Hyundai drops Ioniq 5 prices nearly $ 10,000, extends $ 7,500 incentives until October – Jalopnik

Automakers come up with all kinds of ways to make their electric vehicles more attractive after the murder of the tax credit of $ 7,500 EV. Now Hyundai drops the sticker price of his incredibly popular Ioniq 5 -Crosover for 2026 and it will continue to offer a $ 7,500 cash at 2025 models until the end of October.

The Korean automaker says that the movements reflect the dedication of Hyundai to affordability and its long-term EV strategy, including plans to bring the production of electric vehicles to its factory near Savannah, Georgia. Hyundai has not yet come into details for 2026 prices, but it says that MSRP will be fell at Ioniq 5S with a maximum of $ 9,800, depending on the trim level. That is a large part of a change in a car that – at the moment – costs between $ 44,075 and $ 55,775, including destination.

Hyundai tells Automotive news That current sales momentum enables it to lower prices, which indicates “financial strength and the ability to navigate on market uncertainty.” I am sure that this is a very enviable position for many car manufacturers.

In the third quarter of 2025, Hyundai says that his American EV volume more than doubled from the same time last year, as a result of which the total turnover increased 13% to 239,069 vehicles – a new record. The IONIQ 5 in itself saw a turnover from 90% to 21,999 units. The IONIQ 6 Sedan (of which I love) has experienced a profit of 29% in sales for 2,910 units, and 3,164 of the three-ride Ioniq 9 that in May for sale Was-Volond itself in the driveways of people.

In a statement to Automotive newsRandy Parker, CEO of Hyundai Noord -America, said that the price reduction and incentives “Hyundai’s inheritance of delivering exceptional value and support” strengthened. This is what he told the outlet even more:

“Although the $ 7,500 EV credit has passed, our electrification strategy has always gone beyond incentives,” said Parker. “We have invested in EV innovation well before the [Inflation Reduction Act] And remain steadfast in our dedication to affordability, quality and customer service. “

One of the rules of the EV tax credit was that imported EVs were not eligible, and therefore Hyundai leaned heavily in front of leasing. It enabled the company to pass on the credit to customers while it worked to qualify for the tax credit for the IONIQ 5. The car has been built in the Savannah factory since May, which means that it was completely eligible for the credit, and the decision of Hyundai to keep the $ 7,500 stimulus through October, some people will certainly help to get behind the wheel of one of these great little crossovers.