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

Quick Answer

The Hyundai Ioniq 5 costs $855/month to own in Tennessee over 5 years. That's $12,600 more than a comparable Toyota RAV4.Annual charging cost: $513 vs $1,540 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$2,567$7,700
Maintenance$2,360$2,145
5-Year Total$51,325$38,725
Monthly Cost$855/mo$645/mo

Charging Costs in Tennessee

Home Charging (avg 11.799999999999999¢/kWh)

$513/year

$43/month

Gas Equivalent (30 MPG, $3.08/gal)

$1,540/year

You save $1,027/year on fuel

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

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