2026 Hyundai Ioniq 5 vs 2026 Tesla Model Y
Both are commonly cross-shopped against each other. Here’s how their real 5-year ownership costs actually compare, using real market pricing data rather than sticker price alone.
Pricing data refreshed monthly · last updated September 2026
2026 Hyundai Ioniq 5
$40,2675-year total · $671/moPrice: $45,008 · 29 kWh/100 mi
Depreciation: $22,882 · Electricity: $2,784
Insurance: $9,500 · Maintenance: $2,300
2026 Tesla Model Y
$38,8575-year total · $648/moPrice: $48,990 · 29 kWh/100 mi
Depreciation: $21,234 · Electricity: $2,784
Insurance: $9,500 · Maintenance: $2,300
Most of the gap comes from depreciation ($1,648 higher for the Hyundai Ioniq 5) and taxes and fees ($239 lower for the Hyundai Ioniq 5).
After 5 years, the Hyundai Ioniq 5 keeps about 49% of its value and the Tesla Model Y about 57%.
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