After slashing practically $10,000 off its top-selling EV within the US, Hyundai is now extending the financial savings abroad. In Australia, the automaker is providing reductions of greater than $34,000 AUD ($22,400) on a few of its EVs.
Hyundai is discounting EVs within the US and abroad
Final week, Hyundai introduced it was decreasing costs on the 2026 IONIQ 5 by as much as $9,800 within the US. The 2026 IONIQ 5 begins at simply $35,000, making it one of the crucial inexpensive EVs out there alongside the Chevy Equinox EV and the Nissan LEAF.
Hyundai mentioned the beneficiant EV reductions mirrored its “dedication to affordability” as a part of its long-term technique.
Report automobile gross sales and better output at its new EV plant in Georgia are serving to cut back prices, which the corporate mentioned it’s now passing on to patrons.
The large EV reductions are beginning to pile up after Hyundai minimize costs in one other market on Tuesday. After launching a sequence of particular presents in Australia on Tuesday, Hyundai is discounting a few of its EVs by greater than $34,000 AUD ($22,400).
In line with TheDriven, Hyundai decreased costs on choose IONIQ 5, IONIQ 6, Inster EV, and Kona Electrical fashions by as much as $34,142 AUD.
Hyundai’s most inexpensive electrical automobile, the Inster (which is unfortunately not offered within the US), acquired a $3,925 AUD worth discount, and now begins at underneath $40,000 AUD for the primary time.
The IONIQ 6 is closely discounted, with as much as $34,142 AUD off the driveway worth on 2023 mannequin 12 months stock. Hyundai has additionally decreased the costs of the IONIQ 5 by practically $10,000 AUD. Because the report factors out, the financial savings are based mostly on the driveway costs in NSW, which can be found nationally. Please word that these costs are in AUD.
Though Hyundai’s worth cuts within the US had been in response to the $7,500 federal EV tax credit score expiring, the reductions in Australia come as demand for electrical automobiles is at an all-time excessive. In September, electrical automobiles accounted for 11.3% of recent automobile gross sales.
Within the US, Hyundai continues to be providing a $7,500 money incentive for 2025 IONIQ 5 fashions till at the least the tip of October.
| 2025 Hyundai IONIQ 5 Trim | Driving Vary (miles) | 2025 Beginning Worth | 2026 Beginning Worth* | Worth Discount | Month-to-month lease price (October 2025) |
| IONIQ 5 SE RWD Customary Vary | 245 | $42,600 | $35,000 | ($7,600) | $249 |
| IONIQ 5 SE RWD | 318 | $46,650 | $37,500 | ($9,150) | $259 |
| IONIQ 5 SEL RWD | 318 | $49,600 | $39,800 | ($9,800) | $299 |
| IONIQ 5 Restricted RWD | 318 | $54,300 | $45,075 | ($9,225) | $369 |
| IONIQ 5 SE Twin Motor AWD | 290 | $50,150 | $41,000 | ($9,150) | $309 |
| IONIQ 5 SEL Twin Motor AWD | 290 | $53,100 | $43,300 | ($9,800) | $349 |
| IONIQ 5 XRT Twin Motor AWD | 259 | $55,500 | $46,275 | ($9,225) | $379 |
| IONIQ 5 Restricted Twin Motor AWD | 269 | $58,200 | $48,975 | ($9,225) | $419 |
The 2025 Hyundai IONIQ 5 Customary Vary begins at $42,600, whereas the 2026 mannequin 12 months is priced from simply $35,000.
Though it was already one of the crucial inexpensive EVs available on the market, the IONIQ 5 is tough to cross up with leases beginning at simply $249 monthly within the US. For $10 extra monthly ($259), you’ll be able to improve to the long-range SE RWD trim, which presents a spread of as much as 318 miles.
Curious what Hyundai’s electrical SUV feels wish to drive? You possibly can discover out there IONIQ 5 fashions close to you by way of our trusted associate.
