2024 Hyundai Ioniq 5True Cost of Ownership in Israel
320 hp all-electric. Full cost breakdown including import duty (83%), VAT (17%), insurance, fuel at ₪2/L, maintenance, and depreciation.
Purchase Price
$90K
Base: $42K
Annual Total
$17K
Insurance + fuel + maintenance
Import Duty
$35K
83% of base price
VAT
$13K
17% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$176K
Purchase + 5yr running costs
2024 Hyundai Ioniq 5 — Full Cost Breakdown in Israel
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $42K |
| Import Duty (83%) | $35K |
| VAT / Sales Tax (17%) | $13K |
| Total Purchase Price | $90K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $12K |
| Registration & Road Tax | $2K |
| Total Annual Running Cost | $17K |
| 5-Year Total Cost of Ownership | $176K |
| Cost Per Kilometer | $1.144 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Ioniq 5 Fuel Cost Calculator — Israel
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Hyundai Ioniq 5 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Israel.
$0 Fuel Cost
Electric vehicle — no gasoline required
Hyundai Ioniq 5 Depreciation Curve
The Hyundai Ioniq 5 loses approximately $24K (57%) of its value over 5 years.
Year-by-Year Value
| New | $42K | 100% |
| Year 1 | $30K | 72% |
| Year 2 | $26K | 62% |
| Year 3 | $23K | 54% |
| Year 4 | $20K | 48% |
| Year 5 | $18K | 43% |
Depreciation based on electric segment averages.
Hyundai Ioniq 5 vs. Competitors in Israel
How does the Hyundai Ioniq 5 compare to similar cars available in Israel?
Hyundai
Ioniq 5
Base Price
$42K
Annual Cost in Israel
$17K
Tesla
Model 3
Base Price
$42K
Annual Cost in Israel
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Israel
$5K
BMW
i4
Base Price
$56K
Annual Cost in Israel
$8K
Annual costs estimated for Israel market. Import duty (83%) and VAT (17%) applied to all models.
🇮🇱 Owning a Car in Israel
Very high import taxes on all vehicles.
Expensive for Israel
Annual car costs = 45% of average Israel income ($38K/yr)
Average Annual Income
$38K
In Israel
Fuel Price
₪2.00/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
83%
On vehicle value
VAT / Sales Tax
17%
Applied at purchase
Driving Side
Right-hand
Middle East
Popular Car Brands in Israel
Hyundai Ioniq 5 in Israel — Frequently Asked Questions
Common questions about owning a Hyundai Ioniq 5 in Israel.
The 2024 Hyundai Ioniq 5 has a base price of $42,000 USD. In Israel, after 83% import duty and 17% VAT, the total purchase price is approximately $89,926 USD (₪89,926 ILS).