity for the RWD version (except North America), while the AWD model and all North American versions have a 24 L (0.848 cu ft) capacity, due to the extra mechanical components underneath to support the front electric motor.

Hyundai equipped the Ioniq 5 N with an N Grin Boost mode, allowing a maximum output of 478 kW (650 PS; 641 hp) and 770 N⋅m (78.5 kg⋅m; 568 lb⋅ft) of torque being released for 10 seconds.

An N e-shift function emulates the feel of a 8-speed dual-clutch automatic transmission, by controlling motor torque to simulate the jolt between shifts.

[31] Each racing team will have access to a special version of the Sound+ system, and drivers will be able to use N Grin Boost for extra power during overtakes, and N e-shift to add virtual gears.

The Ioniq 5 eN1 Cup will start racing in late April 2024 in its own one-make EV series during the Hyundai N Festival in Korea.

[52] A Standard Range model with a 58 kWh battery and a power output of 125 kW (170 PS; 168 hp) was released in spring 2022.

[51] Specific to the American and Canadian Ioniq 5, the vehicle is equipped a marker inside the headlamps, and tail lamps that blink completely as turn indicators.

The trim retailed at C$44,999, just below the C$45,000 threshold required (before April 2022) for the entire Ioniq 5 line-up to be eligible for Canada's Incentives for Zero-Emission Vehicles (iZEV) credit.

Described as a "compliance" trim, it is the only Ioniq 5 not equipped with a DC fast charge capability in the world.

In addition to the changes from the global market Ioniq 5 such as revised styling and larger battery size, the model also adopted the North American Charging Standard (NACS) port and became available with more rugged XRT variant.

[66] Following multiple introductions since 26 October 2021,[67] the Indonesian market Ioniq 5 was revealed on 31 March 2022 during the 29th Indonesia International Motor Show, with pre-orders began in 1 April 2022.

[74] On 13 September 2023, the Ioniq 5 received an update to include BlueLink telematics system as standard on all variants.

[75] A limited edition variant called the Batik was unveiled in February 2024 at the 31st Indonesia International Motor Show.

[76] Hence by its name, the variant sported several accents inspired by the traditional Indonesian batik culture, particularly the Kawung motif, featured on both of its exterior and interior.

Assembled in the country, the Indian model is solely powered by a 72.6 kWh battery with 160 kW (218 PS; 215 hp) and rear-wheel drive.

[85][86] The Ioniq 5 N was launched in the Philippines on 5 April 2024 as a fully imported model, alongside the Elantra N, as part of Hyundai N's arrival in the country.

[95][96] Lyft began offering transport by driverless Ioniq 5 Robotaxis on the Las Vegas Strip on 16 August 2022.

Since late 2023, the Ioniq 5 Robotaxi are assembled at the Hyundai Motor Group Innovation Centre in Singapore (HMGICS) facility to be exported to the US.

[99] A modified version of the Ioniq 5 was showcased by Hyundai Mobis at the 56th Consumer Electronics Show in Las Vegas in January 2023.

It features an in-wheel motor design that also integrates brake and steer by wire technology as well as an electric damper into a single package.