Hyundai Ioniq 5 SE vs Toyota RAV4 LE (gas): 5-year cost to own in Massachusetts

Q: Is the Hyundai Ioniq 5 SE or the Toyota RAV4 LE (gas) cheaper to own over 5 years in Massachusetts?

The Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,430 vs $50,837 for the Hyundai Ioniq 5 SE, a $10,407 difference over 5 years.

Q: How much more does the Hyundai Ioniq 5 SE cost to buy than the Toyota RAV4 LE (gas)?

The Hyundai Ioniq 5 SE starts at $35,000 — $5,000 more than the Toyota RAV4 LE (gas) ($30,000). Over 5 years the ownership gap is $10,407 in favor of the Toyota RAV4 LE (gas).

Q: Which costs less per mile — the Hyundai Ioniq 5 SE or the Toyota RAV4 LE (gas)?

The Toyota RAV4 LE (gas): $0.67 vs $0.85 per mile all-in ($674 vs $847 per month) in Massachusetts.

By the EVCostIQ research desk · reviewed against our public methodology · every source dated on this page

As of July 1, 2026, over 5 years in Massachusetts, the Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,430 vs $50,837 for the Hyundai Ioniq 5 SE, a $10,407 difference over 5 years. Massachusetts's electricity (29.4¢/kWh, 56% above the U.S. average) and $3.94/gal gas are fed straight into both totals. The expired federal $7,500 EV credit is not applied to either total.

Cheaper to own over 5 years · MassachusettsToyota RAV4 LE (gas) · $40,430 total · $10,407 less than the Hyundai Ioniq 5 SE

Hyundai Ioniq 5 SE vs Toyota RAV4 LE (gas) — where the money goes

5-year total cost of ownership by component, by vehicle (USD). Estimates; sources dated in the methodology.
Cost component	Electric · Hyundai Ioniq 5 SE	Gas · Toyota RAV4 LE
Depreciation (estimated)	$19,950 (39%)	$10,800 (27%)
Charging / fuel	$7,309 (14%)	$7,882 (19%)
↳ of which charging loss	12% (~$877)	—
Maintenance	$3,660 (7%)	$5,520 (14%)
Insurance	$13,750 (27%)	$11,000 (27%)
Financing interest	$6,018 (12%)	$5,078 (13%)
Registration & fees	$150 (0%)	$150 (0%)
Total cost of ownership	$50,837	$40,430

The charging-loss row is the ~10–15% of electricity lost to AC charging that you pay for but never reaches the battery — we include it; most calculators don't.

When does the Hyundai Ioniq 5 SE win?

Even at 30,000+ mi/yr or a 15-year hold, the Toyota RAV4 LE (gas) stays cheaper here — its lower price and slower depreciation dominate. The Hyundai Ioniq 5 SE is the pick mainly for reasons beyond 5-year cost (performance, emissions, HOV access, home-charging convenience).

Hyundai Ioniq 5 SE vs Toyota RAV4 LE (gas), side by side

Electric

Hyundai Ioniq 5 SE

5-yr total cost: $50,837
Cost / month: $847
Cost / mile: $0.85
MSRP: $35,000
Powertrain: Electric
Efficiency: 28 kWh/100mi

Gas Lower 5-yr cost

Toyota RAV4 LE (gas)

5-yr total cost: $40,430
Cost / month: $674
Cost / mile: $0.67
MSRP: $30,000
Powertrain: Gas
Efficiency: 30 mpg

Massachusetts electricity: 29.4¢/kWh EIA
Gas price (Massachusetts): $3.94/gal AAA

Change the miles, your state & either car

Full cost breakdowns

← Hyundai Ioniq 5 SE vs Toyota RAV4 LE (gas) (U.S. average)

FAQ

Is the Hyundai Ioniq 5 SE or the Toyota RAV4 LE (gas) cheaper to own over 5 years in Massachusetts?

The Toyota RAV4 LE (gas) stays the cheaper car to own — about $40,430 vs $50,837 for the Hyundai Ioniq 5 SE, a $10,407 difference over 5 years.

When does the Hyundai Ioniq 5 SE become cheaper than the Toyota RAV4 LE (gas)?

How much more does the Hyundai Ioniq 5 SE cost to buy than the Toyota RAV4 LE (gas)?

The Hyundai Ioniq 5 SE starts at $35,000 — $5,000 more than the Toyota RAV4 LE (gas) ($30,000). Over 5 years the ownership gap is $10,407 in favor of the Toyota RAV4 LE (gas).

Which costs less per mile — the Hyundai Ioniq 5 SE or the Toyota RAV4 LE (gas)?

The Toyota RAV4 LE (gas): $0.67 vs $0.85 per mile all-in ($674 vs $847 per month) in Massachusetts.