New Mexico home charging cost for the 2027 Hyundai Ioniq 5 AWD (20inch Wheels)

In New Mexico, home electricity runs 14.82¢/kWh — put a 2027 Hyundai Ioniq 5 AWD (20inch Wheels)'s EPA-rated 34.5 kWh/100mi against that and 100 miles costs $5.11, versus $16.02 for a gas car averaging 25.5 mpg. Charging at home costs a fraction of what gas would here: 68.1% less than gas per mile, here specifically.

Annual cost, at 15 thousands miles a year

At fueleconomy.gov's default of 15,000 annual miles, the 2027 Hyundai Ioniq 5 AWD (20inch Wheels) costs roughly $767 a year to charge at home in New Mexico, against roughly $2,403 a year for an equivalent gas car. That's a savings of about $1,636 a year.

Filling up the 2027 Hyundai Ioniq 5 AWD (20inch Wheels), in dollars

Covering the 2027 Hyundai Ioniq 5 AWD (20inch Wheels)'s EPA-rated 269-mile range takes about 92.8 kWh, which costs about $13.75 at New Mexico'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 5,047 of 20,400 state/model pairs for cost savings against gas (1 is cheapest). The Hyundai Ioniq 5 AWD (20inch Wheels) alone ranks 136 of 400 models for efficiency; New Mexico alone ranks 17 of 51 states for electricity price.

Before you install a home charger in New Mexico

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.

Ask a licensed New Mexico electrician to quote the install before this math becomes a real decision.

Where these figures come from

The methodology guide names the exact EIA and EPA tables behind this page's numbers. New Mexico's 14.82¢/kWh rate ranks 17 of 51 states; the state rate guide lays out the full spread.