Hyundai Cuts Ioniq 5 Value by Extra Than $9,000

• Hyundai has lower the value 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 automobiles. The winner of our 2025 Greatest Electrical Car award has practicality and allure.

On the sensible facet, it’s a spacious midsize SUV with as much as 318 miles of vary, quick charging speeds due to an 800-volt structure, and some of the useful inside layouts of any trendy automobile.

Appeal comes from its distinctive model, which blends onerous edges with mild curves and a pixelated mild theme that playfully evokes the 8-bit really feel of the Eighties.

For 2026, it will get extra enticing due to a major worth lower. This week, Hyundai introduced four-figure markdowns on practically each trim degree. The “common worth discount for all 2026 IONIQ 5 fashions is $9,155,” the corporate says, with the entry-level mannequin getting a $9,800 worth 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 embrace a compulsory $1,600 supply price.