The Ioniq 5 rides on Hyundai's E-GMP platform, an 800-volt dedicated EV architecture shared with the Kia EV6 and Genesis GV60. When shopping a used example, the single most important item to verify is the Integrated Charging Control Unit (ICCU). Hyundai issued NHTSA recalls covering 2022-2024 Ioniq 5 models (and 2023-2025 Ioniq 6) for an ICCU defect: under certain electrical loads an internal transistor can fail, which can prevent the 12-volt battery from charging and lead to a loss of drive power. A March 2024 recall applied a software update; a second, larger recall in late 2024 added inspection and, where warranted, hardware replacement. Owner forums discuss this issue heavily, and there have been reports of repeat failures even after remedy. Before buying, run the VIN through NHTSA's recall lookup and confirm in writing which ICCU campaign work has been completed and whether the unit was inspected or replaced, not just reflashed.
Beyond the ICCU, decode the trim and drivetrain. Trims run SE, SEL, and Limited, with a Standard Range (58 kWh) battery and a Long Range (77.4 kWh, later 84 kWh) battery, available in RWD or dual-motor AWD. The 2025 refresh brought a larger battery, a native NACS charging port, a long-requested rear wiper, retuned suspension, and US assembly at Hyundai's Georgia "Metaplant." The high-performance Ioniq 5 N arrived for 2025 as a separate, dual-motor performance variant.
Depreciation has been steep on early cars, partly because shifting federal incentive eligibility moved purchase economics around. Earlier imported cars qualified for the federal credit mainly through leasing; once Georgia assembly and US-sourced battery cells met the content rules, eligibility returned for buyers. That history means used 2022-2024 examples can represent strong value, but verify recall status and check for V2L (vehicle-to-load) functionality if that feature matters to you.
