Hyundai Ioniq 5 vs Toyota RAV4: Running Costs in Tasmania
Data verified April 2025
At this driving profile, the Toyota RAV4 is the more economical choice over 5 years in Tasmania.
Running only 15,000 km per year in Tasmania, 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 $127,366 in total versus $85,912 for the Toyota RAV4 — a difference of $41,454. 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 7,468 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 Toyota RAV4 over 5 years in Tasmania?
At 15,000 km/yr in Tasmania the Toyota RAV4 is the cheaper option over 5 years: $85,912 total versus $127,366 for the Hyundai Ioniq 5. Use the calculator to adjust for your situation.
Does the Hyundai Ioniq 5 break even against the Toyota RAV4 in Tasmania?
At 15,000 km/yr in Tasmania 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 Toyota RAV4 per year in Tasmania?
At 15,000 km/yr in Tasmania, charging the Hyundai Ioniq 5 costs approximately $825/yr, versus $1,445/yr in petrol for the Toyota RAV4. Tasmania's electricity and fuel rates are applied automatically.