Hyundai Extends EV Deals for 2026 IONIQ 5 with Price Cuts up to $9,800 and Lease Offers Starting at $289/month

Hyundai has reduced prices on the 2026 IONIQ 5 by up to $9,800, making it one of the most affordable EVs. Starting at under $35,000, it's now on par with the Chevy Equinox EV. The 2026 Hyundai IONIQ 5 SE Standard Range can be leased for as low as $289 per month, while the SE trim offers an EPA-estimated driving range of up to 318 miles. Hyundai is offering $4,500 in lease cash on the longer-range SE trim.

Hyundai has significantly reduced prices on the 2026 Ioniq 5, positioning it as one of the most affordable electric vehicles (EVs) on the market. The price cuts, which range up to $9,800 across all trims, have brought the starting price of the 2026 Ioniq 5 SE Standard Range down to under $35,000. This puts the Ioniq 5 in direct competition with the Chevrolet Equinox EV, which starts at a similar price point.

For those considering a lease, the 2026 Ioniq 5 SE Standard Range can be leased for as low as $289 per month, while the SE trim offers an EPA-estimated driving range of up to 318 miles. Additionally, Hyundai is offering $4,500 in lease cash on the longer-range SE trim, further sweetening the deal.

These price reductions come on the heels of a 36 percent year-to-date increase in Ioniq 5 sales, demonstrating the model's growing popularity in the U.S. market. As of September 2025, Hyundai has sold 41,091 units of the Ioniq 5, a significant increase from the same period last year.

While the 2026 Ioniq 5 benefits from minor software refinements and faster charging calibration, buyers of the 2025 model should not feel shortchanged. The outgoing Ioniq 5 still offers compelling value, especially with the current discounts and incentives available on 2025 models. For example, the SE Standard Range can be found for as low as $29,940, down from an MSRP of $44,395, making it a strong contender against the 2026 pricing.

In conclusion, the 2026 Hyundai Ioniq 5's aggressive pricing strategy makes it an attractive option for those looking to enter the EV market. Buyers should weigh the savings against the minor updates offered in the 2026 model and consider whether immediate savings outweigh incremental improvements.