2024 Hyundai Ioniq 5 NTrue Cost of Ownership in Singapore
641 hp all-electric. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$103K
Base: $67K
Annual Total
$55K
Insurance + fuel + maintenance
Import Duty
$27K
41% of base price
VAT
$9K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$377K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 N — Full Cost Breakdown in Singapore
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $67K |
| Import Duty (41%) | $27K |
| VAT / Sales Tax (9%) | $9K |
| Total Purchase Price | $103K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $5K |
| Annual Maintenance | $24K |
| Annual Depreciation | $13K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $55K |
| 5-Year Total Cost of Ownership | $377K |
| Cost Per Kilometer | $3.649 |
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 — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$5,130
USD equivalent
Monthly Fuel Cost
$428
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$34.20
18L × S$1.90
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 Singapore
How does the Hyundai Ioniq 5 N compare to similar cars available in Singapore?
Hyundai
Ioniq 5 N
Base Price
$67K
Annual Cost in Singapore
$55K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Singapore
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Singapore
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Singapore
$40K
Annual costs estimated for Singapore market. Import duty (41%) and VAT (9%) applied to all models.
🇸🇬 Owning a Car in Singapore
COE system adds $50K–$100K to car cost.
Very Expensive for Singapore
Annual car costs = 94% of average Singapore income ($58K/yr)
Average Annual Income
$58K
In Singapore
Fuel Price
S$1.90/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
41%
On vehicle value
VAT / Sales Tax
9%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Singapore
Hyundai Ioniq 5 N in Singapore — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 N in Singapore.
The 2024 Hyundai Ioniq 5 N has a base price of $67,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $102,972 USD (S$102,972 SGD).