EV IM5What does it cost to run?
Charging mostly at home, the IM5 Premium costs about $11.21 a week in Tasmania and $17.10 in South Australia for 250 km of driving. A full charge of its 71 kWh battery costs $17.61 to $29.75 at home.
What would it cost you?
Fine-tune the numbers
IM5 charging costs by state
Per week assumes 250 km with 90% of charging at home. Cheapest state in green. *Per year assumes 15,000 km, all home charging.
IM5 Premium
| State | Full charge | Per week | Per year* |
|---|---|---|---|
| NSW | $24.07 | $14.35 | $778 |
| Victoria | $20.16 | $12.45 | $652 |
| Queensland | $19.88 | $12.32 | $643 |
| South Australia | $29.75 | $17.10 | $962 |
| WA | $23.64 | $14.14 | $764 |
| Tasmania | $17.61 | $11.21 | $569 |
| ACT | $26.27 | $15.41 | $849 |
| NT | $21.37 | $13.04 | $691 |
IM5 Platinum
| State | Full charge | Per week | Per year* |
|---|---|---|---|
| NSW | $30.51 | $14.35 | $778 |
| Victoria | $25.56 | $12.45 | $652 |
| Queensland | $25.20 | $12.32 | $643 |
| South Australia | $37.71 | $17.10 | $962 |
| WA | $29.97 | $14.14 | $764 |
| Tasmania | $22.32 | $11.21 | $569 |
| ACT | $33.30 | $15.41 | $849 |
| NT | $27.09 | $13.04 | $691 |
IM5 Performance
| State | Full charge | Per week | Per year* |
|---|---|---|---|
| NSW | $30.51 | $16.32 | $885 |
| Victoria | $25.56 | $14.16 | $741 |
| Queensland | $25.20 | $14.01 | $731 |
| South Australia | $37.71 | $19.45 | $1,094 |
| WA | $29.97 | $16.08 | $869 |
| Tasmania | $22.32 | $12.75 | $647 |
| ACT | $33.30 | $17.53 | $966 |
| NT | $27.09 | $14.83 | $786 |
Price, range and charging times
Charging times are from empty to full and approximate.
| Variant | Price | Battery | Claimed range | Full charge, home wallbox | Full charge, power point | Max fast charge |
|---|---|---|---|---|---|---|
| Premium | $60,990 + on-roads | 71 kWh | 490 km | 10 hours | 30 hours | 153 kW |
| Platinum | $69,990 + on-roads | 90 kWh | 655 km | 13 hours | 38 hours | 396 kW |
| Performance | $80,990 + on-roads | 90 kWh | 575 km | 13 hours | 38 hours | 396 kW |
What a IM5 costs to own over 5 years
250 km a week in NSW, mostly charged at home. Scheduled service every 12 months or 20,000 km, averaging about $450 a visit (estimate, as pricing for this model is not yet published). Warranty: 7 yrs / unlimited km.
| Variant | On the road* | Home charger | Charging / yr | Servicing / yr | Tyres / yr | 5-year total |
|---|---|---|---|---|---|---|
| Premium | $64,990 | $2,000 | $746 | $450 | $607 | $76,004 |
| Platinum | $73,990 | $2,000 | $746 | $450 | $607 | $85,004 |
| Performance | $84,990 | $2,000 | $848 | $450 | $607 | $96,516 |
Cost to own = price (plus about $4,000 on-road costs where the price is before on-roads) + a home wallbox for EVs (about $2,000, one-off) + charging or fuel + scheduled servicing + tyres. It leaves out insurance, registration and resale value, which vary too much by person and car to estimate fairly. Resale value is the biggest unknown, especially for newer brands.
Before you buy: three things that change the cost
Where you'll charge
Charging at home is roughly half the price of public fast chargers, and overnight off-peak plans can be cheaper again. Without a garage or driveway you'll rely on public chargers, which narrows the saving over petrol. Most owners pay an electrician to fit a wallbox for faster home charging.
How far you really go on a charge
Claimed ranges come from a lab test. Expect noticeably less on the highway at 110 km/h, with the air-con running or when towing. Choose a car whose range comfortably covers your longest regular trip.
