The Tesla Model Y and the Hyundai Ioniq 5 are two of the hottest electric SUVs on the market. Adding to their appeal, both SUVs were recently updated. The 2026 Model Y has new styling, higher-quality interior materials and a smoother ride quality. Changes to the 2025 Hyundai Ioniq 5 aren’t as dramatic, but you do get more range, easier-to-use controls and new ways to charge. Which recently updated electric SUV is the better buy? Edmunds’ experts compare them to find out.