Hyundai Lowers Price on 2026 IONIQ 5 EV Lineup
- Hyundai reduces 2026 IONIQ 5 pricing by up to $9,800
- Average price reduction for all 2026 IONIQ 5 models is $9,155
- Enhances EV accessibility and competitiveness
- Pricing for the exceptionally well-equipped 2026 IONIQ 5 SE begins at $35,000 MSRP
- $7,500 cash incentive carries over for 2025 IONIQ 5 models
2026 IONIQ 5 Lineup Changes
- Dual amperage Level 1 / Level 2 combination charger now included with all models
- New Sage Silver Matte color added
- Vibrant Ultimate Red and Cosmic Blue Pearl colors available on all models
FOUNTAIN VALLEY, Calif., Oct. 1, 2025 /PRNewswire/ -- Hyundai Motor America today announced substantial pricing reductions across the 2026 IONIQ 5 lineup, reinforcing the brand's commitment to making EVs more accessible and competitive in the rapidly evolving EV market.
The repositioning effort includes model price reductions ranging from $7,600 to $9,800, enabling Hyundai to better align with current market dynamics and support increased U.S. production volume. These changes come as part of a broader strategy to maintain the IONIQ brand's leadership in the electric vehicle space while responding to shifting consumer expectations and competitive pressures.
"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, Hyundai Motor North America. "This pricing realignment reflects our commitment to delivering exceptional technology and innovation without compromise."
2025 IONIQ 5 Pricing Compared with 2026 IONIQ 5 Pricing | ||||
Model | Motor | 2025 MSRP | 2026 MSRPi | Price |
IONIQ 5 SE RWD Standard | 125 kW (168 hp) Electric | $42,600 | $35,000 | ($7,600) |
IONIQ 5 SE RWD | 168 kW (225 hp) Electric | $46,650 | $37,500 | ($9,150) |
IONIQ 5 SEL RWD | 168 kW (225 hp) Electric | $49,600 | $39,800 | ($9,800) |
IONIQ 5 Limited RWD | 168 kW (225 hp) Electric | $54,300 | $45,075 | ($9,225) |
IONIQ 5 SE AWD | 74 kW + 165 kW (320 | $50,150 | $41,000 | ($9,150) |
IONIQ 5 SEL AWD | 74 kW + 165 kW (320 | $53,100 | $43,300 | ($9,800) |
IONIQ 5 XRT AWD | 74 kW + 165 kW (320 | $55,500 | $46,275 | ($9,225) |
IONIQ 5 XRT AWD with | 74 kW + 165 kW (320 | $55,950 | $46,725 | ($9,225) |
IONIQ 5 Limited AWD | 74 kW + 165 kW (320 | $58,200 | $48,975 | ($9,225) |
Freight Charges for the 2026 model year IONIQ 5 are $1,600. Prices in the chart above do not include freight charges.
Hyundai's IONIQ 5 has earned top accolades including:
Hyundai IONIQ 5 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
Remaining 2025 model year IONIQ 5 vehicles will continue to qualify for $7,500 purchase and lease incentives.
Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 850 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a published economic impact report. For more information, visit www.hyundainews.com.
i MSRP excludes freight charges, tax, title, and license fees. Freight charges and actual dealer prices may vary. | ||||
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SOURCE Hyundai Motor America