The novated lease tax break ends for some cars
Eligible EVs bought through a novated lease are currently exempt from fringe benefits tax. From 1 April 2027 the full exemption only applies to EVs valued at $75,000 or less, so most cars on this site still qualify. Leases already in place keep their current treatment.
Common questions
How much is a IM5 in Australia?
The IM5 starts from $60,990 + on-roads (October 2026). Prices change often, so check with a dealer.
How much does a IM5 cost to run each week?
Charging mostly at home and driving 250 km a week, the IM5 Premium costs about $11.21 in Tasmania to $17.10 in South Australia, using 2026–27 default electricity prices.
How much does it cost to fully charge a IM5?
A full charge of the 71 kWh battery costs about $17.61 to $29.75 at home, depending on your state, or about $49.70 at a public fast charger.
How long does a IM5 take to charge at home?
About 10 hours from empty on a 7 kW home wallbox, or about 30 hours from a normal power point. Most owners top up overnight rather than charging from empty.
How far can a IM5 go on a charge?
Claimed range is up to 655 km on the WLTP test. Expect less at highway speeds or with the air-con on.
IM5 head to head
- IM5 vs Tesla Model 3
- IM5 vs Hyundai Ioniq 6
- IM5 vs Polestar 2
- IM5 vs Cupra Born
- IM5 vs Zeekr 7GT
- IM5 vs Mercedes-Benz CLA
- IM5 vs Mini Cooper Electric
- IM5 vs Renault Megane E-Tech
Against hybrids and plug-ins
Closest rivals
How we work it out
Weekly cost is the car's claimed energy use (kWh per 100 km) × your distance × your electricity price. "Per week" figures on this site assume 250 km a week with 90% of charging at home. Petrol comparisons use the fuel use and price you choose. Prices are list prices at October 2026 and change often; check with the dealer.
- Electricity: 2026–27 default or regulated flat rates from the AER Default Market Offer (NSW, SE QLD, SA), Victorian Default Offer, Aurora Energy (TAS), Jacana Energy (NT), Synergy (WA) and ActewAGL (ACT).
- Public charging: Sydney survey of Chargefox, Evie, NRMA, Tesla and BP Pulse prices, July 2026.
- Car specs and prices: manufacturer figures as published by CarExpert, AEVA EV fact sheets, Drive and EV Central's car guide. Some prices are the publisher's estimates; check with a dealer.
- Servicing: published capped-price schedules (BYD Sealion 7, BYD Seal, Geely EX5, Jaecoo J5 EV, Kia EV5, Zeekr 7X). Tesla has no fixed service schedule and CarExpert's EV servicing comparison. Where a model's pricing isn't published yet we use the brand's nearest model and mark it as an estimate.
- Tyres: RACV puts EV tyre life at 20,000–40,000 km; replacement set prices from Gridly's 2026 EV tyre cost guide.
- Petrol and diesel: ACCC average retail unleaded and diesel prices in each capital city, 21 October 2026 (ACCC weekly fuel price monitoring).
- Plug-in hybrids: prices, battery sizes and claimed electric range from CarExpert, Cars24, Zecar and The Beep. Real-world electric range is taken as 80% of the claim; plug-ins charged at home each night are assumed to do up to 85% of driving on electricity. Petrol use with a flat battery is our estimate from reviews where makers don't publish one.
- Diesel utes and SUVs: claimed combined fuel use and prices from CarExpert, 4X4 Australia and CarSauce. The HiLux automatic, Prado and Mazda CX-60 D50e are 48-volt mild-hybrid diesels; their small battery assists the engine but can't drive the car on its own.
- Petrol mild hybrids (Suzuki Swift Hybrid, Mazda CX-60 G40e): claimed fuel use and prices from CarExpert.
- Hybrids: claimed fuel use, prices and capped-price servicing as published by CarExpert and CarsGuide. Petrol and hybrid tyres usually last 40,000–60,000 km (RACV); we use 50,000 km.
- Home chargers: typically $1,000–$3,000 installed, about $2,000 typical (What's the Damage, October 2026).
- Novated lease rules: PwC summary of the May 2026 FBT changes.