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Hyundai Ioniq 5 vs Honda CR-V Cost of Ownership

Hyundai Ioniq 5 against Honda CR-V Hybrid: near-identical prices, very different running costs and resale values over 7 years.

Updated · By Niraj Kumar · 6 sources

The cars

$

SE RWD starting price. Replace it with your quote.

$

Sport Hybrid FWD, 40 mpg combined.

Where and how you charge

%
0%100%

The rest is public fast charging. Most owners with a driveway charge 80-90% at home.

¢/kWh

California residential average (EIA). Enter the all-in rate from your bill to override.

¢/kWh

Driving

years
1 yr10 yrs
$per gallon

California average for regular (AAA).

Fine-tune

%
0%10%
%
0%10%
%
0%8%

About 2% is typical; the loss slows after that. Hot climates and frequent fast charging push it up.

$

The federal credit ended for cars bought after 30 September 2025.

$

Set to 0 if you already have one or will use a standard outlet.

$
$

Assumed full coverage; replace both with quotes.

How you payHow you pay
Over 7 yearsGas saves $3,339The EV does not catch up within 7 years

The Hyundai Ioniq 5 costs 10.6¢ a mile to charge, against 15.5¢ a mile in gas for the Honda CR-V.

Hyundai Ioniq 5, total cost
$62,384
74.3¢ a mile, all in
Honda CR-V, total cost
$59,045
70.3¢ a mile, all in
EV price premium repaid
3.4 years
from running savings, before resale
Battery at the end
92%
about 293 of 318 miles of range
CO₂ avoided
9.6 tonnes
at the US grid average
Cost of ownership if sold at the end of each yearHyundai Ioniq 5Honda CR-V
$0$20 K$40 K$60 K$80 K$62.38 K$59.05 K1234567
Cash saved by choosing the EV, before resaleStill to recoverAhead
$-2 K$-1 K$0$1 K$2 K$3 KPayback, year 3.401234567
Where the money goes over 7 years
CostHyundai Ioniq 5Honda CR-V
Purchase less resale$30,011$22,630
Charging or gas$9,686$13,805
Maintenance$5,040$7,560
Insurance$16,800$15,050
EV registration fees$847$0
Total$62,384$59,045
Year-by-year costs and battery healthShow
YearChargingGasBatteryRangeEV cost to dateGas car cost to date
1$1,270$1,85798%310 mi$19,897$13,997
2$1,309$1,89496%307 mi$28,947$22,459
3$1,346$1,93295%304 mi$36,534$30,216
4$1,383$1,97195%301 mi$43,408$37,642
5$1,421$2,01094%298 mi$49,945$44,736
6$1,459$2,05093%296 mi$56,145$51,870
7$1,499$2,09192%293 mi$62,384$59,045

How the Hyundai Ioniq 5 vs Honda CR-V Cost of Ownership works

TCO = Price × (1 + tax) − rebates + charger + Σ₍y₎ [energy₍y₎ + maintenance + insurance + fees] + interest − resale₍N₎

This page uses the same method as the EV vs Gas Total Cost of Ownership Calculator, which explains each term and assumption in full.

Worked example

A Hyundai Ioniq 5 SE RWD ($37,500) against a Honda CR-V Sport Hybrid FWD ($37,080) in California, driven 12,000 miles a year for 7 years, paid in cash, charging 80% at home.

  1. 1Home electricity costs about 33.6¢ a kWh; with 20% fast charging at 48.0¢ the blend is 36.5¢
  2. 2At 29 kWh/100 mi the Hyundai Ioniq 5 costs 10.6¢ a mile; at 40 mpg and $6.19 a gallon the Honda CR-V costs 15.5¢ a mile
  3. 3Buying costs $42,386 for the EV with tax and a home charger, against $40,428
  4. 4After 7 years the battery keeps about 92% of its capacity, and the cars would sell for about $12,375 and $17,798

Over 7 years the Hyundai Ioniq 5 costs $62,384 to own and the Honda CR-V $59,045, so the gas car comes out $3,339 cheaper at these assumptions.

Frequently asked questions

Why does resale value decide the Ioniq 5 vs CR-V question?

Their prices are within a few hundred dollars and the Ioniq 5 is cheaper to run, so it repays any difference quickly. Over seven years, though, a CR-V Hybrid is likely to keep a larger share of its value, and that gap can outweigh the fuel savings. Enter a resale figure you trust to see which way it goes.

How much more does the Hyundai Ioniq 5 cost upfront than the Honda CR-V?

Paid in cash in California, the Hyundai Ioniq 5 SE RWD costs $42,386 on day one with sales tax and a home charger, against $40,428 for the Honda CR-V Sport Hybrid FWD, $1,958 more. Charging then costs about $1,270 a year against $1,857 in gas at 12,000 miles, a difference of $587 a year before maintenance and insurance.

Sources

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