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How Much Does It Cost to Charge a BMW i5 in New Jersey?

Quick Answer

Charging a 2026 BMW i5 at home in New Jersey costs approximately $59/month — that's $0.059/mile and saves $788/year compared to a 28 MPG gas car at New Jersey's gas price of $3.50/gallon.

Sedans offer excellent aerodynamics and some of the highest efficiency ratings in the EV market, making them among the most cost-effective EVs to run daily. Moderate climates provide near-optimal EV performance year-round. Expect battery range close to EPA estimates and consistent charging costs across seasons.

Cost per Mile

$0.059

home charging

Monthly Cost

$59

1,000 miles/month

Annual Savings

$788

vs. 28 MPG gas car

About the 2026 BMW i5

The BMW i5 is the electric 5 Series — one of the most eagerly awaited EV transitions in automotive history. At $66,800, it offers 295 miles of range in the eDrive40 configuration, with M60 xDrive delivering 601 hp for those who want executive sedan performance at supercar levels.

Advantages

✓295 miles in eDrive40 — solid range for a full-size luxury sedan

✓Executive-class interior quality is benchmark-setting

✓M60 produces 601 hp and 0–60 in 3.8 seconds

✓Bi-directional charging (V2H) available on select markets

Considerations

✗$66,800+ price positions it against Tesla Model S at a lower price

✗3.2 mi/kWh efficiency is below the Model S in the same class

✗205 kW charging is strong but not 800V level

✗Limited model variety vs. gas 5 Series lineup

Ideal Buyer

5 Series loyalists who want to transition to electric without sacrificing interior quality or driving refinement. Executive lease buyers who need a premium EV statement car.

vs. Gas Equivalent

Direct EV replacement for the BMW 5 Series 530i or 540i. Gas equivalent fuel economy is approximately 26–28 MPG.

BMW i5 Charging Cost Breakdown in New Jersey

New Jersey's electricity rate of $0.19/kWh is above the national average of $0.17/kWh. At this rate, the BMW i5's 84 kWh battery costs $15.96 for a full charge — a meaningful savings versus gas at current prices.

Charging Method

$/kWh

$/month

$/year

🏠 Home (Level 2)

$0.19

$59

$713

🔌 Public Level 2

$0.34

$107

$1,283

⚡ DC Fast Charger

$0.49

$153

$1,838

⛽ Gasoline (28 MPG)

$3.50/gal

$125

$1,500

Based on 1,000 miles/month. Public L2 estimated at 1.8× home rate. DC fast charging at national average of $0.49/kWh.

2026 BMW i5Specs & Charging Data

205 kW DC fast charging. The 84 kWh battery charges 10–80% in approximately 31 minutes. Level 2 at home (11 kW) fully charges in approximately 7 hours.

Battery

84 kWh

EPA Range

295 miles

Efficiency

3.2 mi/kWh

kWh/100 miles

31.3 kWh

DC Fast Charge

205 kW max

10–80% Time

~25 min

Body Type

Sedan

MSRP

$66,800

Full Charge Cost

$15.96

EV Ownership in New Jersey

New Jersey has strong EV adoption, particularly in the NYC commuter suburbs. High gas prices, access to the Turnpike fast-charging network, and strong state incentives make NJ a favorable EV market.

Incentives & Programs

New Jersey's Charge Up NJ program offers rebates up to $4,000. PSE&G offers Level 2 charger rebates and EV charging programs. No state sales tax on EVs (as of the Clean Energy Act) further reduces upfront costs.

Charging Infrastructure

The NJ Turnpike and Garden State Parkway have growing DCFC coverage. Northern NJ has excellent urban charging density. Atlantic City and Shore areas are growing. South Jersey has moderate coverage.

Grid & Energy Source

New Jersey's grid draws from PJM — mix of nuclear (~37%, including Salem and Hope Creek plants), natural gas (~35%), and growing renewables. NJ has aggressive offshore wind goals (7.5 GW by 2035) that will clean the grid significantly.

New JerseyElectricity Rates & EV Savings

The average residential electricity rate in New Jersey is $0.19/kWh, which is above the national average of $0.17/kWh. With a gas price of $3.50/gallon, New Jersey ranks as a favorable state for EV ownership.

Moderate climates provide near-optimal EV performance year-round. Expect battery range close to EPA estimates and consistent charging costs across seasons. Your BMW i5's 84 kWh battery provides up to 295 miles of EPA-rated range. Real-world range may vary by 10–30% depending on temperature, speed, and terrain.

Annual EV Cost (home)

$713

BMW i5 @ $0.19/kWh

Annual Gas Cost (28 MPG)

$1,500

@ $3.50/gallon in New Jersey

You save every year by driving electric in New Jersey

$788/year

That's $66/month saved vs. a 28 MPG gas car

Home vs. DC Fast Charging in New Jersey

Monthly cost comparison for 1,000 miles in a BMW i5:

🏠 Home L2

$59

$59/mo

🔌 Public L2

$107

$107/mo

⚡ DC Fast

$153

$153/mo

⛽ Gasoline

$125

$125/mo

Tips for Charging Your BMW i5 in New Jersey

New Jersey's moderate climate and charging infrastructure have specific implications for BMW i5 owners. Here are practical tips to maximize range and minimize charging costs in this state:

PSE&G's EV charging plan offers off-peak rates around $0.09–0.11/kWh — a significant discount from NJ's otherwise high electricity costs.

Turnpike rest stops have growing DCFC infrastructure — convenient for I-95 corridor travelers.

NJ's no-sales-tax on EVs saves $2,000–$8,000 at purchase — one of the best at-purchase incentives in the Northeast.

Newark and Jersey City residents without home charging: ChargePoint and BLINK have growing Level 2 networks in urban garages.

Frequently Asked Questions

How much does it cost to charge a BMW i5 at home in New Jersey?

At New Jersey's average residential rate of $0.19/kWh, charging a 2026 BMW i5 at home costs approximately $59/month based on 1,000 miles of driving. A full charge costs $15.96.

How much does it cost to fully charge a BMW i5?

A full charge of the BMW i5's 84 kWh battery costs $15.96 at New Jersey's rate of $0.19/kWh. At a public DC fast charger ($0.49/kWh), that's about $41.16.

Is it cheaper to charge a BMW i5 or drive a gas car in New Jersey?

Home charging the BMW i5 in New Jersey costs $0.059/mile. A comparable 28 MPG gas car costs $0.13/mile at New Jersey's gas price of $3.50/gallon. EVs save approximately $788/year.

How long does it take to charge a BMW i5 with DC fast charging?

The BMW i5 supports up to 205 kW DC fast charging. A 10–80% charge takes approximately 25 minutes at peak speed. Actual time varies by charger capacity, battery temperature, and current state of charge.

How much does a BMW i5 add to your electric bill in New Jersey?

Driving 1,000 miles/month in a BMW i5 adds about $59 to your monthly electric bill in New Jersey. That's 31.3 kWh per 100 miles × $0.19/kWh.