Hyundai Ioniq 5 (RWD Long Range) cost to own in Canada — the true 5-year total
The Hyundai Ioniq 5 (RWD Long Range) starts at $55,499. Over 5 years, owning one (EV) costs about $64,555 in Canada as of July 2, 2026 — $1,076/month, $0.86/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and registration. That's $11,568 more than a comparable Honda CR-V Hybrid over the same 5 years.
Hyundai Ioniq 5 (RWD Long Range) incentives & grants
Canada EVAP: up to $5,000 off an eligible new EV ($2,500 PHEV); Quebec / BC may add more. Shown for reference; not in the totals above. Source: Transport Canada.
Hyundai Ioniq 5 (RWD Long Range) · Canada · 5-year estimate$64,555 total · $1,076/mo · $0.86/km
Where the money goes
| Cost component | Electric · Hyundai Ioniq 5 | Hybrid · Honda CR-V Hybrid |
|---|---|---|
| Depreciation (estimated) | $32,189 (50%) | $20,647 (39%) |
| Charging / fuel | $3,090 (5%) | $8,064 (15%) |
| ↳ of which charging loss | 12% (~$371) | — |
| Maintenance | $3,248 (5%) | $4,500 (8%) |
| Insurance | $15,655 (24%) | $11,750 (22%) |
| Financing interest | $9,874 (15%) | $7,526 (14%) |
| Registration & fees | $500 (1%) | $500 (1%) |
| Total cost of ownership | $64,555 | $52,987 |
Hyundai Ioniq 5 (RWD Long Range) specs & assumptions
- Starting price
- $55,499manufacturer
- Powertrain
- Electric
- Efficiency
- 16.9 kWh/100kmNRCan
- Range
- 504 kmNRCan
- Canada electricity
- 16.50c/kWhprovincial utilities
- Annual km (assumed)
- 15,000Canada average
Compare the Hyundai Ioniq 5 (RWD Long Range) against any car, your km & your scenario
What the numbers say
The Hyundai Ioniq 5 (RWD Long Range) costs about $64,555 to own over 5 years in Canada — $1,076/month, $0.86/km at 15,000 km/yr — and depreciation is the biggest line: $32,189, 50% of the total (as of July 2, 2026).
- The Honda CR-V Hybrid wins decisively here — $11,568 cheaper over 5 years; at typical assumptions this isn't a close call.
- No realistic annual distance flips this verdict — the Honda CR-V Hybrid stays the cheaper car at every distance we model.
- On cost per month the Hyundai Ioniq 5 (RWD Long Range) ranks #17 of 17 compact SUV models we track in Canada.
- Where the Hyundai Ioniq 5 (RWD Long Range)'s $64,555 actually goes: depreciation $32,189 (50%), insurance $15,655 (24%), financing interest $9,874 (15%), maintenance $3,248 (5%), charging $3,090 (5%), registration & fees $500 (1%).
- Per km, that is $0.43 of depreciation and $0.04 of charging, with $0.39 for everything else — $0.86/km all-in.
- Charging vs the fleet: at $3,090 over 5 years the Hyundai Ioniq 5 (RWD Long Range) sits within $73 of the $3,163 median for the 21 EVs we price — nothing unusual either way.
What we assume for maintenance
Assumed $650/yr for an EV at 15,000 km/yr — about $3,248 of the 5-year total above. On this market's assumptions an EV runs about $525/yr less in maintenance than a gas car ($650 vs $1,175). See the methodology for sources; adjustable in the calculator.
Hyundai Ioniq 5 (RWD Long Range) battery — replacement cost & lifespan
Most EVs never need a battery replacement inside the manufacturer's battery warranty, so this is not in the 5-year total above — but it's the cost buyers ask about most, so here it is transparently. US-sourced replacement pricing (recharged.com); local pricing varies.
- Out-of-warranty replacement
- US$11,500–US$16,500US-sourced estimate
- Battery warranty (US terms)
- 10 yr / 100,000 mimanufacturer · local terms may differ
- Typical lifespan
- ~15 yrindustry est.
Cost to charge the Hyundai Ioniq 5 (RWD Long Range) at home
The Hyundai Ioniq 5 (RWD Long Range) runs about $3.17 per 100 km at home — versus about $11.76 for a typical 7 L/100km petrol car. Home charging only (the ~12% AC charging loss is included); public DC fast-charging is billed per session by each network — often 2–3× the home rate — and isn't in these figures.
- Per 100 km at home
- $3.1716.9 kWh/100km + 12% charging loss × $0.17/kWh
- A typical 7 L/100km petrol car
- $11.76/100kmat $1.68/L — for comparison