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.”
It’s interesting to see Hyundai making such a significant price cut for the Ioniq 5. This could really shift the market dynamics and offer more options for consumers. Exciting times ahead for electric vehicles!
It really is fascinating! A price cut like this not only makes the Ioniq 5 more accessible but could also intensify competition among electric vehicle manufacturers. It’ll be interesting to see how other brands respond in terms of pricing and features to keep up with consumer demand.