Though the $7,500 EV tax credit score has expired, Hyundai is holding the financial savings going. Hyundai is lowering 2026 IONIQ 5 costs by practically $10,000, whereas extending the tax credit score for the present mannequin 12 months.
The 2026 Hyundai IONIQ 5 will get a virtually $10,000 value reduce
The 2026 IONIQ 5 is slated for a big value reduce as Hyundai commits to providing extra inexpensive automobiles within the US.
Hyundai mentioned it can cut back costs by as much as $9,800 on the 2026 IONIQ 5. The financial savings rely on the trim, however the base IONIQ 5 RWD Customary Vary mannequin now begins at simply $35,000, making it some of the inexpensive EVs available on the market, alongside the Chevy Equinox EV.
Within the meantime, Hyundai will proceed to supply the $7,500 money incentive for the present 2025 fashions by means of no less than October.
The value modifications “mirror Hyundai’s dedication to affordability and its long-term EV technique,” the corporate mentioned. Hyundai builds the IONIQ 5 alongside its bigger IONIQ 9 electrical SUV on the Hyundai Motor Group Metaplant America (HMGMA) in Georgia.
Greater gross sales and native manufacturing have helped Hyundai reduce prices, which it’s now passing on to patrons. By making some of the awarded EVs much more inexpensive, Hyundai goals to maintain the momentum going.
The IONIQ 5 is coming off its finest third-quarter gross sales thus far after surging 90% year-over-year (YOY), with practically 22,000 items bought. By September, Hyundai has bought 41,091 IONIQ 5 fashions within the US, a 35% improve in comparison with the identical interval in 2024.
After delivering the primary IONIQ 9 fashions to clients on the finish of Could, gross sales have reached 4,177 items by means of September.
The 2025 Hyundai IONIQ 5 begins at $42,600 with a driving vary of as much as 245 miles. Upgrading to the long-range SE RWD mannequin, with 318 miles of vary, prices $46,550.
The 2026 mannequin 12 months begins at simply $35,000, or $7,600 lower than the 2025 IONIQ 5. You possibly can even snag the prolonged vary SE or SEL mannequin for below $40,000 now. Or, when you actually need to get loopy, the off-road XRT variant is tempting at simply $46,275, which is $9,225 lower than final 12 months’s mannequin.
| 2025 Hyundai IONIQ 5 Trim | Driving Vary (miles) | 2025 Beginning Value | 2026 Beginning Value* | Value Discount |
| IONIQ 5 SE RWD Customary Vary | 245 | $42,600 | $35,000 | ($7,600) |
| IONIQ 5 SE RWD | 318 | $46,650 | $37,500 | ($9,150) |
| IONIQ 5 SEL RWD | 318 | $49,600 | $39,800 | ($9,800) |
| IONIQ 5 Restricted RWD | 318 | $54,300 | $45,075 | ($9,225) |
| IONIQ 5 SE Twin Motor AWD | 290 | $50,150 | $41,000 | ($9,150) |
| IONIQ 5 SEL Twin Motor AWD | 290 | $53,100 | $43,300 | ($9,800) |
| IONIQ 5 XRT Twin Motor AWD | 259 | $55,500 | $46,275 | ($9,225) |
| IONIQ 5 Restricted Twin Motor AWD | 269 | $58,200 | $48,975 | ($9,225) |
Regardless of the decrease costs, the 2026 Hyundai IONIQ 5 is a carry-over mannequin with no important modifications from the outgoing mannequin. The one distinction is a brand new L1/L2 charging cable and Sage Silver Matte coloration choices.
Final month, the 2025 Hyundai IONIQ 5 was some of the inexpensive EVs available on the market, with leases beginning at simply $179 per 30 days. Hyundai’s provide ended on September 30, the identical day the $7,500 federal tax credit score expired. Nevertheless, it’s promising to maintain the offers alive.
Examine again quickly for the most recent Hyundai affords. We’ll hold you up to date with the most recent offers.
In case you’re concerned with trying out Hyundai’s electrical SUV for your self, you should utilize our hyperlink to search out IONIQ 5 fashions obtainable in your space (by way of a trusted affiliate hyperlink)
