Shocking Price Cut: 2026 Hyundai Ioniq 5 Now From $35,000 — America’s Best EV Deal?
The Hyundai Ioniq 5 just became the EV to beat. Hyundai slashed prices for the 2026 model by up to $9,800, pushing the starting price to $35,000 (before destination). With the federal tax credit gone for many shoppers, this move puts real money back on the table — and it suddenly makes the Ioniq 5 one of the best-value electric cars in the U.S.
Hyundai Ioniq 5 Prices After the Cut
Hyundai’s new pricing hits multiple trims. The SE RWD is now $37,500 and (based on 2025 figures) targets ~318 miles of range. Step up to SEL RWD for $39,800, or go SEL AWD at $43,300 with ~290 miles. These are nearly $10,000 lower than before, effectively replacing the lost $7,500 credit — and then some.
Why Hyundai Ioniq 5 Suddenly Undercuts Rivals
Value isn’t only about sticker price. The Hyundai Ioniq 5 brings 800-volt architecture for ultra-fast DC charging (typically 10–80% in ~20 minutes), plus factory NACS support for Tesla Superchargers without adapters. That combo is rare at this price. Against similarly priced crossovers, it’s hard to find a better blend of speed, range, and real-world convenience.
Hyundai Ioniq 5 vs Tesla Model Y (And Everyone Else)
The Tesla Model Y still leads on EPA range (up to 357 miles for Long Range RWD) but costs much more: $44,900 for LR RWD and $48,990 for AWD. Meanwhile, Ioniq 5 pricing now stacks up favorably against the Chevrolet Equinox EV, Toyota bZ4X, Ford Mustang Mach-E, and Volkswagen ID.4. In many cases, Hyundai wins on price, charging speed, or both.
Real-World Appeal: Design, Drive, and Cabin
Beyond numbers, the Hyundai Ioniq 5 nails the intangibles. Testers consistently praise its smooth ride, quiet cabin, and retro-futuristic design. The interior is airy and spacious, with smart storage and an easy learning curve. For families or first-time EV buyers, it feels premium without punishing your budget.
What Happens Next In The EV Price War?
Expect countermoves. Brands like Ford, GM, and Rivian are already dangling compelling lease deals, often leveraging commercial credits. Tesla has a history of quick price shifts and may close the gap again — especially if a lower-priced Model Y variant materializes. For now, though, the Hyundai Ioniq 5 is a tough deal to beat.
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