Though the $7,500 EV tax credit score has expired, Hyundai is conserving the financial savings going. Hyundai is decreasing 2026 IONIQ 5 costs by almost $10,000, whereas extending the tax credit score for the present mannequin 12 months.
The 2026 Hyundai IONIQ 5 will get an almost $10,000 worth minimize
The 2026 IONIQ 5 is slated for a big worth minimize as Hyundai commits to providing extra reasonably priced automobiles within the US.
Hyundai stated it can cut back costs by as much as $9,800 on the 2026 IONIQ 5. The financial savings depend upon the trim, however the base IONIQ 5 RWD Commonplace Vary mannequin now begins at simply $35,000, making it some of the reasonably priced EVs in the marketplace, 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 at the very least October.
The worth modifications “mirror Hyundai’s dedication to affordability and its long-term EV technique,” the corporate stated. Hyundai builds the IONIQ 5 alongside its bigger IONIQ 9 electrical SUV on the Hyundai Motor Group Metaplant America (HMGMA) in Georgia.
Larger gross sales and native manufacturing have helped Hyundai minimize prices, which it’s now passing on to patrons. By making some of the awarded EVs much more reasonably priced, Hyundai goals to maintain the momentum going.
The IONIQ 5 is coming off its greatest third-quarter gross sales so far after surging 90% year-over-year (YOY), with almost 22,000 items offered. Via September, Hyundai has offered 41,091 IONIQ 5 fashions within the US, a 35% improve in comparison with the identical interval in 2024.
After delivering the first IONIQ 9 fashions to prospects on the finish of Might, 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’ll be able to even snag the prolonged vary SE or SEL mannequin for beneath $40,000 now. Or, for those who’re actually seeking 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 | Month-to-month lease value (October 2025) |
| IONIQ 5 SE RWD Commonplace 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 DUAL MOTOR AWD | 290 | $50,150 | $41,000 | ($9,150) | $309 |
| IONIQ 5 SEL Twin Motor AWD | 290 | $53,100 | $43,300 | ($9,800) | $349 |
| IONOUS 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 |
Regardless of the decrease costs, the 2026 Hyundai IONIQ 5 is a carry-over mannequin with no vital modifications from the outgoing mannequin. The one distinction is a brand new L1/L2 charging cable and Sage Silver Matte shade choices.
The 2025 Hyundai IONIQ 5 stays some of the reasonably priced EVs in the marketplace, with leases beginning at simply $249 monthly. You’ll be able to improve to the longer vary SE RWD, with as much as 318 miles of driving vary, for $259 monthly.
For the adventure-seekers, the Twin Motor AWD IONIQ 5 XRT, which packs 320 horsepower and loads of off-road upgrades, is tempting at simply $379 monthly proper now.
Hyundai’s provide ends on November 3. The $249 lease deal is for twenty-four months on the 2025 IONIQ 5 SE Commonplace Vary, with $3,999 due at signing.
Alternatively, Hyundai is providing $11,000 in retail bonus money and 0% APR for as much as 72 months on all 2025 IONIQ 5 trims when financed by means of Hyundai Motor Finance.
Should you’re interested by trying out Hyundai’s electrical SUV for your self, you need to use our hyperlink to discover IONIQ 5 fashions accessible in your space (through a trusted affiliate hyperlink).
FTC: We use revenue incomes auto affiliate hyperlinks. Extra.
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