Hyundai Ioniq 5 Ownership: A Breakdown of Costs After 19,500 km in 15 Months
Cost Breakdown of Owning a Hyundai Ioniq 5: Real Experience Over 19,500 km
User Hayek shared an interesting breakdown of his experiences with his Hyundai Ioniq 5, especially about the costs involved in maintaining an electric vehicle (EV) in India. It’s remarkable how quickly time passes; he has owned his Ioniq 5 for just over 15 months and has already driven it more than 19,500 kilometers. This amount of usage brought him to his second service appointment.
What Does the Second Service Include?
For the second service, Hyundai doesn’t do a lot, but it does cover essential maintenance tasks. The services include:
- Cleaning of brake discs
- Maintenance of sunroof guide rails
- Optional wheel alignment and balancing
- Interior cleaning
The cost of this service came to around ₹6,500, which is quite reasonable for an EV.
Detailed Cost Analysis Over 19,500 km
Hayek provided a clear breakdown of his total expenditures over these kilometers, which totals ₹171,000, or less than ₹9 per kilometer. Here’s how it adds up:
- Electricity usage: 3,300 units costing ₹33,000
- Insurance for the car: ₹81,000
- Maintenance services, including an additional wheel hub cap: ₹14,500
- Detailing: ₹8,000
- Repairs for a dent in the car: ₹30,000
- Fixed electricity charges: ₹4,500
Insurance Costs Explained
Out of these expenses, about 50% is related to the car’s insurance. Insurance is an essential part of owning a vehicle, especially for an electric one, which may have higher repair costs. Hayek mentioned that he could have claimed insurance to cover the repair costs for a dent but chose not to. This decision can sometimes save you from increased premiums later, though it often depends on personal choice and situation.
Electricity Costs: Understanding Charging Expenses
Electricity costs can vary significantly depending on your location and the availability of charging stations. For Hayek, the total cost of electrical energy consumed for the Ioniq 5 amounted to ₹33,000 for 3,300 units. It’s worth noting that charging an electric vehicle is generally less expensive than fueling a traditional gasoline vehicle, which can be a significant advantage for EV owners.
Unexpected Expenses
In addition to regular expenses, unexpected costs can arise. Hayek had to pay ₹30,000 to fix a dent, which shows that maintaining a car, even an electric one, can involve surprise expenses. Getting quality detailing done also adds to the upkeep costs, amounting to ₹8,000. It’s important for EV owners to keep an emergency budget for such situations.
Future Considerations
For potential EV buyers, it’s essential to consider all these factors when budgeting for an electric vehicle. The overall cost per kilometer for Hayek, which is under ₹9, can be appealing, especially compared to conventional vehicles. Nevertheless, expenses like insurance, maintenance, and unexpected repairs should also be factored into your long-term ownership budget.
Feel free to check out more comments and insights from other car enthusiasts regarding the Hyundai Ioniq 5 and electric vehicle ownership. Many owners share valuable tips that can help new buyers navigate costs and maintenance effectively.
