Hyundai gives the Ioniq 5 a huge price cut for model-year 2026

Earlier today, we wrote about how Ford, General Motors, and Tesla have reacted to the end of the clean vehicle tax credits. Now we know what Hyundai is doing, and the answer is “giving the Ioniq 5 a huge price cut.”

The cheapest Ioniq 5 is still the SE RWD. A model-year 2025 SE RWD cost $42,600; for model-year 2026 it’s now $35,000. The price cuts for other versions are even greater—between $9,150 and $9,800. For example, the Ioniq 5 XRT that you see in the photo above had a starting price of $55,500 for MY25; now it starts at a very reasonable $46,275.

“Hyundai is taking bold steps to ensure our award-winning Ioniq 5 remains a top choice for EV buyers,” said Randy Parker, president and CEO of Hyundai Motor North America. “This pricing realignment reflects our commitment to delivering exceptional technology and innovation without compromise.”

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