Charging a 2027 Hyundai Ioniq 5 AWD (19inch Wheels) at home in New Jersey

In New Jersey, home electricity runs 23.65¢/kWh — put a 2027 Hyundai Ioniq 5 AWD (19inch Wheels)'s EPA-rated 31.7 kWh/100mi against that and 100 miles costs $7.49, versus $16.02 for a gas car averaging 25.5 mpg. That works out to 53.2% cheaper per mile than gasoline in New Jersey — charging at home is much cheaper than gas here.

What a year of driving costs

New Jersey owners putting 15,000 annual miles on a 2027 Hyundai Ioniq 5 AWD (19inch Wheels) spend about $1,123 on home electricity, compared to about $2,403 a gas-car equivalent would spend on fuel. Call it about $1,280 saved annually, at this mileage.

What one full charge costs

At New Jersey's rate, fully covering this 2027 Hyundai Ioniq 5 AWD (19inch Wheels)'s 290-mile EPA range costs about $21.72 (91.8 kWh) — the energy the EPA test actually used, not the battery's rated size.

2027 Hyundai Ioniq 5 AWD (19inch Wheels) in New Jersey, ranked

Among all 20,400 state-and-model combinations this site tracks, charging a 2027 Hyundai Ioniq 5 AWD (19inch Wheels) in New Jersey ranks 14,175 for cost savings versus gas — 1 being the best deal nationally. Separately, the Hyundai Ioniq 5 AWD (19inch Wheels) ranks 81 of 400 EV models for raw efficiency, and New Jersey ranks 40 of 51 for cheapest residential electricity.

Before you install a home charger in New Jersey

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.

Get quotes from local electricians for Level 2 charger installation in New Jersey before deciding.

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 New Jersey's 23.65¢/kWh compares? The guide to charging cost by state ranks every state side by side.