How much does it cost to charge a Hyundai Ioniq 5 in New York?

New York's 12-month average rate, 28.6¢/kWh, is 59% above the U.S. average of 18.0¢/kWh, so the Hyundai Ioniq 5 costs $3.06 more per 100 miles here than at the national rate.

Rates in New York are rising quickly: the latest 12-month average is 11.2% higher than in the 12 months before, adding $102 a year to the cost of charging the Hyundai Ioniq 5.

Over the last 24 months New York was cheapest in winter and most expensive in spring: December 2024 at 24.4¢/kWh and May 2026 at 29.9¢/kWh, which moves the Hyundai Ioniq 5's monthly charging cost between $72 and $88. The latest published month, August 2026, came in at 28.6¢/kWh, in line with the 12-month average.

Of the 5 states covered so far, New York ranks 4th cheapest for the Hyundai Ioniq 5. It costs least in Washington ($4.12 per 100 miles) and most in California ($9.38).

Among the 10 EVs on OutletBill, the Hyundai Ioniq 5 is the 4th cheapest to charge per mile in New York. The cheapest is the Tesla Model 3 at $6.95 per 100 miles; the most expensive is the Rivian R1S at $12.26.

Among the 5 small SUVs on OutletBill, the Hyundai Ioniq 5 ranks 2nd for charging cost in New York, behind the Tesla Model Y ($7.86 per 100 miles).

At 29.0 kWh per 100 miles, the 2027 Hyundai Ioniq 5 Standard Range uses less energy than 82% of the 171 2027 EV versions EPA has tested.

EPA rates the 2027 Ioniq 5 Standard Range at the same efficiency as the 2026 version, 29.0 kWh per 100 miles, with the same 245-mile range.

Across all 5 trims of the 2027 Ioniq 5, cost per 100 miles in New York ranges from $8.29 for the Standard Range to $10.23 for the AWD XRT, a difference of $236 a year at 1,016 miles a month.

EPA estimates 6.5 hours to charge the Ioniq 5 Standard Range from empty on a 240-volt Level 2 home charger, short enough to finish overnight. At 1,016 miles a month (about 33 miles a day), a day's driving takes roughly 50 minutes on a Level 2 charger.

Electricity would have to cost more than 44.6¢/kWh, 1.6 times New York's rate, before the Hyundai Ioniq 5 cost more per mile than the 2026 Hyundai Tucson FWD. Put the other way, gas would have to fall below $2.32 a gallon.

Gas costs use EIA's New York retail average for regular gasoline ($3.62 a gallon over the same 12 months, about the U.S. average) and the 2026 Hyundai Tucson FWD's EPA rating of 28 mpg combined.