How Much Will You Save on Gas with the New Hyundai Ioniq?
Hyundai is building something special with the new Hyundai Ioniq. It’s affordable, stylish, environmentally-friendly, and perhaps best of all, exceptionally fuel efficient. As we await the arrival of this stunning new vehicle, we decided to crunch some numbers to let you know how much you, or at least the average driver, will save on gas with the new Hyundai Ioniq.
First things first, you should know that the EPA has already provided ratings for the Hyundai Ioniq hybrid near Denver, CO. According to their estimates, the Ioniq should return an impressive 55 mpg on the highway, 54 mpg in the city, and 55 mpg in combined driving conditions.
According to data from the U.S. Department of Transportation Federal Highway Administration, the average American vehicle operator drivers 13,376 miles per year. For the sake of simplicity, let’s reduce that to an even 12,000 miles, equating to 1,000 miles driven per month.
Now, let’s look at the average fuel economy returns for American drivers. The EPA recently concluded that the average fuel economy of 2015 model-year vehicles is a record-high 24.8 miles per gallon. Thanks to vehicle weight loss, engine technology, and many other factors, today’s vehicles are more efficient than ever.
At the time of this writing, the average price of gas in Colorado is $2.14, which is a drastic improvement from a few years ago.
Working with those averages — 12,000 miles driven per year, 25 mpg, and $2.15 per gallon of gas – the 2018 Hyundai Ioniq will save the average driver approximately $563 per year.
To round out this experiment, the average vehicle owner keeps a car for about 6 years, and if that holds true, the Ioniq will save you nearly $3,400 over that time period.
Of course, all of these averages may not hold true to you, but as you consider your next vehicle and anticipation builds for the new Hyundai Ioniq near Denver, CO, this type of research is important to help you weigh the pros and cons of your prospective models.