2027 Hyundai Ioniq 5 RWD: home charging cost in New Jersey

In New Jersey, home electricity runs 23.65¢/kWh — put a 2027 Hyundai Ioniq 5 RWD's EPA-rated 30 kWh/100mi against that and 100 miles costs $7.1, versus $16.02 for a gas car averaging 25.5 mpg. Charging at home is much cheaper than gas here: 55.7% less than gas per mile, here specifically.

2027 Hyundai Ioniq 5 RWD: yearly cost in New Jersey

Driving 15,000 miles a year — fueleconomy.gov's own default assumption — a 2027 Hyundai Ioniq 5 RWD charged at home in New Jersey costs about $1,064/year in electricity, against about $2,403/year for the gas-car comparison. That's a savings of about $1,339 a year.

What one full charge costs

A 2027 Hyundai Ioniq 5 RWD needs roughly 95.4 kWh to reach its EPA-rated 318-mile range, which runs about $22.56 at 23.65¢/kWh in New Jersey.

2027 Hyundai Ioniq 5 RWD in New Jersey, ranked

This combination ranks 13,249 of 20,400 state/model pairs for cost savings against gas (1 is cheapest). The Hyundai Ioniq 5 RWD alone ranks 55 of 400 models for efficiency; New Jersey alone ranks 40 of 51 states for electricity price.

Before you install a home charger in New Jersey

The numbers above assume Level 2 home charging is already in place — the electrical work behind that is a real, separate cost that varies by panel, wiring, and local labor rates, not something this page's per-mile math includes.

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

Where these figures come from

Every figure on this page traces to a named EIA or EPA dataset — see the methodology guide. 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.