5 Reasons to Buy a 2022 Hyundai Ioniq 5, Not a Chevy Bolt EUV

Hyundai is aiming to make waves in the electric vehicle space with the 2022 Hyundai Ioniq 5. The South Korean automaker is marketing its all-new model as a superior and affordable alternative to other all-electric crossover SUVs. But time will tell if it can live up to the competition in this crowded space.

The Ioniq 5 takes on the Volkswagen ID.4, Nissan Ariya, Tesla Model Y, Ford Mustang Mach-E and many more. One of its closest rivals is the Chevrolet Bolt EUV. However, the Ioniq 5 is the better option on a first look. Here are five reasons to consider a 2022 Hyundai Ioniq 5 over a Chevy Bolt EUV.

The 2022 Hyundai Ioniq 5 is eligible for the federal electric vehicle tax credit

Hyundai Ioniq 5 2022 | Hyundai Motor America

The Obama administration helped advance the mass adoption of electric vehicles by signing the Energy Enhancement and Expansion Act of 2008. This law contained a provision that provides consumers with a federal tax credit of $7,500 for the purchase of an electric vehicle.

The catch: the tax credit is only valid for the first 200,000 models of an electric vehicle produced by a manufacturer. This means that purchasing an established electric vehicle, such as the Chevrolet Bolt EUV, no longer qualifies you for the federal tax credit.

However, the 2022 Hyundai Ioniq 5 is eligible for the tax credit. But keep in mind that the longer you wait to buy one, the more you will miss your chance to qualify.

The 2022 Hyundai Ioniq 5 has a longer range than the Chevy Bolt EUV

Scattershot charging infrastructure remains a problem in many parts of the United States. Buyers therefore need electric vehicles with a long range to minimize their risk of getting stuck on the road.

According to consumer reports, the Chevy Bolt EUV’s range is just 243 miles on a full charge. But it’s dwarfed by many of its competitors, including the 2022 Hyundai Ioniq 5, which has a range of 303 miles with a 77.4 kWh battery and motor (98 MPGe according to Consumer Reports).

Home charging equipment and mobile charging stations are indeed helping to fill the infrastructure gap. But it’s better to err on the side of caution by opting for higher-end electric vehicles, especially if you travel frequently.

The Hyundai EV also has a higher towing capacity

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If you were asked which brand had a higher towing capacity, you would probably choose Chevrolet. After all, Chevy is well known for its trucks like the Silverado, which has a towing capacity of nearly seven tons, well above comparables like the Hyundai Santa Cruz. Additionally, the Chevrolet brand is more closely associated with toughness and durability than that of Hyundai.

So it’s probably surprising that the 2022 Hyundai Ioniq 5 has much more towing capacity than the 2,000-pound Chevy Bolt EUV, Consumer Reports notes. In fact, the Bolt EUV wasn’t even designed for towing.

Perhaps future generations of the Bolt EUV will capitalize on Chevrolet’s towing prowess. But if you’re looking at strictly 2022 models and need to tow things frequently, pick the Ioniq 5.

You’ll have more cargo space in the 2022 Hyundai Ioniq 5

In addition to offering greater towing capacity, the Ioniq 5 also has more cargo space. It provides 60.2 cubic feet with the rear seats folded down.

On the other hand, the Chevy Bolt EUV is only 56.9 cubic feet. It’s not bad, but it’s not as much space as the Ioniq 5. And when you’re planning a road trip, every cubic foot counts.

But a federal tax credit and greater range, towing capacity and cargo space aren’t the only reasons the Ioniq 5 is a better buy than the Bolt EUV.

Hyundai offers a better warranty

Electric vehicles haven’t been around for long. And you will find that not every ordinary mechanic can service an electric vehicle. Even if they could, they might have a harder time getting their hands on the parts you need for your electric vehicle quickly. This means more time spent in the repair shop and higher maintenance costs and repair bills.

It is therefore important to pay attention to the warranty coverage of an EV. And in this case, the 2022 Hyundai Ioniq 5 comes out on top with a five-year/60,000-mile warranty, Edmunds reports. The Chevy Bolt EUV only covers three years or 36,000 miles, whichever comes first.

Now the Chevrolet Bolt EUV is a solid vehicle with a lot of advantages. But the Hyundai Ioniq 5 is a better buy if you’re looking for your first or next EV crossover.

RELATED: How Much Does a Fully Charged 2022 Hyundai Ioniq 5 Cost?

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