SUV comparison
Hyundai Ioniq 5 vs Lexus RX 350
Which costs less to own over 5 years? Compare purchase price, fuel, maintenance, insurance, and depreciation — then customize with your own numbers.
Hyundai Ioniq 5 vs Lexus RX 350: Quick Verdict
Based on average driving (12,000 miles/year), the Hyundai Ioniq 5 saves approximately $7,731 over 5 years compared to the Lexus RX 350. Lower charging costs and reduced maintenance offset the EV's higher purchase price.
Hyundai Ioniq 5
$36,850
purchase price
Lexus RX 350
$57,050
purchase price
EV saves
$7,731
over 5 years
Customize your mileage, gas price, and electricity rate below to get a personalized comparison.
Your Numbers
Adjust the inputs to match your situation. Results update instantly.
Average American drives ~13,500 miles/year
Charge at home overnight — cheapest option
Enter what you actually pay to charge. On a time-of-use or EV plan (cheap overnight rates) or with solar, your rate may be well below the state average, e.g. 8¢ overnight vs 12¢ standard.
Hyundai Ioniq 5 Saves You Money
EV saves you
$7,731
over 5 years
EV saves per month
$183
fuel + maintenance + insurance
Operating cost payback
1.5 years
within ownership
The Hyundai Ioniq 5 saves you $7,731 over 5 years compared to the Lexus RX 350.
These vehicles are in different classes. The comparison is still valid but keep the size/class difference in mind.
EV saves you
$7,731
over 5 years (all-in)
EV saves per month
$183
fuel + maintenance + insurance
Operating cost payback
1.5 years
achievable within ownership
Vehicles compared
Ioniq 5 · Lexus RX · RAV4 Hybrid
EV · Gas · Hybrid
Full Cost Breakdown
| Hyundai Ioniq 5SE Standard Range RWDElectric | Lexus RX 350RX 350 Premium AWDGas | Toyota RAV4 HybridXLE Premium AWDBestHybrid | |
|---|---|---|---|
| Purchase Price | $36,850 | $57,050 | $38,950 |
| Monthly Fuel | $38 | $146 | $85 |
| Annual Fuel | $452 | $1,750 | $1,024 |
| Total Fuel | $2,262 | $8,750 | $5,122 |
| Total Maintenance | $2,750 | $6,000 | $5,000 |
| Total Insurance | $9,750 | $11,000 | $9,250 |
| Resale Value | $15,109 | $38,566 | $29,135 |
| Total Cost of Ownership | $36,504 | $44,234 | $29,187 |
Hyundai Ioniq 5
SE Standard Range RWD
Electric
Lexus RX 350
RX 350 Premium AWD
Gas
Toyota RAV4 Hybrid
XLE Premium AWD
Hybrid
Cost Over 5 Years
Why This Result
You break even in about 1.5 years. Lower charging costs and reduced maintenance give the EV a clear cost advantage at your mileage. The Toyota RAV4 Hybrid falls in between at $29,187 total.
Fuel vs Charging
Charging the Ioniq 5 costs about $452/year vs $1750/year for gas in the Lexus RX. That's $1298/year in fuel savings alone.
Your electricity rate matters
Home charging is the EV's biggest lever. Every 1¢/kWh lower saves about $35/year ($174 over 5 years) for the Ioniq 5. Charging from rooftop solar can lower it further. Enter your actual overnight or solar rate above to see your own numbers.
Maintenance
EVs have fewer moving parts — no oil changes, less brake wear, no transmission fluid. The Ioniq 5 saves roughly $3250 in maintenance over the ownership period.
Depreciation & Resale
The Lexus RX holds 68% of its value vs 41% for the Ioniq 5. Purchase price and resale value are often the largest factors in total cost of ownership.
Insurance
EV insurance tends to run higher due to specialized repair costs. We've included $1,950/year for the Ioniq 5 vs $2,200/year for the Lexus RX in the total comparison.
Share Your Result
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I'd save $7,731 over 5 years with a Hyundai Ioniq 5 vs Lexus RX 350. Break-even in 1.5 years. Check yours → isevworthit.com
About the Hyundai Ioniq 5
The Hyundai Ioniq 5 is a fully electric suv with an efficiency of 0.29 kWh per mile. Priced at $36,850, it costs around $550/year to maintain and $1,950/year to insure.
About the Lexus RX 350
The Lexus RX 350 is a gas-powered suv achieving 24 MPG. Priced at $57,050, it costs around $1,200/year to maintain and $2,200/year to insure. Note that these vehicles are in different classes — keep size and use-case differences in mind.
How We Calculate Total Cost
Total cost of ownership includes purchase price, fuel or charging costs over your ownership period, annual maintenance, annual insurance, minus estimated resale value based on depreciation. This gives you the true all-in cost of each vehicle — not just the sticker price.