Charging a 2027 Genesis GV60 Magma at home in New Jersey

In New Jersey, home electricity runs 23.65¢/kWh — put a 2027 Genesis GV60 Magma's EPA-rated 43 kWh/100mi against that and 100 miles costs $10.17, versus $16.02 for a gas car averaging 25.5 mpg. That works out to 36.5% cheaper per mile than gasoline in New Jersey — charging at home is cheaper than gas here.

What a year of driving costs

New Jersey owners putting 15,000 annual miles on a 2027 Genesis GV60 Magma spend about $1,525 on home electricity, compared to about $2,403 a gas-car equivalent would spend on fuel. Call it about $878 saved annually, at this mileage.

Filling up the 2027 Genesis GV60 Magma, in dollars

At New Jersey's rate, fully covering this 2027 Genesis GV60 Magma's 222-mile EPA range costs about $22.58 (95.5 kWh) — the energy the EPA test actually used, not the battery's rated size.

Where this ranks

Among all 20,400 state-and-model combinations this site tracks, charging a 2027 Genesis GV60 Magma in New Jersey ranks 17,589 for cost savings versus gas — 1 being the best deal nationally. Separately, the Genesis GV60 Magma ranks 323 of 400 EV models for raw efficiency, and New Jersey ranks 40 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.

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

More on how this number was built

The methodology guide names the exact EIA and EPA tables behind this page's numbers. New Jersey's 23.65¢/kWh rate ranks 40 of 51 states; the state rate guide lays out the full spread.