Hyundai Ioniq 5 vs Hyundai Tucson: 5-Year Cost Comparison (2026)
Hyundai Ioniq 5 SE Standard Range · $41,450 vs Hyundai Tucson SEL · $28,450
5-Year Cost Breakdown
| Hyundai Ioniq 5 | Hyundai Tucson | |
|---|---|---|
| Purchase price (MSRP) | $41,450 | $28,450 |
| Depreciation (5 years) | $19,067 | $11,380 |
| Fuel / electricity (5 years) | $2,415 | $6,400 |
| Insurance (5 years) | $10,250 | $8,750 |
| Maintenance (5 years) | $2,650 | $6,000 |
| 5-Year TCO | $34,382 | $32,530 |
TCO = depreciation + fuel/electricity + insurance + maintenance. Assumes 12,000 miles/year, 16.1¢/kWh electricity, $3.2/gallon gas (2026 national averages). Excludes purchase price as a TCO component — it's shown separately above.
Hyundai Ioniq 5 Charging Details
Maintenance: EV Has a Real Edge
The Hyundai Ioniq 5 has no oil changes, no transmission service, and regenerative braking extends brake pad life. Estimated maintenance: $530/year vs $1,200/year for the Hyundai Tucson. That's $670/year — $3,350 over five years.
| Service | Hyundai Ioniq 5 | Hyundai Tucson |
|---|---|---|
| Oil changes | None | ~$120/yr |
| Transmission service | None | ~$100–$250 every 60K mi |
| Brake service (less frequent) | Extended life | Standard schedule |
| Annual maintenance estimate | $530 | $1,200 |
Common Questions
Does the higher purchase price of the Hyundai Ioniq 5 make sense financially?
The Hyundai Ioniq 5 costs $13,000 more upfront than the Hyundai Tucson. At $797/year in fuel savings and $670/year in lower maintenance, you break even in approximately 8.9 years on running costs alone — before accounting for depreciation differences.
How much does electricity vs gas cost per mile?
At national averages: Hyundai Ioniq 5 costs 4.0¢/mile at 16.1¢/kWh. The Hyundai Tucson at 30 MPG costs 10.7¢/mile at $3.2/gallon. Your state's electricity rate changes this significantly — Washington drivers pay 10¢/kWh (pushing costs lower), Hawaii pays 44¢/kWh (pushing costs higher).
Are there state EV incentives that reduce the price gap?
The Hyundai Ioniq 5 qualifies for state EV incentives in many states. The federal $7,500 credit ended in September 2025, but state programs remain in California, Colorado, New York, and 11+ other states — some up to $5,000. Check your state's current program to see your real out-of-pocket price.
Full EV cost breakdown: Hyundai Ioniq 5 cost details →
← All EV comparisons · Charging costs by state · EV savings by state · EV vs gas TCO calculator