Hyundai Ioniq 5 vs Kia Sportage: Running Costs in Victoria
Data verified April 2025
At this driving profile, the Kia Sportage is the more economical choice over 5 years in Victoria.
Running only 15,000 km per year in Victoria, the Hyundai Ioniq 5's higher purchase price doesn't fully pay back through lower running costs within 5 years. The Hyundai Ioniq 5 costs $133,087 in total versus $81,534 for the Kia Sportage — a difference of $51,553. The numbers don't reach break-even within this holding period. If you drive significantly more km per year, or if petrol prices rise substantially, this comparison would shift. The Hyundai Ioniq 5 still avoids around 419 kg of CO₂ over the ownership period.
The economics don't stack up at this driving distance — increase annual km or extend the holding period to change the picture.
Frequently asked questions
Is the Hyundai Ioniq 5 cheaper than the Kia Sportage over 5 years in Victoria?
At 15,000 km/yr in Victoria the Kia Sportage is the cheaper option over 5 years: $81,534 total versus $133,087 for the Hyundai Ioniq 5. Use the calculator to adjust for your situation.
Does the Hyundai Ioniq 5 break even against the Kia Sportage in Victoria?
At 15,000 km/yr in Victoria the Hyundai Ioniq 5 does not fully recover its price premium within a 5-year holding period. Higher annual km or an extended holding period would change this.
How much does it cost to charge the Hyundai Ioniq 5 vs fuel the Kia Sportage per year in Victoria?
At 15,000 km/yr in Victoria, charging the Hyundai Ioniq 5 costs approximately $909/yr, versus $2,200/yr in petrol for the Kia Sportage. Victoria's electricity and fuel rates are applied automatically.