The 2026 Hyundai IONIQ 5 is one of the most affordable EVs on the market, starting at $35,000. With a new design, fast charging, and long driving range, it has won over buyers since its US launch in late 2021. For the 2025 model year, Hyundai upped the ante with more driving range, improved styling, and a built-in NACS port for charging at Tesla Superchargers.
After the federal $7,500 EV tax credit expired, Hyundai cut prices on 2026 models by up to $9,800. The company said the lower prices reflect its commitment to affordability and long-term EV strategy. Kelley Blue Book's 2026 Best Buy Awards named the IONIQ 5 as the best overall electric vehicle, with price cuts making it competitive in terms of EV pricing.
The base SE Standard Range model starts at $35,000, while the extended-range SE RWD trim starts at $37,500. With up to 318 miles of range and fast charging capabilities, the IONIQ 5 is an attractive option for buyers. Hyundai's new Getaway Sales Event offers a $10,000 bonus cash discount on all 2026 IONIQ 5 trims, potentially bringing prices down to as low as $25,000.
Competitors like GM's Chevy Equinox EV are also offering discounts, but the IONIQ 5 remains an attractive option with its range and interior space. With its modern tech and comfortable interior, the IONIQ 5 is a great choice for buyers looking for an affordable EV. Hyundai's deals end on March 2, 2026.
The $10,000 discount on the 2026 Hyundai IONIQ 5 makes it an even more attractive option for buyers in the market for an affordable electric vehicle. With its long driving range and fast charging capabilities, the IONIQ 5 is a great choice for those looking for a practical EV.
