Ioniq 5 has slightly more range than the Model Y Performance I have on order. However, over say 200 miles I think charging speed is more important than just plain range anyway. The Ioniq 5 has an 800V battery vs Tesla's 400V so charges considerably faster. It can also act as a 16A outlet allowing it to power a useful amount of stuff in your home if you have a power cut. Great feature for camping or for just trimming a hedge when you don't have an extension cable long enough
So there is a lot to like here and if Tesla continue on the possessively reductionist path I can see a lot more people being attracted to the alternatives.