Is the Hyundai Ioniq 5 or Kia EV6 cheaper to own over 5 years?

Over 5 years (12,000 miles/year, national avg prices), the Kia EV6 has lower total running costs at $34,059 vs $34,382 — a difference of $323. TCO includes depreciation, fuel, insurance, and maintenance.

Which is cheaper to charge: Hyundai Ioniq 5 or Kia EV6?

At the national average of 16.1¢/kWh: Hyundai Ioniq 5 costs 4.0¢/mile ($483/year for 12,000 miles). Kia EV6 costs 4.0¢/mile ($483/year). The Hyundai Ioniq 5 is cheaper to charge by $0/year.

Hyundai Ioniq 5 vs Kia EV6: which has better range?

Hyundai Ioniq 5 has 266 miles of range. Kia EV6 has 310 miles. The Kia EV6 wins by 44 miles.

Hyundai Ioniq 5 vs Kia EV6: Cost to Own (2026)

SE Standard Range · $41,450 vs Standard Range RWD · $42,600

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Kia EV6 has the lower 5-year total cost of ownership

$323 less over 5 years (depreciation + fuel + insurance + maintenance)

Purchase Price

Hyundai Ioniq 5 $41,450

Kia EV6 $42,600

$1,150 difference

Annual Fuel Cost

Hyundai Ioniq 5 $483/yr

Kia EV6 $483/yr

$0/yr difference

Range

Hyundai Ioniq 5 266 mi

Kia EV6 310 mi

DC Fast Charging

Hyundai Ioniq 5 220 kW

Kia EV6 240 kW

to 80% in 18 vs 18 min

5-Year Cost Comparison

	Hyundai Ioniq 5	Kia EV6
Purchase price (MSRP)	$41,450	$42,600
Depreciation (5 years)	$19,067	$18,744
Fuel (5 years)	$2,415	$2,415
Insurance (5 years)	$10,250	$10,250
Maintenance (5 years)	$2,650	$2,650
5-Year TCO	$34,382	$34,059

TCO = depreciation + fuel + insurance + maintenance. Assumes 12,000 miles/year at 16.1¢/kWh. Excludes purchase price (same money either way).

Charging Comparison

	Hyundai Ioniq 5	Kia EV6
Battery size	58.0 kWh	77.4 kWh
Efficiency	4.0 mi/kWh	4.0 mi/kWh
Cost per mile (home)	4.0¢	4.0¢
Full charge cost (home)	$9.34	$12.46
Level 2 charge time	4.3 hrs	5.7 hrs
DC fast charge peak	220 kW	240 kW
DC fast charge (0–80%)	18 min	18 min