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Hyundai Ioniq 5 Cost in Rhode Island: EV vs Gas Comparison (2026)

Quick Answer

The Hyundai Ioniq 5 costs $891/month to own in Rhode Island over 5 years. That's $13,709 more than a comparable Toyota RAV4.Annual charging cost: $935 vs $1,740 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$4,676$8,700
Maintenance$2,360$2,145
5-Year Total$53,454$39,745
Monthly Cost$891/mo$662/mo

Charging Costs in Rhode Island

Home Charging (avg 21.5¢/kWh)

$935/year

$78/month

Gas Equivalent (30 MPG, $3.48/gal)

$1,740/year

You save $805/year on fuel

These are estimates based on state averages. Your exact rate depends on your specific profile.

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