Gridly
EV Comparison
Hyundai Ioniq 5 Elite vs Volvo EX40 Single Motor: Which Is Better in 2026?
Side-by-side comparison of specs, pricing, range, charging, and features to help you choose the right electric vehicle.
Quick Verdict
The Hyundai Ioniq 5 Elite is slightly more affordable at $76,200. The Hyundai Ioniq 5 Elite offers 110 km more range. The Hyundai Ioniq 5 Elite adds vehicle-to-load.
Side-by-Side Specs
Hyundai
Ioniq 5 Elite
Volvo
EX40 Single Motor
Key Differences
Price
The Hyundai Ioniq 5 Elite starts at $76,200, while the Volvo EX40 Single Motor comes in at $76,990. That is a difference of $790, which could influence your decision if budget is a priority.
Range
The Hyundai Ioniq 5 Elite delivers 570 km of WLTP range compared to 460 km for the Volvo EX40 Single Motor. That gap is significant for longer trips or regional driving.
Charging Speed
The Hyundai Ioniq 5 Elite charges faster with a peak DC rate of 233 kW versus 150 kW. Faster DC charging means less time waiting at public chargers on road trips.
Towing
Both models can tow, but the Volvo EX40 Single Motor has a higher capacity at 1,800 kg versus 1,600 kg.
Vehicle-to-Load (V2L)
The Hyundai Ioniq 5 Elite includes V2L, letting you power appliances, tools, or camping gear directly from the car's battery. The Volvo EX40 Single Motor does not offer this feature.
Which Should You Buy?
Choose the Hyundai Ioniq 5 Elite if...
- ✓ You need more range (570 km vs 460 km)
- ✓ Faster DC charging matters to you (233 kW vs 150 kW)
- ✓ Vehicle-to-load (V2L) for powering devices on the go is important
Choose the Volvo EX40 Single Motor if...
- ✓ You need higher towing capacity (1,800 kg vs 1,600 kg)