Hyundai Ioniq 5: what it really costs to run in the UK
The EV that made everyone sit up. Ultra-fast charging, striking design, and a genuinely spacious flat-floor interior.
Based on 1,000 km (about 621 miles) a month on mixed roads. Prices: £18,500 for a 2–4-year-old one, up to £51,600 new. All assumptions →
Buying a 2–4-year-old Ioniq 5 on finance
| Monthly cost | £/month |
|---|---|
| Loan payment (80% financed, 5% APR, 3 years) | £444 |
| Fuel / electricity | £45 |
| Insurance (estimate) | £54 |
| Road tax | £16 |
| Maintenance | £52 |
| Total per month | £611 |
| Over 3 years | £ |
|---|---|
| 20% deposit | £3,700 |
| 36 monthly costs | £21,982 |
| Total paid out | £25,681 |
| Minus estimated resale value (~55%) | −£10,176 |
| Net 3-year cost | £15,506 |
Leasing a new Ioniq 5
| Monthly cost | £/month |
|---|---|
| Lease payment (typical deal: 36 months, 10,000 miles a year, upfront payment spread over the term) | £503 |
| Fuel / electricity | £45 |
| Insurance (estimate) | £151 |
| Road tax and maintenance | Usually included |
| Total per month | £698 |
Leasing compares a new car with buying a 2–4-year-old one, so the two are different cars. At the end of a lease you hand the car back; buying leaves you with the resale value, which is why buying is shown net.
Road tax
UK vehicle tax for a car this age is the flat standard rate, £200/yr, whatever its CO₂. Versions that cost over £40,000 new also pay £640/yr extra in years 2–6 (not included above).
CO₂: zero tailpipe emissions.
Engines
- 58 kWh RWD 170hp
- 72.6 kWh RWD 217hp
- AWD 305hp
Costs above use the first engine listed. Bigger engines cost more to buy, insure and fuel.
Why people choose the Ioniq 5
- 800V ultra-rapid charging: 10–80% in 18 minutes
- Retro-futuristic design that turns heads
- Flat floor = limo-like rear space
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