Hyundai Ioniq 6 (Long Range RWD) cost to own in Canada — the true 5-year total
The Hyundai Ioniq 6 (Long Range RWD) starts at $54,999. Over 5 years, owning one (EV) costs about $63,751 in Canada as of July 2, 2026 — $1,063/month, $0.85/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and registration. That's $9,610 more than a comparable Hyundai Santa Fe Hybrid (Preferred AWD) over the same 5 years.
Hyundai Ioniq 6 (Long Range RWD) 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 6 (Long Range RWD) · Canada · 5-year estimate$63,751 total · $1,063/mo · $0.85/km
Where the money goes
| Cost component | Electric · Hyundai Ioniq 6 | Hybrid · Hyundai Santa Fe Hybrid |
|---|---|---|
| Depreciation (estimated) | $31,899 (50%) | $21,024 (39%) |
| Charging / fuel | $2,669 (4%) | $8,694 (16%) |
| ↳ of which charging loss | 12% (~$320) | — |
| Maintenance | $3,248 (5%) | $4,500 (8%) |
| Insurance | $15,655 (25%) | $11,750 (22%) |
| Financing interest | $9,780 (15%) | $7,673 (14%) |
| Registration & fees | $500 (1%) | $500 (1%) |
| Total cost of ownership | $63,751 | $54,141 |
Hyundai Ioniq 6 (Long Range RWD) specs & assumptions
- Starting price
- $54,999manufacturer
- Powertrain
- Electric
- Efficiency
- 14.6 kWh/100kmNRCan
- Range
- 565 kmNRCan
- Canada electricity
- 16.50c/kWhprovincial utilities
- Annual km (assumed)
- 15,000Canada average
Compare the Hyundai Ioniq 6 (Long Range RWD) against any car, your km & your scenario
What the numbers say
The Hyundai Ioniq 6 (Long Range RWD) costs about $63,751 to own over 5 years in Canada — $1,063/month, $0.85/km at 15,000 km/yr — and depreciation is the biggest line: $31,899, 50% of the total (as of July 2, 2026).
- The Hyundai Santa Fe Hybrid (Preferred AWD) wins decisively here — $9,610 cheaper over 5 years; at typical assumptions this isn't a close call.
- Only heavy drivers flip this one: the Hyundai Ioniq 6 (Long Range RWD) needs more than about 35,000 km/yr to beat the Hyundai Santa Fe Hybrid (Preferred AWD).
- Where the Hyundai Ioniq 6 (Long Range RWD)'s $63,751 actually goes: depreciation $31,899 (50%), insurance $15,655 (25%), financing interest $9,780 (15%), maintenance $3,248 (5%), charging $2,669 (4%), registration & fees $500 (1%).
- Per km, that is $0.43 of depreciation and $0.04 of charging, with $0.39 for everything else — $0.85/km all-in.
- Charging vs the fleet: at $2,669 over 5 years the Hyundai Ioniq 6 (Long Range RWD) sits within $494 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 6 (Long Range RWD) 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 (hyundaiusa.com, recharged.com); local pricing varies.
- Out-of-warranty replacement
- US$11,000–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 6 (Long Range RWD) at home
The Hyundai Ioniq 6 (Long Range RWD) runs about $2.74 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
- $2.7414.6 kWh/100km + 12% charging loss × $0.17/kWh
- A typical 7 L/100km petrol car
- $11.76/100kmat $1.68/L — for comparison