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

Quick Answer

Charging a 2026 Hyundai Ioniq 5 at home in New Jersey costs approximately $56/month — that's $0.056/mile and saves $829/year compared to a 28 MPG gas car at New Jersey'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. 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

$0.056

home charging

Monthly Cost

$56

1,000 miles/month

Annual Savings

$829

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 New Jersey

New Jersey's electricity rate of $0.19/kWh is above the national average of $0.17/kWh. At this rate, the Hyundai Ioniq 5's 77 kWh battery costs $14.63 for a full charge — a meaningful savings versus gas at current prices.

Charging Method

$/kWh

$/month

$/year

🏠 Home (Level 2)

$0.19

$56

$671

🔌 Public Level 2

$0.34

$101

$1,207

⚡ 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

$14.63

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 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)

$671

Hyundai Ioniq 5 @ $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

$829/year

That's $69/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 Hyundai Ioniq 5:

🏠 Home L2

$56

$56/mo

🔌 Public L2

$101

$101/mo

⚡ DC Fast

$144

$144/mo

⛽ Gasoline

$125

$125/mo

Tips for Charging Your Hyundai Ioniq 5 in New Jersey

New Jersey's moderate 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:

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 Hyundai Ioniq 5 at home in New Jersey?

At New Jersey's average residential rate of $0.19/kWh, charging a 2026 Hyundai Ioniq 5 at home costs approximately $56/month based on 1,000 miles of driving. A full charge costs $14.63.

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 $14.63 at New Jersey's rate of $0.19/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 New Jersey?

Home charging the Hyundai Ioniq 5 in New Jersey costs $0.056/mile. A comparable 28 MPG gas car costs $0.13/mile at New Jersey's gas price of $3.50/gallon. EVs save approximately $829/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 New Jersey?

Driving 1,000 miles/month in a Hyundai Ioniq 5 adds about $56 to your monthly electric bill in New Jersey. That's 29.4 kWh per 100 miles × $0.19/kWh.

What is the best charging setup for a Hyundai Ioniq 5 in New Jersey?

For a Hyundai Ioniq 5 owner in New Jersey, a Level 2 home charger (at least 32A, preferably 48A) is the ideal setup. At New Jersey's rate of $0.19/kWh, overnight home charging costs $56/month for 1,000 miles — significantly less than gas. DC fast charging at $0.49/kWh is 4–5× more expensive and best reserved for road trips.