Charging Your Hyundai IONIQ 5 At Home: How Much Will It Cost You?

Scharfsinn/Shutterstock

By Matt Salter/April 6, 2023 1:25 pm EST

The upcoming Hyundai IONIQ 5 will be facing off with the similarly-priced Tesla Model 3 for a major chunk of the electric vehicle market. Hyundai has built a solid reputation for inexpensive, solidly engineered daily drivers. If the company can deliver a serious contender at the lower end of the EV price map, established automakers like Tesla may have reason to worry.

At the same time, customer trepidation is a very real concern. Auto buyers have significant questions about the practicality of electric vehicles. Among their issues is how long a charge will last and, crucially, how much it will cost. With home charging still largely necessity for most EV owners looking to get the most out of their vehicles, Hyundai has to excel to be a serious option on the EV market. After all, operating cost per mile is one of the main reasons to switch from gas to electric: gas prices are almost always higher and tend to fluctuate more than electric alternatives.

ginger_polina_bublik/Shutterstock

The short answer is that the Hyundai IONIQ 5 hits the same mark as its competitors in terms of charging speed and cost. The IONIQ 5 comes in at 256 miles of range for the Standard Range model, and jumps to 303 miles of range for the Long Range configuration — with a 58 kWh and a 77.4 kWh battery, respectively.

Both the IONIQ 5 and Tesla Model 3 will charge in about eight hours on a home-based wall charger, specifically one capable of outputting 60 km/h of range. Given the U.S. average kWh price of $0.16, that ideally comes to about $9.28 for a full battery charge of the Standard Range, and $12.32 for the Long Range.

The IONIQ 5's range and charging cost are most comparable to the Kia EV6, its most obvious competitor for the low-priced end of the electric vehicle market. At home, both the Hyundai and the Kia require a dedicated wall-mounted car charger, which retails starting at $425, and can cost as much as $1000 for professional installation.

Interestingly, the IONIQ 5's range and cost also compare favorably with Tesla's lower-market offerings, despite Tesla's brand positioning as a luxury automaker. If Hyundai can reliably deliver on its commitments with the Ioniq, it could strengthen its position in the U.S. electric vehicle market, especially with the IONIQ 6 on the horizon as well.

Recommended

The Most Reliable Electric SUVs On Sale Now

Kia

By Chris Teague/Updated: Feb. 21, 2023 10:51 am EST

Nearly all major automakers have made public commitments to shift significant portions of their annual production and sales volume to electric vehicles. Some have promised to go all the way, moving 100 percent of their efforts to electric, but before we reach the tipping point, it can be hard to understand what's available and which of the existing products are worth a look.

This applies to electric SUVs, which are uncommon but growing in popularity. Mainstream and premium automakers have announced or are developing new electric family haulers, but many great choices are already on sale today. We've scoured the available electric SUVs to find the models that offer the best reliability and day-to-day ease of use.

The list of reliable electric SUVs is set to explode as several automakers ready new models for the market. BMW, Mercedes-Benz, and nearly every premium automaker have an eye on electrics, and many have already made the shift. Buyers' minds and wallets are with SUVs, too, so car companies are keen to keep new models rolling.

Electric vehicles don't have all the moving parts, fluids, and other components that sometimes lead to expensive repairs in gas vehicles. There are no oil changes and no transmission fluids. Overall, they're simpler. That said, owners still have common wear items to replace, such as tires, brakes, windshield wipers, and more. The fact that EVs require less regular maintenance does not mean they will need no maintenance.

Lastly, EV batteries are wildly expensive to replace and sometimes can cost more than the car's value. That's why automakers issue long warranties for EV batteries and surrounding components.

It's worth noting that all the vehicles you see on this list are new and do not have years of accumulated data from owners, repair shops, and dealers. The EVs here feature solid warranty coverage, and most reviews for these SUVs are positive. Let's get rolling.

Hyundai

We're placing these two together in the list because they share much of their engineering and performance. The EV6 comes standard with an electric motor and a 77.4-kWh battery. The range estimate for the basic EV6 lands at 310 miles, but certain configurations drop below that number with all-wheel drive and more powerful electric motors. Both vehicles ride on the E-GMP platform, which supports various wheelbases and body styles.

