What it costs to charge a 2027 Hyundai Ioniq 5 RWD in Michigan

In Michigan, home electricity runs 21.14¢/kWh — put a 2027 Hyundai Ioniq 5 RWD's EPA-rated 30 kWh/100mi against that and 100 miles costs $6.34, versus $16.02 for a gas car averaging 25.5 mpg. That works out to 60.4% cheaper per mile than gasoline in Michigan — charging at home is much cheaper than gas here.

2027 Hyundai Ioniq 5 RWD: yearly cost in Michigan

Home charging this 2027 Hyundai Ioniq 5 RWD in Michigan runs about $951 over fueleconomy.gov's default 15,000 annual miles, versus about $2,403 for the gasoline equivalent. Call it about $1,452 saved annually, at this mileage.

What one full charge costs

$20.17 — that's what Michigan's 21.14¢/kWh rate puts on the 95.4 kWh a 2027 Hyundai Ioniq 5 RWD needs for its full 318-mile EPA range.

How this compares nationally

Among all 20,400 state-and-model combinations this site tracks, charging a 2027 Hyundai Ioniq 5 RWD in Michigan ranks 10,839 for cost savings versus gas — 1 being the best deal nationally. Separately, the Hyundai Ioniq 5 RWD ranks 55 of 400 EV models for raw efficiency, and Michigan ranks 38 of 51 for cheapest residential electricity.

Before you install a home charger in Michigan

Everything above is the per-mile and per-year cost once a home charger exists — getting one installed is a separate electrical job whose price depends on your panel and wiring, not the state average used here.

Line up a few Michigan electrician quotes for Level 2 install before you commit either way.

More on how this number was built

Every figure on this page traces to a named EIA or EPA dataset — see the methodology guide. Curious how Michigan's 21.14¢/kWh compares? The guide to charging cost by state ranks every state side by side.