Hyundai Ioniq 5 Cost in New Mexico: EV vs Gas Comparison (2026)
Quick Answer
The Hyundai Ioniq 5 costs $862/month to own in New Mexico over 5 years. That's $12,619 more than a comparable Toyota RAV4.Annual charging cost: $587 vs $1,610 for gas.
✓ Updated March 2026✓ Based on state insurance filings
5-Year Cost: Hyundai Ioniq 5 vs Toyota RAV4
| Hyundai Ioniq 5 (EV) | Toyota RAV4 (Gas) | |
|---|---|---|
| MSRP | $41,800 | $30,645 |
| Depreciation | $23,408 | $12,871 |
| Insurance | $15,780 | $10,700 |
| Fuel/Charging | $2,936 | $8,050 |
| Maintenance | $2,360 | $2,145 |
| 5-Year Total | $51,699 | $39,080 |
| Monthly Cost | $862/mo | $651/mo |
Charging Costs in New Mexico
Home Charging (avg 13.5¢/kWh)
$587/year
$49/month
Gas Equivalent (30 MPG, $3.22/gal)
$1,610/year
You save $1,023/year on fuel
These are estimates based on state averages. Your exact rate depends on your specific profile.
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