Like other Hyundai and Kia models, the Ioniq 5 and EV6 come with a fantastic warranty that includes five years/60,000 miles of basic coverage and ten years/100,000 miles of powertrain coverage. Both bring futuristic styling, great tech, and plenty of space inside. The vehicles offer extended electric capability, including the option to charge other EVs and exterior power equipment. At the same time, the vehicles offer long wheelbases that bring exceptional interior space, both for people and cargo, and top trims edge on premium brands territory with upscale materials and finishes. 

Hyundai

The Hyundai Kona got a redesign for 2022, but it remains of the best EV values. A 150-kW electric motor and a 64-kWh battery provide propulsion for the Kona, which offers 201 horsepower and 291 pound-feet of torque. The Kona returns a 258-mile range and offers fast charging, so it can recover up to 80 percent charge in less than an hour using a Level 3 charger. The Kona's interior is simple but usable and comfy. Though it's not a ground-up EV design like the Ioniq 5, the Kona EV's chassis swallows up the battery packs and still offers good interior space, nimble handling, and a comfy ride.

Though the base SE trim gets base features like cloth upholstery and manual seat adjustments for passengers, the top Limited trim adds niceties like leather and ventilated seats. Like it does with its gas vehicles, Hyundai offers a five-year/60,000-mile basic warranty and a staggering ten-year/100,000-mile powertrain warranty. That coverage also includes the battery pack, so you can buy a Kona without worrying about replacing a costly battery for a decade.

Ford

It's strange to say this, but the Ford Mustang Mach-E is one of the elder statesmen on this list. The SUV debuted in late 2020 as a 2021 model and immediately became one of Ford's most popular and hard-to-find models. It's available in several configurations and, despite a few early recalls, has plenty of happy owners. Despite a few early recalls for frightening-sounding issues like the glass roof flying off, the Mustang Mach-E has emerged as one of Ford's more reliable vehicles. It's backed by a three-year/36,000-mile basic warranty and a five-year/60,000-mile powertrain warranty. The battery is covered for eight years or 100,000 miles. 

Ford offers the Mach-E with several powertrain configurations. The base option features a 70-kWh battery and an electric motor for a combined 266 horsepower and rear-wheel drive. Other options include a 290-horsepower motor, a 346-horsepower motor, and a 480-horsepower motor. The most efficient combination is the California Route 1 trim and 91-kWh battery, which delivers up to 314 miles of range.

Volkswagen

Volkswagen plans to build the ID.4 in Chattanooga, TN, but the current models are a solid choice in the ever more crowded world of electric SUVs. Generous safety equipment, substantial range, and lively acceleration all make the Volkswagen a compelling alternative. The base powertrain configuration includes a 62-kW battery and an electric motor that produce 201 horsepower and 229 pound-feet of torque. Front-wheel drive is standard, and all-wheel drive is available. Base rear-drive models deliver a starting range of 275 miles of range, and all-wheel drive variants return 251 miles. 

Early reviews faulted the VW for its infotainment system, and it's true – the latest all-touch interface is confounding and clunky. That said, it's not a reason to knock reliability or overall usability, and the interface becomes easier to use over time. Volkswagen backs the ID.4 with a four-year/50,000-mile limited warranty and an eight-year/100,000-mile battery warranty. It also offers two years/20,000 miles of scheduled maintenance and roadside assistance for three years/36,000 miles. 

Chevrolet

Chevy had a nasty run with the Bolt and the new Bolt EUV, as charging issues led to an increased risk of battery fires. After a massive recall and billions of dollars in replaced batteries, the new Bolt and Bolt EUV are ready to rock. The EUV comes with a 65-kWh battery and an electric motor that produce 200 horsepower and 266 pound-feet of torque. Chevy backs the Bolt with a three-year/36,000-mile bumper-to-bumper warranty and an eight-year/100,000-mile electric propulsion limited warranty. 

On top of its decent range and power, the Bolt EUV offers 16.3 cubic feet of cargo space, expanding to 56.9 cubic feet with the back seats folded flat. The interior seats five in comfort, thanks to solid head and legroom. Rear headroom is not as impressive, but the Bolt EUV's small item storage, generous standard features, and good cargo space more than compensate for that shortcoming. Buyers can also add GM's excellent Super Cruise hands-free driving system and the top Premier trim adds upscale features like leather and wireless device charging.

Recommended