What it costs to charge a 2026 Hyundai Ioniq 5 in New Jersey
Short answer
Charging at home 1,000 miles a month at 23.6¢ per kWh. That's 7.5¢ a mile and $896 a year.
A full charge at home costs about $21.66, for 290 miles of EPA range.
New Jersey's average home electricity rate, September 2025 to August 2026 (EIA).
Change the version, miles or price
- Per year
- $896
- Per mile
- 7.5¢
- Over 5 years
- $4,481
- Full charge
- $21.66
Every 2026 Ioniq 5 version in New Jersey
| Version | Drive | EPA rating | Per month | Full charge |
|---|---|---|---|---|
| Ioniq 5 Standard range | RWD | 29 kWh/100 mi | $68 | $16.74245 mi |
| Ioniq 5 RWD | RWD | 30 kWh/100 mi | $71 | $22.48318 mi |
| Ioniq 5 AWD (19inch Wheels)(used in headline figures) | AWD | 31.7 kWh/100 mi | $75 | $21.66290 mi |
| Ioniq 5 AWD (20inch Wheels) | AWD | 34.5 kWh/100 mi | $81 | $21.86269 mi |
| Ioniq 5 AWD XRT | AWD | 35.8 kWh/100 mi | $84 | $21.85259 mi |
| Ioniq 5 N | AWD | 43 kWh/100 mi | $101 | $22.39221 mi |
Ioniq 5 vs. Toyota RAV4 in New Jersey
The Ioniq 5 costs about $345 a year less to run here.Counting New Jersey's $270 EV fee, the saving is about $75.
See the break-evenNew Jersey charges EVs $270 a year
On top of the registration every car pays, New Jersey charges electric cars an extra $270 a year, about $23 a month. That is the rate from July 2026. It rises $10 every July through 2028, and new EVs pay four years up front.
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 $198 a year in state and federal gas tax.
EV fee: U.S. Department of Energy, checked October 2026. Fuel tax: EIA, July 2026 (revised).
Electricity in New Jersey costs 12% more than a year ago
New Jersey's average home rate over the 12 months to August 2026 was 23.6¢ per kWh, 2.6¢ more than the 12 months before. It moves through the year: over those 12 months, from 22.5¢ in October 2025 to 25.2¢ in July 2026. At 1,000 miles a month, the Ioniq 5 costs about $8 a month more to charge than in the 12 months before.
Show every monthly figure
EIA monthly retail sales data, residential customers.
New Jersey is the 12th most expensive state to charge a Ioniq 5
40th 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
- 38Michigan$67
- 39Maryland$68
- 40New Jersey$75
- 41Vermont$76
- 42District of Columbia$77
Questions people ask
How much does it cost to charge a Hyundai Ioniq 5 in New Jersey?
About $75 a month for 1,000 miles, or $896 a year, for the 2026 Ioniq 5 AWD (19inch Wheels) (31.7 kWh/100 mi) at 23.6¢ per kWh. That works out to 7.5¢ a mile.
Which Ioniq 5 version is cheapest to charge?
The Ioniq 5 Standard range (29 kWh/100 mi), at about $68 a month in New Jersey. The 2026 Ioniq 5 comes in 6 EPA-rated versions.
How much does it cost to fully charge a Hyundai Ioniq 5 in New Jersey?
About $21.66 at home for the 2026 Ioniq 5 AWD (19inch Wheels), at 23.6¢ 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 New Jersey charge an extra fee for electric cars?
Yes. New Jersey charges electric cars an extra $270 a year, about $23 a month, beyond what every car pays to register. That is the rate from July 2026. It rises $10 every July through 2028, and new EVs pay four years up front.
Is electricity getting more expensive in New Jersey?
Yes. New Jersey's average home rate over the 12 months to August 2026 was 23.6¢ per kWh, 2.6¢ 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