Question 1

Which has lower long-term cost — Chevrolet Equinox EV or Hyundai IONIQ 5?

Accepted Answer

Based on national-average assumptions, the Hyundai IONIQ 5 is about $333 cheaper to own over 5 years. The breakdown includes depreciation, insurance, fuel or energy, maintenance, financing, and registration. Your localized total may differ based on state fuel prices, insurance rates, and EV registration fees.

Question 2

Which is cheaper to insure — Chevrolet Equinox EV or Hyundai IONIQ 5?

Accepted Answer

Insurance varies by state, ZIP code, age, and credit tier. Enter a ZIP to see a localized estimate; both vehicles' national-average premiums are shown on the compare page.

Question 3

Which depreciates faster — Chevrolet Equinox EV or Hyundai IONIQ 5?

Accepted Answer

Depreciation over the first five years is itemized in the cost breakdown. Luxury and EV models typically lose more value in early years; segment leaders and Toyota/Honda hold value better.

Question 4

Is the Chevrolet Equinox EV better than the Hyundai IONIQ 5?

Accepted Answer

It depends on how you drive. The compare page scores both vehicles across five pillars — cost of ownership, powertrain, driver assistance, livability, and safety — combined into one MotiveGrid Score, alongside a 5-year cost breakdown and a clear verdict. Pick the one whose strengths match how you actually use a car.

Question 5

Why do these two vehicles get different ADAS (driver-assist) scores?

Accepted Answer

Our ADAS scale weighs sensor stack (radar + camera vs camera-only), hands-free operating domain (highway vs any divided road), driver-monitoring quality (eye-tracking vs torque sensor), and whether the system gets OTA improvements. Two vehicles can advertise the same feature names and still score 20+ points apart once operating envelope and update cadence are accounted for.

Question 6

Why does EV depreciation differ from a comparable gas vehicle?

Accepted Answer

EV residuals follow a different curve for three reasons. Aggressive manufacturer price cuts and subsidized lease deals compress the used market — a new EV often transacts well below MSRP, dragging down used values. Battery state-of-health uncertainty creates a risk premium on used EVs. And fast-improving charging speed, range, and ADAS hardware make a 3-year-old EV feel older than a 3-year-old gas car.

Metric	Chevrolet Equinox EV	Hyundai IONIQ 5
MotiveGrid Score	66	78
Cost of Ownership	78	79
Powertrain	57	58
Driver Assistance	16	49
Livability	29	40
Safety	99	100
5-Year Cost to Own	$46,049	$45,716
Depreciation (5-yr)	$20,297	$21,455
Fuel / Energy (5-yr)	$3,432	$3,585
Insurance (5-yr)	$12,120	$10,795
Maintenance (5-yr)	$1,275	$955
Tires (5-yr)	$2,050	$2,050
Financing (5-yr)	$5,265	$5,266
Registration (5-yr)	$1,610	$1,610
Starting Price	$34,995	$35,000
Horsepower	213 hp	168 hp
Electric range	319 mi	245 mi
Cargo volume	26.4 cu ft	27 cu ft
Seating	5	5
Towing capacity	1,500 lbs	0 lbs
Drivetrain	FWD	RWD

Chevrolet Equinox EV vs. Hyundai IONIQ 5

Five measured pillars, weighted into one score.

Which vehicle is right for you

Cost of Ownership

Frequently asked questions

Where these rank

Helpful guides