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

A 2027 Hyundai Ioniq 5 Standard range draws 29 kWh per 100 miles per the EPA; at Michigan's 21.14¢/kWh residential rate that's $6.13 per 100 miles charged at home, versus $16.02 for a 25.5-mpg gas car covering the same distance. That works out to 61.7% cheaper per mile than gasoline in Michigan — charging at home is much cheaper than gas here.

Annual cost, at 15 thousands miles a year

Home charging this 2027 Hyundai Ioniq 5 Standard range in Michigan runs about $920 over fueleconomy.gov's default 15,000 annual miles, versus about $2,403 for the gasoline equivalent. Call it about $1,483 saved annually, at this mileage.

What one full charge costs

$15.02 — that's what Michigan's 21.14¢/kWh rate puts on the 71.1 kWh a 2027 Hyundai Ioniq 5 Standard range needs for its full 245-mile EPA range.

How this compares nationally

Among all 20,400 state-and-model combinations this site tracks, charging a 2027 Hyundai Ioniq 5 Standard range in Michigan ranks 10,041 for cost savings versus gas — 1 being the best deal nationally. Separately, the Hyundai Ioniq 5 Standard range ranks 38 of 400 EV models for raw efficiency, and Michigan ranks 38 of 51 for cheapest residential electricity.

Next step: home charger installation

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.

Ask a licensed Michigan electrician to quote the install before this math becomes a real decision.

More on how this number was built

See the methodology guide for exactly which EIA and EPA figures feed 2027 Hyundai Ioniq 5 Standard range's cost in Michigan. Michigan's 21.14¢/kWh rate ranks 38 of 51 states; the state rate guide lays out the full spread.