Hyundai Ioniq 5 vs. electric car: running cost
A Hyundai Ioniq 5 is cheaper to run: about $802 a year versus $802 for an electric car at typical use and 17.99¢/kWh, a $0 difference.
| Hyundai Ioniq 5 | Electric car | |
|---|---|---|
| Typical watts | 10,900 W | 7,200 W |
| Watt range | 1,440–10,900 W | 1,440–11,500 W |
| Typical use | 37 miles a day | 37 miles a day |
| Energy per year | 4,460 kWh | 4,460 kWh |
| Cost per hour | $1.96 | $1.30 |
| Cost per day | $2.20 | $2.20 |
| Cost per month | $66.86 | $66.86 |
| Cost per year | $802 | $802 |
| Per year in Hawaii (43.51¢) | $1,940 | $1,940 |
Compare at your rate and settings
What drives the difference
- Hyundai Ioniq 5: The Ioniq 5 uses about 0.30 kWh per mile from the battery, about 0.33 at the wall; its 10.9 kW onboard charger fills it quickly on Level 2.
- Electric car: An average EV uses about 0.30 kWh per mile from the battery, about 0.33 kWh at the wall with charging losses; 37 miles a day is about 4,500 kWh a year.
Ways to cut either cost
Takes full advantage of the 10.9 kW onboard charger.
See options on AmazonMore efficient than a 120 V cord and charges overnight on off-peak hours.
See options on AmazonWe may earn a commission from qualifying purchases. It never changes the numbers we show. Disclosure.
Frequently asked questions
Which costs more to run, a Hyundai Ioniq 5 or an electric car?
At typical use and the U.S. average rate (17.99¢/kWh), an electric car costs about $802 a year versus $802 for a Hyundai Ioniq 5. That's $0 more.
How many watts do Hyundai Ioniq 5 and electric car use?
A Hyundai Ioniq 5 typically draws 10,900 W (range 1,440–10,900 W). An electric car draws 7,200 W (range 1,440–11,500 W). Watts alone don't decide cost. Hours of use, cycling and standby matter just as much.
Rates: EIA, 12 months ending 2026-07. Methodology.