Hyundai slashed prices for the 2026 Ioniq 5 by up to $9,800 on Wednesday. The cuts make the Ioniq 5 perhaps America's best EV deal. The Ioniq 5 now undercuts the Tesla Model Y by a long shot, while offering better value and specs than other competitors. If you're anything like me, you're kicking yourself for missing out on the $7,500 federal clean-car tax credit, which expired prematurely on Tuesday.
The Hyundai Ioniq 5 is one of the best EVs out there, and it was made even better when the 2025 model hit dealer lots. It has a bigger battery, which contributes to more range, a Tesla-style NACS charging port, a rear windshield wiper (the old one didn't have one), and a bunch of other niceties inside, such as wireless Apple CarPlay and Android Auto.