Hyundai Ioniq 5 vs. Chevy Equinox EV: running cost
A Chevy Equinox EV is cheaper to run: about $778 a year versus $802 for a Hyundai Ioniq 5 at typical use and 17.99¢/kWh, a $24 difference.
| Hyundai Ioniq 5 | Chevy Equinox EV | |
|---|---|---|
| Typical watts | 10,900 W | 7,200 W |
| Watt range | 1,440–10,900 W | 1,440–11,500 W |
| Typical use | 37 miles a day | 37 miles a day |
| Energy per year | 4,460 kWh | 4,325 kWh |
| Cost per hour | $1.96 | $1.30 |
| Cost per day | $2.20 | $2.13 |
| Cost per month | $66.86 | $64.83 |
| Cost per year | $802 | $778 |
| Per year in Hawaii (43.51¢) | $1,940 | $1,882 |
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What drives the difference
- Hyundai Ioniq 5: The Ioniq 5 uses about 0.30 kWh per mile from the battery, about 0.33 at the wall; its 10.9 kW onboard charger fills it quickly on Level 2.
- Chevy Equinox EV: The Equinox EV uses about 0.29-0.30 kWh per mile from the battery, about 0.32 at the wall.
Ways to cut either cost
Level 2 EV charger
More efficient and faster than Level 1.
See options on Amazon Level 2 EV charger
Takes full advantage of the 10.9 kW onboard charger.
See options on AmazonWe may earn a commission from qualifying purchases. It never changes the numbers we show. Disclosure.
Frequently asked questions
Which costs more to run, a Hyundai Ioniq 5 or a Chevy Equinox EV?
At typical use and the U.S. average rate (17.99¢/kWh), a Hyundai Ioniq 5 costs about $802 a year versus $778 for a Chevy Equinox EV. That's $24 more.
How many watts do Hyundai Ioniq 5 and Chevy Equinox EV use?
A Hyundai Ioniq 5 typically draws 10,900 W (range 1,440–10,900 W). A Chevy Equinox EV draws 7,200 W (range 1,440–11,500 W). Watts alone don't decide cost. Hours of use, cycling and standby matter just as much.
Rates: EIA, 12 months ending 2026-07. Methodology.