"Hyundai slashed prices for the 2026 Ioniq 5 by up to $9,800 on Wednesday. The cuts make the Ioniq 5 perhaps America's best EV deal. The Ioniq 5 now undercuts the Tesla Model Y by a long shot, while offering better value and specs than other competitors. If you're anything like me, you're kicking yourself for missing out on the $7,500 federal clean-car tax credit, which expired prematurely on Tuesday."
"The End Of The EV Tax Credit, Explained On Wednesday, Hyundai slashed the manufacturer-suggested retail price of the 2026 Ioniq 5 crossover by up to $9,800, making up for the loss of the tax credit and then some. Overnight, the new Ioniq 5 has become one of the bestif not the bestEV deals in America. After the price cut, a 2026 Ioniq 5 retails for as little as $35,000, before destination fees. Now, I'll readily admit that's not cheap cheap. But it's not a lot for a brand-new electric car."
"Hyundai said the move helps it "better align with current market dynamics and support increased U.S. production volume." And I'd agree. At these prices, Hyundai's going to keep selling a ton of these things. (It's moved some 41,000 of them this year so far.) 2025 Hyundai Ioniq 5 Limited Photo by: Hyundai The Ioniq 5 SE RWD now costs $37,500 and (according to the 2025 model year's figures) offers 318 miles of estimated range."
Hyundai reduced the 2026 Ioniq 5 manufacturer's suggested retail price by as much as $9,800. The price cuts bring a new Ioniq 5 starting near $35,000 before destination fees and push the Ioniq 5 below the Tesla Model Y on price while offering competitive specs. The federal $7,500 clean-car tax credit expired prematurely, prompting manufacturers to offer discounts and incentives. Hyundai characterized the move as aligning with market dynamics and supporting increased U.S. production volume. The company has moved about 41,000 Ioniq 5 units this year, and the SE RWD is listed at $37,500 with an estimated 318-mile range.
Read at insideevs.com
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