What it costs to charge a 2027 Hyundai Ioniq 5 RWD in New Mexico

A 2027 Hyundai Ioniq 5 RWD draws 30 kWh per 100 miles per the EPA; at New Mexico's 14.82¢/kWh residential rate that's $4.45 per 100 miles charged at home, versus $16.02 for a 25.5-mpg gas car covering the same distance. That works out to 72.2% cheaper per mile than gasoline in New Mexico — charging at home costs a fraction of what gas would here.

2027 Hyundai Ioniq 5 RWD: yearly cost in New Mexico

Home charging this 2027 Hyundai Ioniq 5 RWD in New Mexico runs about $667 over fueleconomy.gov's default 15,000 annual miles, versus about $2,403 for the gasoline equivalent. Call it about $1,736 saved annually, at this mileage.

Cost of a full charge

$14.14 — that's what New Mexico's 14.82¢/kWh rate puts on the 95.4 kWh a 2027 Hyundai Ioniq 5 RWD needs for its full 318-mile EPA range.

Where this ranks

Among all 20,400 state-and-model combinations this site tracks, charging a 2027 Hyundai Ioniq 5 RWD in New Mexico ranks 2,261 for cost savings versus gas — 1 being the best deal nationally. Separately, the Hyundai Ioniq 5 RWD ranks 55 of 400 EV models for raw efficiency, and New Mexico ranks 17 of 51 for cheapest residential electricity.

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

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.

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

More on how this number was built

See the methodology guide for exactly which EIA and EPA figures feed 2027 Hyundai Ioniq 5 RWD's cost in New Mexico. Curious how New Mexico's 14.82¢/kWh compares? The guide to charging cost by state ranks every state side by side.