Hyundai Ioniq 5 vs Chevrolet Equinox EV: cost to own in Iowa
Electricity & gas updated · Iowa averages (estimates)
Over five years in Iowa, the 2026 Hyundai Ioniq 5 costs about $44,730 to own versus $39,512 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 Iowa's average electricity rate here — open either model's Iowa page for the full calculator and your utility's time-of-use plan.
Over 5 years in Iowa, the Chevrolet Equinox EV costs about $5,200 less to own.
Hyundai Ioniq 5
$44,700
5-yr cost to own · $8,950/yr
Chevrolet Equinox EV
$39,500
5-yr cost to own · $7,900/yr
5-year cost breakdown
| 5-year cost | Hyundai Ioniq 5 | Chevrolet Equinox EV |
|---|---|---|
| Depreciation (5 yr) | $25,945 | $20,997 |
| Energy (5 yr) | $4,185 | $3,915 |
| Insurance (5 yr) | $11,200 | $11,200 |
| Maintenance (5 yr) | $2,750 | $2,750 |
| Registration (5 yr) | $650 | $650 |
| Incentives | − $0 | − $0 |
| 5-year total cost to own | $44,730 | $39,512 |
Frequently asked questions
- Is the Ioniq 5 or the Equinox EV cheaper to own in Iowa?
- Over five years the Chevrolet Equinox EV is cheaper — about $39,512 versus $44,730 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 $837 vs $783 at Iowa 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.