What it costs to charge a 2026 Hyundai Ioniq 5 N in New Jersey

At New Jersey's residential electricity rate of 23.65¢/kWh, a 2026 Hyundai Ioniq 5 N (rated 43 kWh per 100 miles by the EPA) costs $10.17 to drive 100 miles on home charging, against $16.02 for the same distance in a car averaging 25.5 mpg on gasoline at $4.085/gallon. 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

Home charging this 2026 Hyundai Ioniq 5 N in New Jersey runs about $1,525 over fueleconomy.gov's default 15,000 annual miles, versus about $2,403 for the gasoline equivalent. Call it about $878 saved annually, at this mileage.

Cost of a full charge

$22.47 — that's what New Jersey's 23.65¢/kWh rate puts on the 95 kWh a 2026 Hyundai Ioniq 5 N needs for its full 221-mile EPA range.

2026 Hyundai Ioniq 5 N in New Jersey, ranked

Among all 20,400 state-and-model combinations this site tracks, charging a 2026 Hyundai Ioniq 5 N in New Jersey ranks 17,591 for cost savings versus gas — 1 being the best deal nationally. Separately, the Hyundai Ioniq 5 N ranks 325 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.

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. At 23.65¢/kWh, New Jersey sits in the middle of the national range — the guide to why charging cost varies by state shows where.