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How Much Does It Cost to Charge a Hyundai Ioniq 5 in Indiana?

Quick Answer

Charging a 2026 Hyundai Ioniq 5 at home in Indiana costs approximately $44/month — that's $0.044/mile and saves $971/year compared to a 28 MPG gas car at Indiana's gas price of $3.50/gallon.

SUVs balance cargo space with reasonable efficiency, making them the most popular EV body style in the U.S. — and this one handles that balance well. Cold weather reduces EV range by 20–40% as the battery heats itself and the cabin. Use scheduled departure to pre-heat on shore power before driving.

Cost per Mile

$0.044

home charging

Monthly Cost

$44

1,000 miles/month

Annual Savings

$971

vs. 28 MPG gas car

About the 2026 Hyundai Ioniq 5

The Hyundai Ioniq 5 is the award-winning flagship EV that established Hyundai as a serious EV competitor. Its retro-futuristic design, 800V ultra-fast charging architecture (up to 233 kW), and spacious interior make it one of the most advanced EVs available under $50K.

Advantages

✓800V architecture enables 233 kW charging — 10–80% in approximately 18 minutes

✓Vehicle-to-Load (V2L) function powers devices up to 3.6 kW

✓Innovative sliding center console and reclinable rear seats

✓5-star safety ratings and comprehensive standard driver assistance

Considerations

✗Tall design hurts aerodynamics and highway efficiency

✗Software infotainment has been criticized as behind Tesla and BMW

✗AWD dual-motor version reduces range to ~266 miles

✗No frunk — all cargo in rear

Ideal Buyer

Tech-forward buyers who want 800V charging speed without BMW or Porsche prices. Design-conscious buyers who want something that doesn't look like a Tesla. Road-trippers who prioritize fast charging stops.

vs. Gas Equivalent

Competes with Tesla Model Y and Volkswagen ID.4. In the gas world, it positions like a VW Tiguan or Hyundai Tucson N-Line — sporty, premium-feeling compact SUV.

Hyundai Ioniq 5 Charging Cost Breakdown in Indiana

Indiana's electricity rate of $0.15/kWh is below the national average of $0.17/kWh. At this rate, the Hyundai Ioniq 5's 77 kWh battery costs $11.55 for a full charge — a meaningful savings versus gas at current prices.

Charging Method

$/kWh

$/month

$/year

🏠 Home (Level 2)

$0.15

$44

$529

🔌 Public Level 2

$0.27

$79

$953

⚡ DC Fast Charger

$0.49

$144

$1,729

⛽ 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 Hyundai Ioniq 5Specs & Charging Data

800V platform + 233 kW max charging is a major advantage: 10–80% in approximately 18 minutes at a compatible 350 kW charger (charge speed limited to 233 kW). Level 2 at home adds approximately 22 miles per hour at 32A.

Battery

77 kWh

EPA Range

303 miles

Efficiency

3.4 mi/kWh

kWh/100 miles

29.4 kWh

DC Fast Charge

233 kW max

10–80% Time

~20 min

Body Type

SUV

MSRP

$43,350

Full Charge Cost

$11.55

EV Ownership in Indiana

Indiana's EV market is growing, particularly in Indianapolis and the northwest suburbs near Chicago. The state's auto industry legacy is shifting, with Stellantis and other manufacturers investing in EV production nearby.

Incentives & Programs

Indiana has no state EV tax credit, but federal incentives apply. Duke Energy Indiana and AES Indiana offer time-of-use rates for EV charging. Some municipalities offer utility bill credits for Level 2 charger installation.

Charging Infrastructure

I-65, I-70, and I-74 have reasonable DCFC coverage. Indianapolis has growing urban charger density. Rural Indiana has limited coverage — plan ahead on off-highway routes.

Grid & Energy Source

Indiana's grid is heavily coal (~50%), making it one of the higher-emission grids for EV charging nationally. However, even on Indiana's grid, EVs produce fewer lifecycle emissions than comparable gas vehicles, and the grid is transitioning.

IndianaElectricity Rates & EV Savings

The average residential electricity rate in Indiana is $0.15/kWh, which is below the national average of $0.17/kWh. With a gas price of $3.50/gallon, Indiana ranks as a favorable state for EV ownership.

Cold weather reduces EV range by 20–40% as the battery heats itself and the cabin. Use scheduled departure to pre-heat on shore power before driving. Your Hyundai Ioniq 5's 77 kWh battery provides up to 303 miles of EPA-rated range. Real-world range may vary by 10–30% depending on temperature, speed, and terrain.

Annual EV Cost (home)

$529

Hyundai Ioniq 5 @ $0.15/kWh

Annual Gas Cost (28 MPG)

$1,500

@ $3.50/gallon in Indiana

You save every year by driving electric in Indiana

$971/year

That's $81/month saved vs. a 28 MPG gas car

Home vs. DC Fast Charging in Indiana

Monthly cost comparison for 1,000 miles in a Hyundai Ioniq 5:

🏠 Home L2

$44

$44/mo

🔌 Public L2

$79

$79/mo

⚡ DC Fast

$144

$144/mo

⛽ Gasoline

$125

$125/mo

Tips for Charging Your Hyundai Ioniq 5 in Indiana

Indiana's cold climate and charging infrastructure have specific implications for Hyundai Ioniq 5 owners. Here are practical tips to maximize range and minimize charging costs in this state:

Indiana's cold winters (Indianapolis averages 26°F in January) mean significant range reduction. Always charge fully before cold days.

Duke Energy Indiana's time-of-use plans reward overnight charging — rates drop substantially after 11 PM.

Indianapolis Motor Speedway is close to multiple fast chargers — ironic that the home of racing is becoming EV-friendly.

AES Indiana customers can access special EV tariffs — call before your first bill to ensure you're on the right rate.

Frequently Asked Questions

How much does it cost to charge a Hyundai Ioniq 5 at home in Indiana?

At Indiana's average residential rate of $0.15/kWh, charging a 2026 Hyundai Ioniq 5 at home costs approximately $44/month based on 1,000 miles of driving. A full charge costs $11.55.

How much does it cost to fully charge a Hyundai Ioniq 5?

A full charge of the Hyundai Ioniq 5's 77 kWh battery costs $11.55 at Indiana's rate of $0.15/kWh. At a public DC fast charger ($0.49/kWh), that's about $37.73.

Is it cheaper to charge a Hyundai Ioniq 5 or drive a gas car in Indiana?

Home charging the Hyundai Ioniq 5 in Indiana costs $0.044/mile. A comparable 28 MPG gas car costs $0.13/mile at Indiana's gas price of $3.50/gallon. EVs save approximately $971/year.

How long does it take to charge a Hyundai Ioniq 5 with DC fast charging?

The Hyundai Ioniq 5 supports up to 233 kW DC fast charging. A 10–80% charge takes approximately 20 minutes at peak speed. Actual time varies by charger capacity, battery temperature, and current state of charge.

How much does a Hyundai Ioniq 5 add to your electric bill in Indiana?

Driving 1,000 miles/month in a Hyundai Ioniq 5 adds about $44 to your monthly electric bill in Indiana. That's 29.4 kWh per 100 miles × $0.15/kWh.

How does cold weather in Indiana affect Hyundai Ioniq 5 range?

Cold winters in Indiana can reduce Hyundai Ioniq 5 range by 20–40%. With a 77 kWh battery and 303-mile EPA range, plan for 212–242 miles in cold conditions. Use the scheduled departure feature to pre-heat the cabin while still plugged in to preserve driving range.