2023 Hyundai Ioniq 5 Premium EV Electricity · DV23 XPS

Running costs for this electric model are generally lower than internal combustion alternatives, primarily due to the efficiency of the electric drivetrain and lower maintenance requirements for moving parts. You should factor in the cost of home charging versus public rapid charging networks, which can vary significantly.

Insurance groups for the Ioniq 5 vary depending on the driver profile, but as a newer, high-tech vehicle, it is worth obtaining specific quotes. Maintenance costs are typically lower for EVs, but you should budget for periodic checks of suspension components and cabin filters. Estimated annual costs are highly dependent on your annual mileage and charging habits.

Start with a thorough inspection of the tyres, as this is the leading cause of MOT failures for this model type. Check for uneven wear which could indicate alignment issues. Given the mileage is above the annual average for this model, also inspect the brake pads and discs, though these often last longer on EVs due to regenerative braking.

Check the exterior grey paintwork for any signs of stone chips or damage, particularly on the front bumper, which is common for vehicles covering higher-than-average annual mileages. Finally, verify the integrity of the charging cable and the condition of the charging port for any signs of debris or damage.