Hyundai Ioniq 5 (RWD Long Range) vs Honda CR-V (LX gas FWD): 5-year cost to own (Canada)

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

Over 5 years in Canada (15,000 km/yr), as of July 2, 2026, the Honda CR-V (LX gas FWD) stays the cheaper car to own — about $57,015 vs $64,555 for the Hyundai Ioniq 5 (RWD Long Range), a $7,540 difference over 5 years.

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.

Cheaper to own over 5 years · CanadaHonda CR-V (LX gas FWD) · $57,015 total · $7,540 less than the Hyundai Ioniq 5 (RWD Long Range)

Hyundai Ioniq 5 (RWD Long Range) vs Honda CR-V (LX gas FWD) — where the money goes

5-year total cost of ownership by component, by vehicle (CAD). Estimates; sources dated in the methodology.
Cost component	Electric · Hyundai Ioniq 5	Gas · Honda CR-V
Depreciation (estimated)	$32,189 (50%)	$21,983 (39%)
Charging / fuel	$3,090 (5%)	$9,828 (17%)
↳ of which charging loss	12% (~$371)	—
Maintenance	$3,248 (5%)	$5,873 (10%)
Insurance	$15,655 (24%)	$11,445 (20%)
Financing interest	$9,874 (15%)	$7,387 (13%)
Registration & fees	$500 (1%)	$500 (1%)
Total cost of ownership	$64,555	$57,015

When does the Hyundai Ioniq 5 (RWD Long Range) win?

The Honda CR-V (LX gas FWD) wins decisively here — $7,540 cheaper over 5 years; at typical assumptions this isn't a close call.

The Hyundai Ioniq 5 (RWD Long Range) pulls ahead of the Honda CR-V (LX gas FWD) if you drive more than about 27,000 km/yr. A longer hold also changes it: keep the car past 11 years and the Hyundai Ioniq 5 (RWD Long Range) comes out ahead.

What decides the Hyundai Ioniq 5 (RWD Long Range) vs Honda CR-V (LX gas FWD) verdict

One line outweighs everything else here: depreciation. It costs $32,189 on the Hyundai Ioniq 5 (RWD Long Range) against $21,983 on the Honda CR-V (LX gas FWD) — a $10,206 swing to the Honda CR-V (LX gas FWD), bigger than the $7,540 that separates the two 5-year totals. On the Hyundai Ioniq 5 (RWD Long Range), depreciation alone is 50% of its $64,555 total; on the Honda CR-V (LX gas FWD) it is 39% of $57,015.

Energy: $3,090 of charging for the Hyundai Ioniq 5 (RWD Long Range) vs $9,828 of gas for the Honda CR-V (LX gas FWD) — $6,738 the other way, to the Hyundai Ioniq 5 (RWD Long Range).
Insurance: Hyundai Ioniq 5 (RWD Long Range) $15,655, Honda CR-V (LX gas FWD) $11,445 — $4,210 more in the Honda CR-V (LX gas FWD)'s favor.
Maintenance: Hyundai Ioniq 5 (RWD Long Range) $3,248, Honda CR-V (LX gas FWD) $5,873 — $2,625 the other way, to the Hyundai Ioniq 5 (RWD Long Range).

Energy is the Hyundai Ioniq 5 (RWD Long Range)'s strong suit: $6,738 back, 89% of the Honda CR-V (LX gas FWD)'s lead — just not enough to turn it. At the dealer the Hyundai Ioniq 5 (RWD Long Range) starts $13,224 behind the Honda CR-V (LX gas FWD); running costs claw back $5,684 of that, but the Honda CR-V (LX gas FWD) still ends $7,540 ahead. The Honda CR-V (LX gas FWD) is ahead by $3,225 after the first year and more than doubles that lead — $7,540 by year 5.

Hyundai Ioniq 5 (RWD Long Range) vs Honda CR-V (LX gas FWD), side by side

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