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Used 2020 Hyundai Ioniq Electric Cost to Own

Total 5-Year Ownership Costs

Ioniq Electric Hatchback

Limited 4dr Hatchback (electric DD)

True Cost to Own

$28,798*

Total Cash Price

$18,400

SE 4dr Hatchback (electric DD)

True Cost to Own

$26,270*

Total Cash Price

$15,086

This car may qualify for a Federal EV Tax Credit. See 2020 Hyundai Ioniq Electric Incentives
Ownership Costs: 5-Year Total

Depreciation

$11,795

Taxes & Fees

$1,596

Financing

$3,227

Fuel

$2,887

Insurance

$3,944

Repairs

$1,900

Maintenance

$3,449

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Ioniq Electric Hatchback Limited 4dr Hatchback (electric DD)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$743$765$788$812$836$3,944
Maintenance$703$453$267$785$1,241$3,449
Repairs$270$329$398$491$412$1,900
Taxes & Fees$1,452$36$36$36$36$1,596
Financing$1,106$892$662$416$151$3,227
Depreciation$3,591$2,231$2,219$2,223$1,531$11,795
Fuel$544$560$577$594$612$2,887
True Cost to Own®$8,409$5,266$4,947$5,357$4,819$28,798
Selected Model:

2020 Ioniq Electric Hatchback SE 4dr Hatchback (electric DD)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$732$754$777$800$824$3,887
Maintenance$703$453$267$1,687$1,241$4,351
Repairs$270$329$398$491$412$1,900
Taxes & Fees$1,239$36$36$36$36$1,383
Financing$906$732$543$341$124$2,646
Depreciation$3,124$1,657$1,647$1,651$1,137$9,216
Fuel$544$560$577$594$612$2,887
True Cost to Own®$7,518$4,521$4,245$5,600$4,386$26,270
Ownership costs do not include any Federal EV Tax Credits. See 2020 Hyundai Ioniq Electric Incentives

*Based on a 5-year estimate with 15,000 miles driven per year.

Shop nowLearn about the 2020 Ioniq Electric 

True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.