What it costs to charge a 2026 Hyundai Ioniq 5 in Michigan
Short answer
Charging at home 1,000 miles a month at 21.2¢ per kWh. That's 6.7¢ a mile and $806 a year.
A full charge at home costs about $19.48, for 290 miles of EPA range.
Michigan's average home electricity rate, September 2025 to August 2026 (EIA).
Change the version, miles or price
- Per year
- $806
- Per mile
- 6.7¢
- Over 5 years
- $4,030
- Full charge
- $19.48
Every 2026 Ioniq 5 version in Michigan
| Version | Drive | EPA rating | Per month | Full charge |
|---|---|---|---|---|
| Ioniq 5 Standard range | RWD | 29 kWh/100 mi | $61 | $15.06245 mi |
| Ioniq 5 RWD | RWD | 30 kWh/100 mi | $64 | $20.22318 mi |
| Ioniq 5 AWD (19inch Wheels)(used in headline figures) | AWD | 31.7 kWh/100 mi | $67 | $19.48290 mi |
| Ioniq 5 AWD (20inch Wheels) | AWD | 34.5 kWh/100 mi | $73 | $19.67269 mi |
| Ioniq 5 AWD XRT | AWD | 35.8 kWh/100 mi | $76 | $19.65259 mi |
| Ioniq 5 N | AWD | 43 kWh/100 mi | $91 | $20.14221 mi |
Ioniq 5 vs. Toyota RAV4 in Michigan
The Ioniq 5 costs about $377 a year less to run here.Counting Michigan's EV fee of $267 or more, the saving is about $110 at most.
See the break-evenMichigan charges EVs $267 a year or more
On top of the registration every car pays, Michigan charges electric cars an extra $267 a year or more, about $22 a month. That is for EVs up to 8,000 lbs gross vehicle weight; heavier ones pay more. The fee is tied to Michigan's gas tax, and rose from $160 when that tax went up in 2026.
States charge these fees in place of the gas tax an electric car never pays. Driven the same 1,000 miles a month here, the Toyota RAV4 (41 mpg) pays about $210 a year in state and federal gas tax.
EV fee: Michigan state government, checked October 2026. Fuel tax: EIA, July 2026 (revised).
Electricity in Michigan costs 8% more than a year ago
Michigan's average home rate over the 12 months to August 2026 was 21.2¢ per kWh, 1.5¢ more than the 12 months before. It moves through the year: over those 12 months, from 19.5¢ in January 2026 to 23.1¢ in July 2026. At 1,000 miles a month, the Ioniq 5 costs about $5 a month more to charge than in the 12 months before.
Show every monthly figure
EIA monthly retail sales data, residential customers.
Michigan is the 14th most expensive state to charge a Ioniq 5
38th cheapest of the 50 states and DC, at 1,000 miles a month. See every state
- 1North Dakota$40
- 2Nebraska$40
- 3Idaho$41
- 4Louisiana$41
- 5Utah$42
- 36Illinois$60
- 37Pennsylvania$66
- 38Michigan$67
- 39Maryland$68
- 40New Jersey$75
Questions people ask
How much does it cost to charge a Hyundai Ioniq 5 in Michigan?
About $67 a month for 1,000 miles, or $806 a year, for the 2026 Ioniq 5 AWD (19inch Wheels) (31.7 kWh/100 mi) at 21.2¢ per kWh. That works out to 6.7¢ a mile.
Which Ioniq 5 version is cheapest to charge?
The Ioniq 5 Standard range (29 kWh/100 mi), at about $61 a month in Michigan. The 2026 Ioniq 5 comes in 6 EPA-rated versions.
How much does it cost to fully charge a Hyundai Ioniq 5 in Michigan?
About $19.48 at home for the 2026 Ioniq 5 AWD (19inch Wheels), at 21.2¢ per kWh. That is the electricity drawn from the wall to drive its full EPA range of 290 miles (about 92 kWh), so it includes charging losses; a top-up from 20% to 80% costs roughly 60% of it.
Does Michigan charge an extra fee for electric cars?
Yes. Michigan charges electric cars an extra $267 a year or more, about $22 a month, beyond what every car pays to register. That is for EVs up to 8,000 lbs gross vehicle weight; heavier ones pay more. The fee is tied to Michigan's gas tax, and rose from $160 when that tax went up in 2026.
Is electricity getting more expensive in Michigan?
Yes. Michigan's average home rate over the 12 months to August 2026 was 21.2¢ per kWh, 1.5¢ more than the 12 months before. Source: EIA's monthly retail sales data.
Does this include energy lost while charging?
Yes. EPA measures an electric car's efficiency from the wall outlet, so the electricity lost while charging is already in the kWh per 100 miles figure.
Efficiency: U.S. EPA ratings for the 2026 model year. Gas prices: EIA weekly survey, week of November 9, 2026. Electricity: EIA average home rates, September 2025 to August 2026. Fuel taxes: EIA, July 2026 (revised). How we calculate