Hyundai Ioniq 5 vs Kia EV6
The 2022 Hyundai Ioniq 5 and Kia EV6 share the same E-GMP platform, making them the most closely matched electric vehicle rivalry on the used market today. Both offer ultra-fast 800V charging, impressive range, and strong brand backing, yet subtle differences in styling, interior space, resale trajectory, and insurance costs can meaningfully shift five-year ownership math. Shoppers cross-shopping these two are essentially choosing between Hyundai's retro-futurist wagon proportions and Kia's sleeker crossover coupe identity at nearly identical price points.
The Ioniq 5 carries a roughly $1,500 lower purchase price on the used market and slightly better insurance rates, which together offset its marginally weaker resale retention versus the EV6, delivering a modestly lower five-year total cost of ownership for most buyers.
2022 Hyundai Ioniq 5
Winner- Lower starting used price reduces depreciation dollar impact
- Slightly cheaper insurance premiums on average nationally
- Spacious interior with flat floor and V2L adds lifestyle utility without extra cost
- Resale value slightly trails EV6 in auction data, accelerating nominal depreciation
- Some early 2022 units had OTA software issues requiring dealer visits
- Wider body can increase parking-lot ding risk and minor repair frequency
2022 Kia EV6
- Marginally stronger resale retention partially offsets higher purchase price
- GT-Line trim commands premium trade-in values, benefiting well-spec'd buyers
- Sportier driving dynamics may reduce impulse to upgrade sooner
- Higher acquisition cost increases total interest expense if financed
- Insurance costs run $10-15/month more than Ioniq 5 in most ZIP codes
- Slightly snugger rear headroom limits long-trip comfort for tall passengers
Category by category
The verdict
Over five years and 60,000 miles, the 2022 Hyundai Ioniq 5 edges out the EV6 by roughly $1,560 in total cost, driven primarily by its lower purchase price and cheaper insurance. The difference is modest enough that buyers who truly prefer the EV6's dynamics or design should not feel penalized for choosing it. Either vehicle represents an excellent used EV value with low running costs, fast charging capability, and strong manufacturer support.
Hyundai Ioniq 5: The Ioniq 5 is best for budget-conscious EV buyers who want the lowest monthly cost, maximum interior space, and V2L capability for camping or power outages.
Kia EV6: The EV6 is best for driving enthusiasts who prioritize sporty handling, slightly stronger resale value, and a sleeker exterior profile and are willing to pay a modest premium.
Frequently asked questions
Which has better range, the 2022 Ioniq 5 or EV6?
The 2022 Ioniq 5 AWD Long Range is EPA-rated at 266 miles while the EV6 AWD Long Range hits 274 miles; in RWD Long Range spec the EV6 leads at 310 miles versus 303 miles for the Ioniq 5.
Do 2022 Ioniq 5 and EV6 qualify for the federal used EV tax credit?
As of 2024, used EVs priced at or below $25,000 from a dealer qualify for up to $4,000; at ~$36,000–$37,500 these vehicles are above the price cap and do not currently qualify.
How much does it cost to charge a 2022 Ioniq 5 or EV6 at home?
With a 77.4 kWh usable battery and average US electricity at $0.16/kWh, a full charge costs roughly $12.40, translating to about $62/month at 12,000 miles per year.
Is the 2022 Ioniq 5 or EV6 cheaper to insure?
The Ioniq 5 typically costs $100–$150 less per year to insure nationally, though your specific rate will vary significantly by ZIP code, driving history, and trim level.
Which vehicle has a more comfortable back seat for tall adults?
The Ioniq 5's taller roofline and flat floor give rear passengers noticeably more headroom and legroom, making it the better choice for families or frequent adult rear-seat passengers.