"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.""
"Unlike the tax credit, there's no income cap applied to Hyundai's price cut. But the cuts have only been applied to Ioniq 5s built in the US-the Ioniq 5 N, built in Korea, was absent from Hyundai's press release, as was the Ioniq 6 sedan or the Ioniq 9 three-row SUV. However, Hyundai said that those MY25 cars are still eligible for a manufacturer's incentive of $7,500. Hyundai updated the Ioniq 5 last year, adding native NACS ports and other improvements to an already-excellent EV, like adding the missing rear windshield wiper."
Hyundai implemented substantial price reductions for U.S.-built Ioniq 5 models for model-year 2026, lowering the SE RWD from $42,600 to $35,000 and cutting other versions by $9,150–$9,800. The Ioniq 5 XRT example fell from $55,500 to $46,275. The price realignment applies only to Ioniq 5s built in the United States and carries no income cap unlike the federal tax credit. Ioniq 5 N (Korea-built), Ioniq 6, and Ioniq 9 were not included in the cut but MY25 units remain eligible for a $7,500 manufacturer incentive. The Ioniq 5 received updates including native NACS ports and a rear windshield wiper.
Read at Ars Technica
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