2024 Hyundai Ioniq 5 NTrue Cost of Ownership in Canada
641 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
$75K
Base: $67K
Annual Total
$38K
Insurance + fuel + maintenance
Import Duty
$4K
6.1% of base price
VAT
$4K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$266K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 N — 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) | $67K |
| Import Duty (6.1%) | $4K |
| VAT / Sales Tax (5%) | $4K |
| Total Purchase Price | $75K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $19K |
| Annual Depreciation | $13K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $38K |
| 5-Year Total Cost of Ownership | $266K |
| Cost Per Kilometer | $2.553 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Ioniq 5 N Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,240
USD equivalent
Monthly Fuel Cost
$270
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$21.60
18L × C$1.20
Hyundai Ioniq 5 N Depreciation Curve
The Hyundai Ioniq 5 N loses approximately $29K (44%) of its value over 5 years.
Year-by-Year Value
| New | $67K | 100% |
| Year 1 | $54K | 80% |
| Year 2 | $48K | 72% |
| Year 3 | $44K | 65% |
| Year 4 | $40K | 60% |
| Year 5 | $38K | 56% |
Depreciation based on exotic segment averages.
Hyundai Ioniq 5 N vs. Competitors in Canada
How does the Hyundai Ioniq 5 N compare to similar cars available in Canada?
Hyundai
Ioniq 5 N
Base Price
$67K
Annual Cost in Canada
$38K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Canada
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Canada
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Canada
$40K
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.
Very Expensive for Canada
Annual car costs = 80% 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 N in Canada — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 N in Canada.
The 2024 Hyundai Ioniq 5 N has a base price of $67,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $74,641 USD (C$74,641 CAD).