Gas vs Electric · Head-to-head running cost
Hyundai Ioniq 6 vs Toyota Camry: what it really costs to run
The Hyundai Ioniq 6 and Toyota Camry both chase efficiency hard, so plug them in below and see how the Ioniq 6's ~3.7 mi/kWh stacks up against a ~32 mpg gas Camry (or the newest hybrid-only Camry closer to ~48 mpg) in the calculator, already set to both cars.
When you come out ahead
Showing cumulative fuel savings. Add the two cars' prices in the controls to plot your exact break-even point.
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The Ioniq 6 is one of the most efficient EVs on the road at roughly 3.7 mi/kWh, so on home electricity around $0.17/kWh its cost per mile lands well below a 32 mpg Camry burning ~$3.30 gas. That efficiency is the whole story here: the Ioniq 6 stretches every kWh further than most EVs, so the per-mile gap is wider than the sticker prices alone suggest. Lean on public DC fast-charging near $0.48/kWh, though, and that lead shrinks fast — the Ioniq 6 is cheap to run mainly when you charge at home.
The catch is the price tag. The Ioniq 6 starts around $43,000 against roughly $29,000 for a Camry, and you have to claw that gap back through fuel and maintenance savings over years of driving. Compare against the newest Camry, which is hybrid-only at about 48 mpg, and its pump cost per mile drops sharply, so your break-even against the Ioniq 6 stretches out considerably. And with the federal EV tax credit gone since it ended September 30, 2025, only state or utility incentives — if your area has any — can help close that price gap.
What to keep in mind
- The Ioniq 6's ~3.7 mi/kWh is unusually high for an EV, so its per-mile edge over a 32 mpg Camry is bigger than the $43k-vs-$29k price gap hints.
- That edge assumes home charging near $0.17/kWh; regular reliance on public fast-charging around $0.48/kWh narrows or erases the Ioniq 6's lead over the Camry.
- Recovering the ~$14k sticker gap takes years, and the ~48 mpg hybrid Camry stretches the Ioniq 6's break-even out even further.
Hyundai Ioniq 6 vs Toyota Camry: common questions
Is the Ioniq 6 cheaper to run than a Camry?
On home electricity around $0.17/kWh, yes — the Ioniq 6's ~3.7 mi/kWh efficiency puts its per-mile cost well below a 32 mpg Camry on ~$3.30 gas. That advantage assumes you mostly charge at home; frequent public fast-charging near $0.48/kWh cuts into it. Use the calculator above to see the difference for your own mileage and rates.
Does the newest hybrid Camry change the math?
It does. The latest Camry is hybrid-only at roughly 48 mpg, which lowers its fuel cost per mile and shrinks the Ioniq 6's running-cost lead. You'd still likely pay less per mile in the Ioniq 6 on home power, but its ~$43k-vs-~$29k sticker gap takes longer to break even against a 48 mpg hybrid.