Hyundai IONIQ Electric Leads EPA’s Annual Fuel Cost For The 2017 Model Year

3 months ago by Mark Kane 25

Annual Fuel Cost Ranges by Vehicle Size Class, MY 2017 (source: energy.gov)

The U.S. Environmental Protection Agency (apparently still a real agency) revealed its estimated annual fuel cost list for light vehicles sold in America; which is based on an average mileage driven of 15,000 miles (55% in city driving, 45% highway driving).

As one might expect, all-electric and plug-in hybrids lower transportation bills to just a few hundred dollars in some cases. Leading the way, the Hyundai IONIQ Electric was considered to have the lowest annual fuel energy cost, at just $500 a year – not to shabby for 15,000 miles of travel.

Hyundai IONIQ – Shown here in autonomous testing version

The differences between the IONIQ and the most expensive models are pretty large, with standard SUVs costing up to $3,850 to fuel up over a year.  A gap that could widen even further as gas prices at the pump are expected to rise by year’s end.

The 2017 Fuel Economy Guide by the U.S. Environmental Protection Agency and U.S. Department of Energy shows the estimated annual fuel cost ranges for each vehicle size class. For most size classes, there is a wide range of vehicle fuel costs for consumers to consider. Vehicles classified as standard SUVs had the widest range in annual fuel cost from a minimum of $700 to a maximum of $3,850 per year.

Size classes with all-electric and plug-in hybrid vehicles available tend to have the widest range in annual fuel costs due to the large difference in efficiency between electric drivetrains and conventional drivetrains, and size classes with fewer vehicle models tend to have narrower ranges.

The small pickup trucks class, which has only conventional drivetrains, had the narrowest fuel cost range with a difference of just $500 between the models with the lowest and highest annual fuel cost. Among all size classifications, the vehicle with the lowest annual fuel cost for the 2017 model year falls into the midsize cars class at only $500 per year (the Hyundai Ioniq Electric).

Note: Fuel cost assumptions were:

  • Vehicle driven 15,000 miles per year
  • 55% city driving, 45% highway driving
  • $2.33 per gallon for regular unleaded gasoline/ $2.82 per gallon for premium, $2.57 per gallon for diesel, and $0.13 per kilowatt-hour for electricity
  • Flex-fuel vehicles were assumed to use gasoline as their fuel

source: energy.gov

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25 responses to "Hyundai IONIQ Electric Leads EPA’s Annual Fuel Cost For The 2017 Model Year"

  1. georgeS says:

    Hey Jay,
    Is that the right chart? IONOQ not on it!

    1. georgeS says:

      Nevermind, my mistake:)

      1. ijonjack says:

        Sounds Good ! But I remind you to Bank those savings because you’ll need them when the Battery “Pukes out” & Road use “taxes” are enforced onto EV’s which shall be inevitable & Rightfully So. Then with any Luck battery prices will Fall & The Air & Noise Pollution will be Cleaned Up & Fall as Well!

        1. zzzzzzzzzz says:

          Road taxes are already enforced in some of the US states. Even California is on track to impose it. It would make refueling Ioniq Hybrid and Ioniq Electric about the same cost.

          Battery electric still can be cheaper if you have access to less than average $0.13/kWh rate at home. Like two-tarrif TOU without extra fees/costs. Will it make some mass revolution? Obviously not, range is still limited and upfront cost premium is too high. But it may work for some as commuter car.

          1. DJ says:

            I know right. Where I live the cheapest possible electricity for an EV is ~20 cents.

            Just randomly checked and my utility prices are 10% higher this year than they were last year.

            WTH man, how can utilities keep going up so much! Luckily I have solar to cover it all but these double digit raises across the board every year are getting out of control…

        2. Michael Will says:

          Rightfully so? Only if we remove the trillions in subsidies for oil and gas industry. Add a solid carbon tax and remove the road subsidy from gas and electric, just add that to registration fees.

          The electric revolution is inevitable at this point. No more horse and buggy for me, nor shuddering poison spitting legacy gas cars.

  2. mx says:

    NOTE: Passenger Vans: These are RIPE pickings for EV’s — Economics.

  3. Alaa says:

    Let us assume that a 250 W solar panel cost $100. It actually costs less. So for $500 you get 5 panels. Let us further assume that there are 3,000 hours of sun shine per year. And since it is 250 W peak we will assume that each panel will give 80% of 250 W. That is 200 W. So 200 W x 5 panels = 1,000 W per hour. So 1,000 W x 3,000 sunny hours = 3,000,000 W. If we use the NEDC and each km consumes 100 watt then this Ioniq can travel 30,000 km per year from just 5 solar panels. In the US you get more sun and the NEDC is not used. At any rate the $500 are enough to charge this car for LIFE for free. I am sure that some dealers will bundle these 5 or even more panels with the car. Net metering is perfect for that. When the price of the kWh of battery drops to $50 then there is no need for even net metering.

    1. TM says:

      Watts are already in units of energy per hour.
      I think you meant to say 1000 Whr for a 1000W panel output. Also, 1000W * 3000 hrs is 3,000,000 Whr (not W). or 3000 kWhr. 10 km per KWhr is pretty good (6 miles per kWhr).

