Hyundai Slashes Prices Up to $9,800
Hyundai has thrown the first big punch in the post–tax credit EV market. The automaker just announced major price cuts of up to $9,800 on the 2026 Hyundai Ioniq 5, turning one of the most desirable electric crossovers into one of the best deals in America.
The base SE Standard Range RWD now starts at $35,000, down from $42,600. That makes it one of the few long-range EVs still priced under $40,000. According to Hyundai, the move aims to “better align with current market dynamics and support increased U.S. production volume” as the company ramps up output at its Metaplant America facility in Georgia.
Competitive Range, Faster Charging
Even at its new lower price, the Ioniq 5 doesn’t compromise on performance or charging. The SE RWD trim offers up to 318 miles of range, while the dual-motor SEL AWD version delivers around 290 miles. What truly sets it apart is Hyundai’s 800-volt electrical architecture, allowing 10% to 80% fast charging in just 20 minutes—significantly quicker than most rivals in this segment.
The 2026 Ioniq 5 also comes standard with the Tesla-designed NACS plug, providing direct access to Supercharger stations without an adapter. That makes it one of the first non-Tesla vehicles in the U.S. to support seamless Supercharger access right out of the box.
Price Comparison: A New Benchmark
Here’s where Hyundai’s move really hits home. After the price drop, the Ioniq 5 now undercuts or matches nearly every major EV competitor:
| Model | Range (EPA est.) | Starting Price (USD) |
|---|---|---|
| Hyundai Ioniq 5 SE RWD | 318 miles | $37,500 |
| Chevrolet Equinox EV | 319 miles | $34,995 |
| Toyota bZ4X | 314 miles | $42,000 |
| Ford Mustang Mach-E (Base) | 300 miles | $43,000 |
| Volkswagen ID.4 | 291 miles | $45,000 |
| Tesla Model Y RWD | 321 miles | $39,990 |
Even without the $7,500 federal EV tax credit, the Ioniq 5 manages to stay highly competitive. It offers long range, cutting-edge charging tech, and a lower price than many rivals—something few EVs can claim today.
Inside the Cabin: Retro Meets Practical
Beyond pricing, the Ioniq 5 remains one of the most practical and stylish EVs on sale. The cabin is airy, spacious, and futuristic, with plenty of flat surfaces and adjustable seating layouts. Materials are eco-friendly, and the minimalist interface feels modern yet approachable.
Some test drives have shown that the Ioniq 5’s ride comfort and handling balance make it one of the smoothest-driving EVs in its class. Hyundai’s attention to both design and usability continues to make it a favorite among families and tech-savvy buyers alike.
The Bigger Picture
With the federal EV tax credit now expired, automakers are scrambling to maintain sales momentum. Hyundai’s aggressive pricing signals a long-term strategy rather than a short-term incentive play. The company sold 21,999 Ioniq 5 units in Q3, doubling year-over-year sales, and aims to keep that growth curve steady.
Other brands like Tesla, Ford, and GM have relied on short-term discounts or lease incentives to cushion the loss of tax credits. Hyundai’s decision to permanently lower MSRP could pressure competitors to follow suit, potentially reshaping EV pricing across the board.
The Bottom Line
The 2026 Hyundai Ioniq 5 isn’t just cheaper—it’s arguably the smartest EV buy in America right now. With fast charging, long range, and access to Tesla’s Supercharger network, it’s hard to beat at this price point.
If you missed the EV tax credit deadline, don’t worry—Hyundai just gave you another reason to plug in.
Recommend Reading: The Hyundai Concept Three Previews the Future Ioniq 3 EV
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2026 Hyundai Ioniq 5 Sees Up to $9,800 Price Cut After Federal Tax Credit Ends