Sony has revealed the requirements if you want to use your PSVR unit on your new PlayStation 5.
So first, the good news is that your PSVR will work on your PS5, however you’ll need some PS4 hardware.
First, the new PS5 camera is NOT compatible with the PSVR so you’ll need a current-gen camera (so the one you are using now with your PS4) to make it work. Also a DualShock PS4 controller is needed! A PS5 controller won’t work if you power on the PSVR unit.
So if you’re planning to sell your PS4 console and all its other hardware but still want to use your PSVR on PS5, be aware that you need that PS4 camera and one (or more) PS4 DualShock controllers (or Move)!