Tesla Model Y vs Hyundai Ioniq 5: Cost to Own (2026)
Long Range AWD · $43,990 vs SE Standard Range · $41,450
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Hyundai Ioniq 5 has the lower 5-year total cost of ownership
$2,164 less over 5 years (depreciation + fuel + insurance + maintenance)
Purchase Price
Tesla Model Y
$43,990
Hyundai Ioniq 5
$41,450
$2,540 difference
Annual Fuel Cost
Tesla Model Y
$508/yr
Hyundai Ioniq 5
$483/yr
$25/yr difference
Range
Tesla Model Y
320 mi
Hyundai Ioniq 5
266 mi
DC Fast Charging
Tesla Model Y
250 kW
Hyundai Ioniq 5
220 kW
to 80% in 20 vs 18 min
5-Year Cost Comparison
| Tesla Model Y | Hyundai Ioniq 5 | |
|---|---|---|
| Purchase price (MSRP) | $43,990 | $41,450 |
| Depreciation (5 years) | $19,356 | $19,067 |
| Fuel (5 years) | $2,540 | $2,415 |
| Insurance (5 years) | $11,750 | $10,250 |
| Maintenance (5 years) | $2,900 | $2,650 |
| 5-Year TCO | $36,546 | $34,382 |
TCO = depreciation + fuel + insurance + maintenance. Assumes 12,000 miles/year at 16.1¢/kWh. Excludes purchase price (same money either way).
Charging Comparison
| Tesla Model Y | Hyundai Ioniq 5 | |
|---|---|---|
| Battery size | 75.0 kWh | 58.0 kWh |
| Efficiency | 3.8 mi/kWh | 4.0 mi/kWh |
| Cost per mile (home) | 4.2¢ | 4.0¢ |
| Full charge cost (home) | $12.08 | $9.34 |
| Level 2 charge time | 5.2 hrs | 4.3 hrs |
| DC fast charge peak | 250 kW | 220 kW |
| DC fast charge (0–80%) | 20 min | 18 min |
Specs & Incentives
| Tesla Model Y | Hyundai Ioniq 5 | |
|---|---|---|
| Range | 320 mi | 266 mi |
| Segment | suv | suv |
| State incentive eligible | Yes | Yes |
| 5-yr depreciation | 44% | 46% |
State incentives vary by location. Federal $7,500 credit ended September 2025. Check your state's EV incentive program for current availability.
Related Comparisons
Full cost breakdowns for each model: Tesla Model Y cost details → · Hyundai Ioniq 5 cost details →
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