Related: Post-Credits: How EV Adoption Advances When Incentives Fade
Hyundai Cuts Prices On EV Lineup
Hyundai slashes prices on the 2026 IONIQ 5 models up to $9,800 to stay competitive in the fast-growing electric vehicle market.
October 3, 2025
The 2026 Hyundai IONIQ 5 receives significant price reductions across all trims, with cuts ranging from $7,600 to $9,800 to boost accessibility and strengthen Hyundai’s EV market position.
Photo: Hyundai
2 min to read
Hyundai Motor America announced significant price cuts for the 2026 IONIQ 5 lineup on Oct. 2, with reductions ranging from $7,600 to $9,800, depending on the model.
The adjustment is intended to align with market conditions, support higher U.S. production, and increase EV accessibility.
“Hyundai is taking steps to keep the IONIQ 5 a top choice for EV buyers,” said Randy Parker, president and CEO of Hyundai Motor North America, in a news release. “This pricing realignment reflects our commitment to affordability and innovation.”
2026 IONIQ 5 Pricing Compared to 2025
Freight charges for the 2026 MY are $1,600 and not included in the listed MSRPs.
Model | Motor | 2025 MSRP | 2026 MSRP | Price Reduction |
|---|---|---|---|---|
IONIQ 5 SE RWD Standard Range | 125 kW (168 hp) Electric Motor | $42,600 | $35,000 | ($7,600) |
IONIQ 5 SE RWD | 168 kW (225 hp) Electric Motor | $46,650 | $37,500 | ($9,150) |
IONIQ 5 SEL RWD | 168 kW (225 hp) Electric Motor | $49,600 | $39,800 | ($9,800) |
IONIQ 5 Limited RWD | 168 kW (225 hp) Electric Motor | $54,300 | $45,075 | ($9,225) |
IONIQ 5 SE AWD | 74 kW + 165 kW (320 hp) Electric Motors | $50,150 | $41,000 | ($9,150) |
IONIQ 5 SEL AWD | 74 kW + 165 kW (320 hp) Electric Motors | $53,100 | $43,300 | ($9,800) |
IONIQ 5 XRT AWD | 74 kW + 165 kW (320 hp) Electric Motors | $55,500 | $46,275 | ($9,225) |
IONIQ 5 XRT AWD with Tow Hitch | 74 kW + 165 kW (320 hp) Electric Motors | $55,950 | $46,725 | ($9,225) |
IONIQ 5 Limited AWD | 74 kW + 165 kW (320 hp) Electric Motors | $58,200 | $48,975 | ($9,225) |
Awards and Recognition
The IONIQ 5 has received multiple awards, including:
World Car of the Year
World Electric Vehicle of the Year
World Car Design of the Year
IIHS Top Safety Pick+
Best Electric SUV – U.S. News & World Report
Best Tech Powertrain – MotorTrend
EV of the Year – Car and Driver
Top Pick for New Parents/Suburbanites/Tomorrow Seekers – Newsweek Auto Awards
Best Cars for the Money – U.S. News
Best Electric Vehicle – Cars.com
Wards 10 Best Engines & Propulsion Systems
Best Buy Awards – Kelley Blue Book
Incentives
Remaining 2025 IONIQ 5 models continue to qualify for the $7,500 federal purchase and lease incentive.
More Electric Vehicles
EV Charging Use Is Outpacing Infrastructure Growth
ChargePoint’s 2026 Charging Forward Report points to rising charger use, higher-powered charging, commercial vehicle electrification, and energy-management technology. Here’s what fleets should know.
Read More →
EV Realty Names Henrik Holland President as Charging Platform Expands
The former Prologis Mobility and Shell executive will help expand EV Realty’s truck charging business and move its power-first infrastructure model into autonomous vehicle depots and other fleet sectors.
Read More →
GreenPower Expands New Mexico EV Pilot With Larger Buses, V2G Testing
After logging more than 17,000 electric miles in the first year, New Mexico’s statewide pilot is moving into its second phase with larger vehicles, continued charging evaluations, and more.
Read More →
Can EV-as-a-Service Help Fleets Scale Electrification?
Sustainability Partners CEO Adam Cain explains how matching EVs, charging infrastructure, and duty cycles can help fleets scale electrification.
Read More →
How EV-as-a-Service Is Moving Fleets Beyond Pilots
Adam Cain, president and CEO of Sustainability Partners, explains how EV-as-a-service can help fleets scale deployments by addressing duty-cycle requirements and charging challenges.
Read More →
PowerFlex, The Mobility House Join Forces to Advance Fleet Electrification
Two EV charging providers are joining forces to deliver a broader portfolio of energy management and fleet electrification solutions.
Read More →
Ford Retools Louisville Plant for Fathom Electric Truck Production
Ford's $2 billion Louisville Assembly Plant overhaul introduces a three-part assembly process for the Fathom midsize electric truck, with production scheduled to begin in 2027.
Read More →
Merchants Fleet Reports 290M EV Miles as Fleets Navigate Changing Electrification Market
From millions in operating savings to hundreds of millions of EV miles, Merchants Fleet’s latest report reveals what’s working and what’s changing in fleet electrification.
Read More →
California District Commits to Electrify 25% of School Bus Fleet by 2028
One of the nation's largest school bus electrification projects to date demonstrates how grants, charging infrastructure, and public-private partnerships can help fleets transition to EVs at scale.
Read More →
Aptera Orders Bodies and Chassis for Its First 40 Production Vehicles
Aptera Motors Corp. has issued purchase orders for the major structural components of its first 40 vehicles, and body and chassis components are expected to begin arriving in October.
Read More →