- Hyundai has lower the worth of its Ioniq 5 SUV by as much as $9,800, relying on the mannequin
- The transfer helps offset the lack of the federal authorities’s $7,500 EV tax credit score
The Hyundai Ioniq 5 is one among our favourite electrical autos. The winner of our 2025 Finest Electrical Automobile award has practicality and attraction.
On the sensible aspect, it’s a spacious midsize SUV with as much as 318 miles of vary, quick charging speeds due to an 800-volt structure, and one of the practical inside layouts of any trendy automotive.
Appeal comes from its distinctive fashion, which blends laborious edges with light curves and a pixelated gentle theme that playfully evokes the 8-bit really feel of the Nineteen Eighties.
For 2026, it will get extra engaging due to a big value lower. This week, Hyundai introduced four-figure markdowns on practically each trim degree. The “common value discount for all 2026 IONIQ 5 fashions is $9,155,” the corporate says, with the entry-level mannequin getting a $9,800 value lower.
The transfer helps make up for the lack of the federal authorities’s $7,500 EV tax credit score, which expired on the finish of September.
2026 Hyundai Ioniq 5 Pricing
All costs embody a compulsory $1,600 supply price.
| Mannequin | Motor | 2025 MSRP + vacation spot price | 2026 MSRP + vacation spot price | Value Discount |
| IONIQ 5 SE RWD Customary Vary | 125 kW (168 hp) Electrical Motor | $44,200 | $36,600 | $7,600 |
| Ioniq 5 SE RWD | 168 kW (225 hp) Electrical Motor | $48,250 | $39,100 | $9,150 |
| IONIQ 5 SEL RWD | 168 kW (225 hp) Electrical Motor | $51,200 | $41,400 | $9,800 |
| IONIQ 5 Restricted RWD | 168 kW (225 hp) Electrical Motor | $55,900 | $46,675 | $9,225 |
| Ioniq 5 SE AWD | 74 kW + 165 kW (320 hp) Electrical Motors | $51,750 | $42,600 | $9,150 |
| Ioniq 5 Sel AWD | 74 kW + 165 kW (320 hp) Electrical Motors | $54,700 | $44,900 | $9,800 |
| IOLITION 5 XRT AWD | 74 kW + 165 kW (320 hp) Electrical Motors | $57,100 | $47,875 | $9,225 |
| IONIQ 5 XRT AWD with Tow Hitch | 74 kW + 165 kW (320 hp) Electrical Motors | $57,550 | $48,325 | $9,225 |
| IONIQ 5 Restricted AWD | 74 kW + 165 kW (320 hp) Electrical Motors | $59,800 | $50,575 | $9,225 |
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