Hyundai Ioniq 5 Running-Cost Savings
The 2026 Hyundai Ioniq 5 returns about 3.6 miles per kWh. Against a comparable gas car, that adds up to real annual savings — quantified below, then adjustable to your local electricity price.
The Ioniq 5 returns about 3.6 mi/kWh from a 77 kWh pack for an EPA-rated 303 miles, so your per-mile energy cost comes straight off your local electricity rate. Against a 28-MPG gas car, the saving compounds with mileage, and high-mileage drivers recover the $43k car's price premium fastest.
Key assumptions for this page
Sources: Edmunds · U.S. Bureau of Labor Statistics — figures are estimates last reviewed 2026; verify before purchase.
What is source-backed vs modeled?
Published sources help shape the baseline where available. Local insurance and ownership indexes are modeled estimates, not insurer or lender quotes — they combine public demographic and cost signals with conservative assumptions. Replace the defaults with your own quote before deciding.
Run your own numbers
Your numbers
Annual fuel savings
$909
EV vs gas
5-year savings
$4,543
EV cost per mile
$0.05
vs 0.12 gas
Insight — Most of an EV's lifetime savings come from cheaper 'fuel': electricity at home is typically a fraction of the per-mile cost of gasoline. The gap widens as gas prices rise or as you drive more miles each year.
What if Annual mileage changes?
| Annual mileage | Annual fuel savings |
|---|---|
| 6,000 mi | $454 |
| 12,000 mi · now | $909 |
| 18,000 mi | $1,363 |
| 24,000 mi | $1,817 |
Run the real EV numbers
Charging, payback and running cost depend on your mileage and local prices — benchmark them before you commit.
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Good to know
Specific, useful answers for this page.
How much does the Ioniq 5 save versus a gas car?＋
At 3.6 mi/kWh, the Ioniq 5's per-mile energy cost is well below a 28-MPG gas car. The exact annual saving depends on your electricity price and mileage — calculated live above.
What does a full charge cost and how far does it go?＋
The Ioniq 5's 77 kWh pack delivers an EPA-rated 303 miles, so at 3.6 mi/kWh you refill what you use rather than a full tank. Multiply your local kWh price by 77 for a real per-charge cost.
How long until the Ioniq 5 pays back its price premium?＋
EVs often cost more upfront than an equivalent gas model, and the $43k Ioniq 5 is no exception. At 3.6 mi/kWh the fuel saving narrows that gap each year; high-mileage drivers reach break-even far sooner than light ones. The calculator above turns your mileage into a payback timeline.