It’s laborious to discover a extra profitable EV launch than the Hyundai Ioniq 5. The “SUV” took residence a World Automobile of the 12 months award. Vital acclaim plus sturdy incentives have seen gross sales increase this yr. And in contrast to some much less distinctive brethren, the Ioniq 5 isn’t formed like an egg.
Gasoline financial savings are a key consideration when shopping for any electrical automobile. How a lot does it value to cost a Hyundai Ioniq 5? How a lot will an Ioniq 5 proprietor save switching over gasoline? It relies on how, when and the place they plan to cost it.
How a lot does it value to cost a Hyundai Ioniq 5?
For the 2024 mannequin yr, Hyundai presents the Ioniq 5 with two battery choices: a base 58 kWh pack for the SE Customary Vary mannequin and a 77.4 kWh pack for different trims; 2025 mannequin yr Ioniq 5s will improve to a bigger 84 kWh pack.
Electrical energy is measured in cents/kWh. The present common nationwide residential charge is 16.68 cents/kWh. At that broad nationwide charge, a “full cost” of 10-80% on a 2024 Hyundai Ioniq 5 would value about $6.85 for the Customary Vary and $9.14 for different Ioniq 5 trims.
How a lot does it value to cost a Hyundai Ioniq 5 at residence?
The precise charge an proprietor pays will differ from the nationwide common. However regardless of the place an proprietor resides, residence charging will usually be the most cost effective possibility.
The place an proprietor lives issues. Within the continental U.S., common electrical energy charges by state vary from simply 10.44 cents/kWh in North Dakota to 32.47 cents/kWh in California. A full cost for the Customary Vary Ioniq 5 might value as little as $4.23 in North Dakota or as a lot as $13.18 in California. The identical cost on the Prolonged Vary pack might value simply $5.65 in North Dakota or $17.59 in California.
Timing issues, too. Electrical energy costs fluctuate in the course of the day. Charging at peak hours within the late afternoon and night can be far more costly than charging in off-peak hours late at night time. Some utility suppliers will meter a house charger individually to supply a reduced charge for charging throughout off-peak hours (my meter fixes the speed at 12 cents/kWh between 11:00 PM and 9:00 AM.
Ioniq 5 house owners have to think about the price of putting in a brand new Degree 2 charger, which may be appreciable and erode a few of the financial savings. A Degree 2 unit like the Chargepoint House Flex can value greater than $500. The price for an electrician to put in a brand new 240V outlet or hardwire the unit can run into hundreds of {dollars}.
2022 Hyundai Ioniq 5 charging
How a lot does charging a Hyundai Ioniq 5 at a DC quick charger value?
Charging a Hyundai Ioniq 5 on a DC quick charger may be free — for those who’re near an Electrify America station. Hyundai presents two years of free 30-minute quick expenses — greater than sufficient time to totally cost an Ioniq 5 — once you purchase or lease an Ioniq 5. Electrify America presents greater than 4,000 chargers at greater than 900 stations throughout North America.
The prices to cost an Ioniq 5 at one other DC quick charger differ enormously. As with residence charging, the electrical energy charge varies based mostly on location and charging time. House owners will usually pay a transaction price and taxes on high of the electrical energy charge. A very good rule of thumb is to anticipate to pay twice the going charge of electrical energy or extra at a quick charger.
I’ve charged my Ioniq 5 AWD twice at an EVgo 350 kW quick charger close to my residence. Each expenses occurred throughout noon. The common charge for the 2 expenses was 55.5 cents/kWh. Add in a $0.99 transaction price and taxes, and I spent about $20 each instances to cost from 30-80%.
Are you able to cost a Hyundai Ioniq 5 at a Tesla Supercharger?
Not but. However that’s coming quickly. Hyundai introduced it’s changing its EVs to Tesla’s NACS charging port in This autumn 2024. These automobiles will get Supercharger entry. Ioniq 5s with the CCS port will get entry to Tesla Superchargers with an adapter in 2025.
How less expensive is it to cost an Ioniq 5 than to replenish a gasoline automotive?
Considerably. Hyundai classifies the Ioniq 5 as an SUV, so let’s use the Hyundai Tucson as a gasoline comparability. As of this writing, the common value of a gallon of gasoline in America is $3.47. In line with the EPA, the Hyundai Tucson AWD makes use of 4.0 gallons to journey 100 miles for $13.88. The Tucson Hybrid is extra environment friendly, consuming 2.7 gallons to journey the identical 100 miles at a value of $9.37.
An Ioniq 5 would require 29 kWh of electrical energy to journey 100 miles. On the common nationwide residential charge, that might value $4.83. An Ioniq 5 AWD, a bit much less environment friendly, wants 34 kWh of vitality, costing $5.67. Precise charges will differ based mostly on the charging technique. However in nearly each circumstance, charging an Ioniq 5 needs to be considerably cheaper than fueling a gas-powered equal.
