How much does it cost to run the Hyundai Ioniq 5 per year in Australia?

Around $9,954 per year, or $1/km, based on 15,000 km/year in NSW. That covers charging, registration, insurance, servicing and depreciation.

How much does it cost to charge the Hyundai Ioniq 5?

Energy averages about $564 a year at 15,000 km with a mix of home, solar and public charging. Charging at home overnight (or on solar) is by far the cheapest option.

What is the 5-year running cost of the Hyundai Ioniq 5?

About $49,768 over 5 years at 15,000 km/year in NSW, of which roughly $35,950 is depreciation and $2,818 is charging.

Is the Hyundai Ioniq 5 cheaper to run than the Toyota RAV4 GX 2.0?

On pure running costs the gap is small over 5 years; the Hyundai Ioniq 5's lower energy and servicing costs are partly offset by its higher purchase price and depreciation. The calculator above shows the full picture for your situation.

⚡ BEVSUV2024

Hyundai Ioniq 5

From $71,900 driveaway · about $9,954/year to run

Battery: 77.4 kWh
Range (real): ~390 km
Efficiency: 17.0 kWh/100km
Cost per km: $1

Vs the Toyota RAV4 GX 2.0, the Hyundai Ioniq 5 costs about $7,129 more over 5 years — its higher purchase price offsets lower running costs. The gap narrows the more you drive.

Annual running cost

$9,954/year

At 15,000 km/year in NSW. 5-year total: $49,768.

Energy (charging)Home + public charging$564

RegistrationState-based, EV rates$500

InsuranceSegment average$1,350

ServicingNo oil changes, fewer parts$350

DepreciationResale value loss$7,190

EVs skip oil changes and have far fewer moving parts, so servicing is typically about $350/year. For typical repair and servicing prices on Australian cars, see AutoRepairCost.

Customise the calculation

interactive

Pre-loaded with the Hyundai Ioniq 5. Change the state, distance, ownership period and charging mix to see your real numbers.

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 Toyota RAV4 GX 2.0 — 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

Toyota RAV4 GX 2.0

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 Toyota RAV4 GX 2.0 in detail See all Hyundai running costs

Vs comparable petrol cars

5-year running cost against 3 petrol alternatives, same assumptions.

Vehicle	5-yr cost	Per km	Vs Ioniq 5
⚡ Hyundai Ioniq 5	$49,768	$1	—
⛽ Toyota RAV4 GX 2.0	$42,639	$1	−$7,129
⛽ Hyundai Kona 2.0 MPI	$40,166	$1	−$9,602
⛽ BMW X3 xDrive20i	$79,039	$1	+$29,271

Green = the Ioniq 5 is cheaper. Tap any petrol car for the full head-to-head.

FAQ

How much does it cost to run the Hyundai Ioniq 5 per year in Australia?: Around $9,954 per year, or $1/km, based on 15,000 km/year in NSW. That covers charging, registration, insurance, servicing and depreciation.
How much does it cost to charge the Hyundai Ioniq 5?: Energy averages about $564 a year at 15,000 km with a mix of home, solar and public charging. Charging at home overnight (or on solar) is by far the cheapest option.
What is the 5-year running cost of the Hyundai Ioniq 5?: About $49,768 over 5 years at 15,000 km/year in NSW, of which roughly $35,950 is depreciation and $2,818 is charging.
Is the Hyundai Ioniq 5 cheaper to run than the Toyota RAV4 GX 2.0?: On pure running costs the gap is small over 5 years; the Hyundai Ioniq 5's lower energy and servicing costs are partly offset by its higher purchase price and depreciation. The calculator above shows the full picture for your situation.