Hyundai is slashing prices on the 2026 Ioniq 5 lineup, with reductions ranging from $7,600 to $9,800 depending on the trim. The move appears aimed at offsetting cost due to the expiration of the $7,500 federal EV tax credit.
The price adjustment means that buyers won’t feel the same financial hit now that the government incentive is gone. The starting price for the 2026 Ioniq 5 is now starts at $39,800, plus the $1,600 destination fee, compared to the 2025 model that was priced at $49,600 A 2026 Ioniq 5 Limited is now nearly $10,000 cheaper than before, with a new price tag starting at $48,975.
Hyundai says the shift is part of a broader strategy to keep the Ioniq 5 competitive in the crowded EV market, while also supporting increased U.S. production volumes.
