2023 Hyundai Ioniq 5 AWDTrue Cost of Ownership in Canada
320 hp all-electric. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$58K
Base: $52K
Annual Total
$18K
Insurance + fuel + maintenance
Import Duty
$3K
6.1% of base price
VAT
$3K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$148K
Purchase + 5yr running costs
2023 Hyundai Ioniq 5 AWD — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $52K |
| Import Duty (6.1%) | $3K |
| VAT / Sales Tax (5%) | $3K |
| Total Purchase Price | $58K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $3K |
| Annual Depreciation | $10K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $18K |
| 5-Year Total Cost of Ownership | $148K |
| Cost Per Kilometer | $1.201 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Ioniq 5 AWD Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,980
USD equivalent
Monthly Fuel Cost
$165
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$13.20
11L × C$1.20
Hyundai Ioniq 5 AWD Depreciation Curve
The Hyundai Ioniq 5 AWD loses approximately $25K (49%) of its value over 5 years.
Year-by-Year Value
| New | $52K | 100% |
| Year 1 | $42K | 80% |
| Year 2 | $36K | 70% |
| Year 3 | $32K | 62% |
| Year 4 | $29K | 56% |
| Year 5 | $27K | 51% |
Depreciation based on suv segment averages.
Hyundai Ioniq 5 AWD vs. Competitors in Canada
How does the Hyundai Ioniq 5 AWD compare to similar cars available in Canada?
Hyundai
Ioniq 5 AWD
Base Price
$52K
Annual Cost in Canada
$18K
Toyota
RAV4
Base Price
$32K
Annual Cost in Canada
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Canada
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Canada
$7K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Moderate for Canada
Annual car costs = 38% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Hyundai Ioniq 5 AWD in Canada — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 AWD in Canada.
The 2023 Hyundai Ioniq 5 AWD has a base price of $52,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $57,931 USD (C$57,931 CAD).