Chevrolet Blazer EV vs Hyundai IONIQ 5: cost to own

Verdict, over 6 years

They cost about the same

Within $911: too close to call. Closest matching trims: same fuel and drive where possible.

Blazer EV LT FWD$1,388/moTrue cost

IONIQ 5 Preferred Long Range$1,400/moTrue cost

2026 Chevrolet Blazer EV

Closest matching trim: Blazer EV LT FWD

Sticker (MSRP)$55,699

+$11,132→↓Freight, fees, HST

Drive away$66,831

+ running costs→↓− $19,260 resale

True cost$1,388/moA month to own, after resale

2026 Hyundai IONIQ 5

Closest matching trim: IONIQ 5 Preferred Long Range

Sticker (MSRP)$55,499

+$10,656→↓Freight, fees, HST

Drive away$66,155

+ running costs→↓− $19,191 resale

True cost$1,400/moA month to own, after resale

Line by line


Price
Sticker (MSRP)	$55,699	✓ $55,499	IONIQ 5 by $200
Freight and fees, before tax	$3,444	✓ $3,045	IONIQ 5 by $399
Sales tax (HST)	$7,689	✓ $7,611	IONIQ 5 by $78
Drive-away price	$66,831	✓ $66,155	IONIQ 5 by $676
Running costs, 6 years
Fuel or charging	$3,716	✓ $2,842	IONIQ 5 by $874
Insurance (estimate)	✓ $15,903	$19,005	Blazer EV by $3,102
Maintenance (estimate)	$5,999	✓ $5,562	IONIQ 5 by $437
Loan rate	6.5%	6.5%	—
Loan interest	$13,004	✓ $12,862	IONIQ 5 by $142
Lost return on your money	$13,629	✓ $13,499	IONIQ 5 by $130
Resale after 6 yrs	✓ −$19,260	−$19,191	Blazer EV by $69
Total
True cost	✓ $99,914	$100,824	Blazer EV by $910
True cost a month	✓ $1,388/mo	$1,400/mo	Blazer EV by $12
You pay each month	✓ $1,396/mo	$1,410/mo	Blazer EV by $14
Practical
Fuel type	Electric	Electric	—
Seats	5	5	—
Carry-ons, 2 people	6	6	—
Towing, lb	1,500	✓ 2,700	—
Fast charge, minutes	—	18 (10-80%)	—
Cargo behind row 2, litres	722	✓ 745	—
Range, km (winter about 70%)	502 (351)	✓ 504 (353)	—
Length	4.88 m	4.66 m	—
Ground clearance	✓ 19 cm	16 cm	—
Resale % after 6 yrs	35%	35%	—
US crash test	✓ 5★ (closest version)	Not rated yet	—
European crash test	—	✓ 5★ (2021)	—

Price

Sticker (MSRP)

Blazer EV LT FWD $55,699IONIQ 5 Preferred Long Range ✓ $55,499Cheaper by IONIQ 5 by $200

Freight and fees, before tax

Blazer EV LT FWD $3,444IONIQ 5 Preferred Long Range ✓ $3,045Cheaper by IONIQ 5 by $399

Sales tax (HST)

Blazer EV LT FWD $7,689IONIQ 5 Preferred Long Range ✓ $7,611Cheaper by IONIQ 5 by $78

Drive-away price

Blazer EV LT FWD $66,831IONIQ 5 Preferred Long Range ✓ $66,155Cheaper by IONIQ 5 by $676

Running costs, 6 years

Fuel or charging

Blazer EV LT FWD $3,716IONIQ 5 Preferred Long Range ✓ $2,842Cheaper by IONIQ 5 by $874

Insurance (estimate)

Blazer EV LT FWD ✓ $15,903IONIQ 5 Preferred Long Range $19,005Cheaper by Blazer EV by $3,102

Maintenance (estimate)

Blazer EV LT FWD $5,999IONIQ 5 Preferred Long Range ✓ $5,562Cheaper by IONIQ 5 by $437

Loan rate

Blazer EV LT FWD 6.5%IONIQ 5 Preferred Long Range 6.5%Cheaper by —

Loan interest

Blazer EV LT FWD $13,004IONIQ 5 Preferred Long Range ✓ $12,862Cheaper by IONIQ 5 by $142

Lost return on your money

Blazer EV LT FWD $13,629IONIQ 5 Preferred Long Range ✓ $13,499Cheaper by IONIQ 5 by $130

Resale after 6 yrs

Blazer EV LT FWD ✓ −$19,260IONIQ 5 Preferred Long Range −$19,191Cheaper by Blazer EV by $69

Total

True cost

Blazer EV LT FWD ✓ $99,914IONIQ 5 Preferred Long Range $100,824Cheaper by Blazer EV by $910

True cost a month

Blazer EV LT FWD ✓ $1,388/moIONIQ 5 Preferred Long Range $1,400/moCheaper by Blazer EV by $12

You pay each month

Blazer EV LT FWD ✓ $1,396/moIONIQ 5 Preferred Long Range $1,410/moCheaper by Blazer EV by $14

Practical

Fuel type

Blazer EV LT FWD ElectricIONIQ 5 Preferred Long Range ElectricCheaper by —

Seats

Blazer EV LT FWD 5IONIQ 5 Preferred Long Range 5Cheaper by —

Carry-ons, 2 people

Blazer EV LT FWD 6IONIQ 5 Preferred Long Range 6Cheaper by —

Towing, lb

Blazer EV LT FWD 1,500IONIQ 5 Preferred Long Range ✓ 2,700Cheaper by —

Fast charge, minutes

Blazer EV LT FWD —IONIQ 5 Preferred Long Range 18 (10-80%)Cheaper by —

Cargo behind row 2, litres

Blazer EV LT FWD 722IONIQ 5 Preferred Long Range ✓ 745Cheaper by —

Range, km (winter about 70%)

Blazer EV LT FWD 502 (351)IONIQ 5 Preferred Long Range ✓ 504 (353)Cheaper by —

Length

Blazer EV LT FWD 4.88 mIONIQ 5 Preferred Long Range 4.66 mCheaper by —

Ground clearance

Blazer EV LT FWD ✓ 19 cmIONIQ 5 Preferred Long Range 16 cmCheaper by —

Resale % after 6 yrs

Blazer EV LT FWD 35%IONIQ 5 Preferred Long Range 35%Cheaper by —

US crash test

Blazer EV LT FWD ✓ 5★ (closest version)IONIQ 5 Preferred Long Range Not rated yetCheaper by —

European crash test

Blazer EV LT FWD —IONIQ 5 Preferred Long Range ✓ 5★ (2021)Cheaper by —

✓ marks the better figure. Resale for both is typical for their type and brand (unless you lease). Their stickers differ by $200.