New Jersey home charging cost for the 2027 Hyundai Ioniq 5 Standard range

At New Jersey's residential electricity rate of 23.65¢/kWh, a 2027 Hyundai Ioniq 5 Standard range (rated 29 kWh per 100 miles by the EPA) costs $6.86 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. Charging at home is much cheaper than gas here: 57.2% less than gas per mile, here specifically.

2027 Hyundai Ioniq 5 Standard range: yearly cost in New Jersey

At fueleconomy.gov's default of 15,000 annual miles, the 2027 Hyundai Ioniq 5 Standard range costs roughly $1,029 a year to charge at home in New Jersey, against roughly $2,403 a year for an equivalent gas car. That's a savings of about $1,374 a year.

Filling up the 2027 Hyundai Ioniq 5 Standard range, in dollars

Covering the 2027 Hyundai Ioniq 5 Standard range's EPA-rated 245-mile range takes about 71.1 kWh, which costs about $16.8 at New Jersey's residential rate — figured from the EPA's own combined range and consumption numbers, not the pack's nameplate capacity.

Where this ranks

This combination ranks 12,679 of 20,400 state/model pairs for cost savings against gas (1 is cheapest). The Hyundai Ioniq 5 Standard range alone ranks 38 of 400 models for efficiency; New Jersey alone ranks 40 of 51 states for electricity price.

Getting set up to charge a 2027 Hyundai Ioniq 5 Standard range at home

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. New Jersey's 23.65¢/kWh rate ranks 40 of 51 states; the state rate guide lays out the full spread.