Hyundai Ioniq 5 vs Chevrolet Equinox EV: cost to own in Alabama
Electricity & gas updated · Alabama averages (estimates)
Over five years in Alabama, the 2026 Hyundai Ioniq 5 costs about $46,050 to own versus $40,818 for the Chevrolet Equinox EV — a gap of roughly $5,200 in the Chevrolet Equinox EV's favor. The biggest swing is depreciation ($25,945 vs $20,997); on energy, the Ioniq 5 is rated 31 kWh/100mi against the Equinox EV's 29. Both use Alabama's average electricity rate here — open either model's Alabama page for the full calculator and your utility's time-of-use plan.
Over 5 years in Alabama, the Chevrolet Equinox EV costs about $5,200 less to own.
Hyundai Ioniq 5
$46,000
5-yr cost to own · $9,210/yr
Chevrolet Equinox EV
$40,800
5-yr cost to own · $8,160/yr
5-year cost breakdown
| 5-year cost | Hyundai Ioniq 5 | Chevrolet Equinox EV |
|---|---|---|
| Depreciation (5 yr) | $25,945 | $20,997 |
| Energy (5 yr) | $4,405 | $4,121 |
| Insurance (5 yr) | $11,950 | $11,950 |
| Maintenance (5 yr) | $2,750 | $2,750 |
| Registration (5 yr) | $1,000 | $1,000 |
| Incentives | − $0 | − $0 |
| 5-year total cost to own | $46,050 | $40,818 |
Frequently asked questions
- Is the Ioniq 5 or the Equinox EV cheaper to own in Alabama?
- Over five years the Chevrolet Equinox EV is cheaper — about $40,818 versus $46,050 for the Ioniq 5, a difference of roughly $5,200 once depreciation, energy, insurance, maintenance, and fees are counted.
- Which is more efficient, the Ioniq 5 or the Equinox EV?
- The Ioniq 5 is rated 31 kWh/100mi and the Equinox EV 29 kWh/100mi (lower is better), so annual charging runs about $881 vs $824 at Alabama rates.
- How accurate is this Ioniq 5 vs Equinox EV comparison?
- Electricity prices come from EIA data refreshed monthly; depreciation, insurance, and incentives are estimates you can edit on each model's state page. Treat it as a ballpark for comparison, not a quote.