Hyundai News:2026 IONIQ 5 EV Lineup has Major Price Reduction

[G. David Felt]

Hyundai Motor America reinforced their commitment to EVs in making them more accessible and competitive in today's evolving U.S. EV market. In better alignment with current market dynamics, supporting increased U.S. production volume, Hyundai announced for the 2026 Model year price reductions ranging from $7,600 to $9,800 dollars across the complete model lineup.

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

The 2026 lineup has the following changes:

• Dual amperage Level1 / Level 2 combination charger now included with all models
• New Sage Silver Matte color
• Vibrant Ultimate Red and Cosmic Blue Pearl colors available on all models

Hyundai remains committed to delivering top value and even though the federal rebate has ended, Hyundai will continue to honor the $7,500 rebate on all qualifying purchases and leases of the 2025 IONIQ 5's left in stock.

Hyundai IONIQ 5 has earned the following awards:

• World Car of the Year
• World Electric Vehicle of the Year
• World Car Design of the Year
• IIHS Top Safety Pick+
• Best Electric SUV – U.S. News & World Report
• Best Tech Powertrain – MotorTrend
• EV of the Year – Car and Driver
• Top Pick for New Parents/Suburbanites/Tomorrow Seekers – Newsweek Auto Awards
• Best Cars for the Money – U.S. News
• Best Electric Vehicle – Cars.com
• Wards 10 Best Engines & Propulsion Systems
• Best Buy Awards – Kelley Blue Book

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[Drew Dowdell]

Part of this was planned a few years ago. Hyundai moved production of the Ioniq 5 to the U.S. to help with pricing. before tariffs were a thing.  I think the 2026 model year is the first full year of US production.

[G. David Felt]

What makes this so great is that the reduction is more than the IRA Rebate and way better than the idiot Tesla 11% increase in cost with an auto $6,500 Tesla rebate for purchases or leases. Tesla is stupid compared to Hyundai. At least Ford and GM have honored the $7,500 rebates still but kept prices the same. I suspect we will see them drop prices to compete with Hyundai.

Be interesting to see how Kia and Genesis responds as well as the European companies and the few Japanese options.

[smk4565]

A needed cut since this vehicle has been on the market a while.  I wonder if they are making any money on these at that price.  

But the only way EV's take over is when they get cheaper than gas, this is still more than a Tucson, but the gap is getting closer.

[oldshurst442]

37 minutes ago, smk4565 said:

A needed cut since this vehicle has been on the market a while.  I wonder if they are making any money on these at that price.  

But the only way EV's take over is when they get cheaper than gas, this is still more than a Tucson, but the gap is getting closer.

EVs in North America better get an even MORE price cut because the Chinese EV makers are on stand-by and ready to flood this market.  All it takes is Canada to eliminate the 100% tariffs on them and Chinese EVs will enter with ease spelling the end for GM and Ford and quite possibly Tesla.  Stellantis could maybe survive via Europe but only in Europe.   KIA could survive as KIA's mother market is not a dumb one like in Trump's America. 

Its funny to me when anti-EV morons say NOBODY wants an EV.  Yet...the US and Canada have 100% tariffs on them. If NOBODY wants EVs, then why the 100% tariff on them? NOBODY would be buying them anyway regardless if tariffed or not.  Nobody wants EVs, right???!!! 

But ah.....people DO want EVs. ESPECIALLY if they are of the low-priced variety.  And it seems like the ones that China will offer us WOULD be of the low-priced yet very competent variety.    

The situation of new car prices in the US, even for ICEV, has reached the point of ridiculousness. And with many jobs being lost daily, the question is, who the hell could afford ANY new car in the US REGARDLESS if ICEV or EV?

But here in Canada, we are doing well enough.  We are de-coupling from the US in certain areas. In other markets, Canada is side stepping and pivoting away from the US but keeping the US as a partner...for now.  

In the automotive area, we are quite dependant still and quite in bed with the US.  But, push come to shove, and we may have to drastically de-couple and fast.  And it aint a joke either.  Our politically Provincial leaders, most of them, are SERIOUSLY DEMANDING our Prime Minister to SERIOUSLY take into consideration in eliminating these tariffs we have levied on Chinese EVs to let them in our market.  And Carney, our PM, is REALLY looking into this matter.  Yet again, sometime this week, tomorrow or whatever, he will meet with Trump to discuss the bulsshyte talk of the 51st  State rhetoric and the tariff situation between the US and Canada.  If this talk will go nowhere,  like it probably will lead to nothing... Chineses EVs are THAT much closer in being sold in Canada.   

Trump likes to lie and suggest Canada is folding, but its the opposite, anytime talks between Carney and Trump fail, another nail in the coffin for the US as Carney then just goes to Europe and makes another trade deal for Canada and the Eurozone.  China will probably be solved before 2026 appears...  

 

Edited 2 hours ago by oldshurst442