Is the Hyundai Ioniq 5 cheaper to run than the BMW X3 xDrive20i?

Yes. Based on 15,000 km/year over 5 years in NSW, the Hyundai Ioniq 5 costs $49,768 to run versus $79,039 for the BMW X3 xDrive20i — a saving of $29,271 (37%). The biggest difference is depreciation.

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 X3 xDrive20i to the Hyundai Ioniq 5?

About $29,271 over 5 years — roughly $5,854 per year. Use the calculator above to adjust the state, annual distance and charging mix for your situation.

5-year running cost · 15,000 km/yr · NSW

Hyundai Ioniq 5VSBMW X3 xDrive20i

The Hyundai Ioniq 5 is cheaper to run — by $29,271 over 5 years (37% lower total cost), driven mostly by depreciation.

5-yr cheaper total: $49,768; Hyundai Ioniq 5
Saving vs rival: $29,271; 37% lower
Cost per km: $1; vs $1
Saving per year: $5,854; on average

Tale of the tape

Headline specs and running costs side by side.

Metric	⚡ Hyundai Ioniq 5	⛽ BMW X3 xDrive20i
Driveaway price	$71,900	$89,900
Powertrain	Electric (BEV)	Petrol · ULP 95
Efficiency	17.0 kWh/100km	8.5 L/100km
Battery / fuel	77.4 kWh battery	Petrol · ULP 95
Range	~390 km real-world	—
Annual energy / fuel	$564	$2,869

Run the numbers yourself

interactive

Pre-loaded with the Hyundai Ioniq 5 and BMW X3 xDrive20i. 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.

⚡ Electric vehicle

⛽ Petrol equivalent

Annual distance15,000 km

Ownership period

State / Territory

EV charging mix

Home (grid)70%

Public charger20%

Home solar10%

Total: 100%

Over 5 years, the Hyundai Ioniq 5 costs $4,329 more than the BMW X3 xDrive20i — but fuel savings grow every year.

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 X3 xDrive20i

CHEAPER

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

💰 YOU SAVE $4,329

5-Year Cost Breakdown

Energy / Fuel

$2,818

PET

$11,993

Registration

$2,500

PET

$2,500

Insurance

$6,750

PET

$7,500

Servicing

$1,750

PET

$2,750

Depreciation

$35,950

PET

$20,696

Compare Hyundai Ioniq 5 vs BMW X3 xDrive20i in detail See all Hyundai running costs

5-year cost breakdown

Every category, both vehicles, and the difference.

Category	Hyundai Ioniq 5	BMW X3 xDrive20i	Difference
Energy / fuel	$2,818	$14,344	−$11,526
Registration	$2,500	$2,500	—
Insurance	$6,750	$10,000	−$3,250
Servicing	$1,750	$2,750	−$1,000
Depreciation	$35,950	$49,445	−$13,495
Total (5 yrs)	$49,768	$79,039	$29,271

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 $79,039 for the BMW X3 xDrive20i. That is a $29,271 difference — about $5,854 a year, or $488 a month.

The single biggest swing is depreciation: across 5 years the gap is $13,495. 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 X3 xDrive20i'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 X3 xDrive20i?: Yes. Based on 15,000 km/year over 5 years in NSW, the Hyundai Ioniq 5 costs $49,768 to run versus $79,039 for the BMW X3 xDrive20i — a saving of $29,271 (37%). The biggest difference is depreciation.
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 X3 xDrive20i to the Hyundai Ioniq 5?: About $29,271 over 5 years — roughly $5,854 per year. Use the calculator above to adjust the state, annual distance and charging mix for your situation.