2024 Hyundai Ioniq 5 AWDTrue Cost of Ownership in Australia
320 hp all-electric. Full cost breakdown including import duty (5%), VAT (10%), insurance, fuel at A$1.3/L, maintenance, and depreciation.
Purchase Price
$58K
Base: $50K
Annual Total
$18K
Insurance + fuel + maintenance
Import Duty
$3K
5% of base price
VAT
$5K
10% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$147K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 AWD — Full Cost Breakdown in Australia
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $50K |
| Import Duty (5%) | $3K |
| VAT / Sales Tax (10%) | $5K |
| Total Purchase Price | $58K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $3K |
| Annual Depreciation | $10K |
| Registration & Road Tax | $1K |
| Total Annual Running Cost | $18K |
| 5-Year Total Cost of Ownership | $147K |
| Cost Per Kilometer | $1.196 |
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 — Australia
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,145
USD equivalent
Monthly Fuel Cost
$179
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$14.30
11L × A$1.30
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 | $50K | 100% |
| Year 1 | $40K | 80% |
| Year 2 | $35K | 70% |
| Year 3 | $31K | 62% |
| Year 4 | $28K | 56% |
| Year 5 | $26K | 51% |
Depreciation based on suv segment averages.
Hyundai Ioniq 5 AWD vs. Competitors in Australia
How does the Hyundai Ioniq 5 AWD compare to similar cars available in Australia?
Hyundai
Ioniq 5 AWD
Base Price
$50K
Annual Cost in Australia
$18K
Toyota
RAV4
Base Price
$32K
Annual Cost in Australia
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Australia
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Australia
$7K
Annual costs estimated for Australia market. Import duty (5%) and VAT (10%) applied to all models.
🇦🇺 Owning a Car in Australia
Long distances increase fuel costs.
Moderate for Australia
Annual car costs = 35% of average Australia income ($52K/yr)
Average Annual Income
$52K
In Australia
Fuel Price
A$1.30/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
5%
On vehicle value
VAT / Sales Tax
10%
Applied at purchase
Driving Side
Left-hand
Oceania
Popular Car Brands in Australia
Hyundai Ioniq 5 AWD in Australia — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 AWD in Australia.
The 2024 Hyundai Ioniq 5 AWD has a base price of $50,000 USD. In Australia, after 5% import duty and 10% VAT, the total purchase price is approximately $57,750 USD (A$57,750 AUD).