      But you’d have to store that 3000 KWhr energy during the day assuming your car was at work or somewhere.

      Bottom Line is that I agree with your calculation and that the 5 panels could do the job, but there is also installation costs, inverter costs, and probably storage costs, unless the place you park your car at work or school has these 5 panels.

      1. Michael Will says:

        I got 40 panels and power my house with air conditioning, a VW e-Golf and a Tesla Model X. Excess energy is fed back into the grid (net-metering). Pays for itself in 7 years (5 more to go) because of 30% federal tax credit, without that it would have paid for itself in about 9 years. The panels last about 25 years, the two inverters I may have to upgrade in 10 years, should be plenty cheaper to replace by then compared to what they cost new today. Solar just makes sense, especially if we are all going to drive electric sooner or later.

      2. Alaa says:

        Sorry about the w and wh confusion. You are right and I am wrong. As for the cost of installation etc. add another $500. Although I did that myself here in Cairo Egypt. And I get 3400 of sunny hours per year. I run my house on the sun. I welded 1000 old lap top batteries and installed just 2 panels, 250 w each and an inverter that is 2. 4 kW. I run my Samsung inverter AC, fridge lights etc and I do not pay anything for the utility. I was going to do my car too, but the IONIQ is going to get cheaper once the M3 is out and I intend to buy a used Ioniq. They say the battery is warnted for life. So it is a good deal already. Thanks for correcting me.

        1. TM says:

          Nice job on the solar installation!
          Even electrical engineers with advanced degrees sometimes forget to use the Whr units. But clearly you know what you are doing as you hooked all of that up yourself.

    2. DJ says:

      I really wish people would stop assuming that you can take the # of sunny hours a year and multiply it by the system rating to get the expected solar output, even factoring in an 80% rate.

      Let’s say I use your math and take 3,000 * 6kW = 18,000 *.8 = 14,400.

      In reality I make about 9,000 a year.

      While the sun may be up and your system may be going the generation curve is hugely different between the middle of the day and the AM/PM hours. So based on my own personal system it’s more like 50% 😀

      1. zzzzzzzzzz says:

        PWatts does such calculations much more accurately.
        http://pvwatts.nrel.gov/

        1. Tom says:

          Great link. Thanks.

      2. Alaa says:

        Just add a few more panels.

  4. DonC says:

    Huge differences is some vehicle classes> Unfortunately most consumers, focused entirely on the monthly lease or purchase payment, won’t care.

  5. Terawatt says:

    As I’ve been saying for a long time, the total cost of EVs is already lower than ICE – even before we include the externals​, which are actually the largest costs.

    Over the life of the car the fuel cost alone is $30k (150k miles) to $60k (300k miles) less than for the ICE SUVs…

    Maintenance is cheaper as well.

    With car sharing and higher utilisation more miles will accumulate faster and total miles will increase further, making the cost advantage greater still in car pool scenarios.

    And all this with tiny production volumes making total cost per car much higher for EVs than they will be when volume is 5 to 50 times as high.

    1. ¯\_(ツ)_/¯ sven says:

      The fueling cost difference between comparable BEV and Hybrid ICE cars in the U.S. is pretty close when using the current average prices for electricity and gasoline, and electricity price doesn’t include federal and state fuel taxes like the gasoline price.

      Hyundai Ioniq Electric (BEV) = $500 annual fueling cost @ $0.13/kWh

      Hyundai Ioniq Blue (Hybrid) = $600 annual fueling cost @ $2.30/gallon

      http://fueleconomy.gov/m/m.do?action=vehicles&id=38431&id=38485

      1. Brandon says:

        Yes, I vouch that is correct.

      2. M3 - Reserved Bolt/Niro - TBD says:

        In today’s fracking world, yes. And probably will remain competitive low for awhile so hybrid vs EV is on par

        So performance and style along with overall costs will dominate.

        In Cali, if Green stickers go away; EV will reign supreme, I would think that will be true since a lot more plug in hybrids are now making their way in and will clog up HOV (see LA)

      3. Tech01x says:

        With TOU rates, electricity can be much cheaper. I pay 6.5 cents/kWh for super off peak charging, or half the price quoted. That’s including taxes.

        1. Solar is your friend says:

          You must not live in PGE/SDGE land. Bend over for these guys.

          That said, still ahead on our Spark and Fiat leases by far.

  6. Jeffrey Songster says:

    Looking forward to the 200 miler of the Ionic EV.

  7. Lps says:

    Two points:
    1. Politicians find it easier to put road tax on EVs than do what is needed, raise the price of gas. This action pleases the ICE driving majority. Good thing on election time. But if you don’t tame this idea (road taxing EVs) eventually EV drivers will subsidize ICE drivers – eh?
    2. Before one can enjoy the solar world, beyond the cost of panels and labor, there are other cost as well, such as permits, which vary region by region. On the top of it some jurisdictions are very picky in this area and if you live in a city, rightly so.

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