Hyundai Kona Electric vs Mazda CX-5: 5-year cost to own (Australia)

By Ivan H., EVCostIQ · reviewed against our public methodology · every source dated on this page

Over 5 years in Australia (12,000 km/yr), as of July 9, 2026, the Mazda CX-5 stays the cheaper car to own — about $51,866 vs $61,342 for the Hyundai Kona Electric, a $9,476 difference over 5 years.

Novated lease (FBT exemption): for a salary-packaged EV the federal FBT exemption can cut the cost substantially — it depends on your income and tax, so it is not in the totals above. Source: ATO.

Cheaper to own over 5 years · AustraliaMazda CX-5 · $51,866 total · $9,476 less than the Hyundai Kona Electric

Hyundai Kona Electric vs Mazda CX-5 — where the money goes

5-year total cost of ownership by component, by vehicle (AUD). Estimates; sources dated in the methodology.
Cost component	Electric · Hyundai Kona Electric	Petrol · Mazda CX-5
Depreciation (estimated)	$27,134 (44%)	$18,395 (35%)
Charging / fuel	$4,271 (7%)	$7,237 (14%)
↳ of which charging loss	12% (~$513)	—
Maintenance	$4,752 (8%)	$6,402 (12%)
Insurance	$12,725 (21%)	$8,500 (16%)
Financing interest	$8,085 (13%)	$6,957 (13%)
Registration & fees	$4,375 (7%)	$4,375 (8%)
Total cost of ownership	$61,342	$51,866

When does the Hyundai Kona Electric win?

The Mazda CX-5 wins decisively here — $9,476 cheaper over 5 years; at typical assumptions this isn't a close call.

No realistic annual distance flips this verdict — the Mazda CX-5 stays the cheaper car at every distance we model.

What decides the Hyundai Kona Electric vs Mazda CX-5 verdict

The single biggest mover is depreciation: $27,134 on the Hyundai Kona Electric against $18,395 on the Mazda CX-5, an $8,739 gap in the Mazda CX-5's favor — the largest slice of the $9,476 verdict. On the Hyundai Kona Electric, depreciation alone is 44% of its $61,342 total; on the Mazda CX-5 it is 35% of $51,866.

Insurance: Hyundai Kona Electric $12,725, Mazda CX-5 $8,500 — $4,225 more in the Mazda CX-5's favor.
Energy: $4,271 of charging for the Hyundai Kona Electric vs $7,237 of petrol for the Mazda CX-5 — $2,966 the other way, to the Hyundai Kona Electric.
Maintenance: Hyundai Kona Electric $4,752, Mazda CX-5 $6,402 — $1,650 the other way, to the Hyundai Kona Electric.

The Hyundai Kona Electric's best answer is energy — $2,966 back the other way — which covers 31% of the Mazda CX-5's $9,476 lead. The Hyundai Kona Electric starts $6,000 behind the Mazda CX-5 at the dealer, and ownership widens it — the 5-year gap grows to $9,476. The Mazda CX-5 is ahead by $3,241 after the first year and more than doubles that lead — $9,476 by year 5.

Hyundai Kona Electric vs Mazda CX-5, side by side

Electric