5-year running cost · 15,000 km/yr · NSW
Hyundai Ioniq 5VSBMW 320i
The Hyundai Ioniq 5 is cheaper to run — by $21,027 over 5 years (30% lower total cost), driven mostly by energy / fuel.
- 5-yr cheaper total
- $49,768
- Hyundai Ioniq 5
- Saving vs rival
- $21,027
- 30% lower
- Cost per km
- $1
- vs $1
- Saving per year
- $4,205
- on average
Tale of the tape
Headline specs and running costs side by side.
| Metric | ⚡ Hyundai Ioniq 5 | ⛽ BMW 320i |
|---|---|---|
| Driveaway price | $71,900 | $78,900 |
| Powertrain | Electric (BEV) | Petrol · ULP 95 |
| Efficiency | 17.0 kWh/100km | 7.2 L/100km |
| Battery / fuel | 77.4 kWh battery | Petrol · ULP 95 |
| Range | ~390 km real-world | — |
| Annual energy / fuel | $564 | $2,430 |
Run the numbers yourself
interactivePre-loaded with the Hyundai Ioniq 5 and BMW 320i. Adjust the state, annual distance, ownership period and charging mix to match your situation.
EV Running Cost Calculator
Compare the true 5-year ownership cost of an electric car vs its petrol equivalent in Australia.
Ownership period
Electric
Hyundai Ioniq 5
- Energy / Fuel
- $2,818
- Registration
- $2,500
- Insurance
- $6,750
- Servicing
- $1,750
- Depreciation
- $35,950
5-Year Total
$49,768
$1/km · $9,954/yr
Petrol
BMW 320i
- Energy / Fuel
- $11,993
- Registration
- $2,500
- Insurance
- $7,500
- Servicing
- $2,750
- Depreciation
- $20,696
5-Year Total
$45,439
$1/km · $9,088/yr
5-Year Cost Breakdown
Energy / Fuel
Registration
Insurance
Servicing
Depreciation
5-year cost breakdown
Every category, both vehicles, and the difference.
| Category | Hyundai Ioniq 5 | BMW 320i | Difference |
|---|---|---|---|
| Energy / fuel | $2,818 | $12,150 | −$9,332 |
| Registration | $2,500 | $2,500 | — |
| Insurance | $6,750 | $10,000 | −$3,250 |
| Servicing | $1,750 | $2,750 | −$1,000 |
| Depreciation | $35,950 | $43,395 | −$7,445 |
| Total (5 yrs) | $49,768 | $70,795 | $21,027 |
Which is cheaper to run?
Over 5 years of average Australian driving (15,000 km/year in NSW), the Hyundai Ioniq 5 costs $49,768 to own and run, against $70,795 for the BMW 320i. That is a $21,027 difference — about $4,205 a year, or $350 a month.
The single biggest swing is energy / fuel: across 5 years the gap is $9,332. Energy is where electric cars usually win — charging at home (especially on solar or off-peak rates) costs a fraction of petrol per kilometre — while the BMW 320i's higher purchase price can narrow the gap through depreciation.
Estimates use average NSW electricity and fuel prices, typical insurance and servicing for this segment, and a 5-year depreciation model. Your numbers will vary with tariffs, driving style and resale values — use the calculator above for a tailored figure.
FAQ
- Is the Hyundai Ioniq 5 cheaper to run than the BMW 320i?
- Yes. Based on 15,000 km/year over 5 years in NSW, the Hyundai Ioniq 5 costs $49,768 to run versus $70,795 for the BMW 320i — a saving of $21,027 (30%). The biggest difference is energy / fuel.
- How much does it cost to run the Hyundai Ioniq 5 per year in Australia?
- Around $9,954 per year ($1/km), covering energy, registration, insurance, servicing and depreciation at 15,000 km/year in NSW.
- How much can I save switching from the BMW 320i to the Hyundai Ioniq 5?
- About $21,027 over 5 years — roughly $4,205 per year. Use the calculator above to adjust the state, annual distance and charging mix for your situation.