US EditionHyundai Lowers Price on 2026 IONIQ 5 EV Lineup
Hyundai reduces 2026 Ioniq 5 prices by up to $9,800 to maintain competitiveness after the federal $7,500 electric vehicle tax credit ends, with 41,091 units sold through September.
- On Tuesday, the One Big Beautiful Bill Act that President Donald Trump signed on July 4 ends the $7,500 new-vehicle and $4,000 used-vehicle tax credits, and the IRS says acquisition must be by Sept. 30, 2025.
- Automakers including Ford Motor Company and General Motors are using their finance arms to buy dealer inventory with down payments so lenders qualify for the $7,500 federal tax credit.
- Hyundai reduced IONIQ 5 pricing by up to $9,800 with an average $9,155 cut, and the 2026 IONIQ 5 now starts at $35,000 after Q3 sales surged 100%.
- EV dealers report delays and may wait for up to $100,000 in rebates, while Mike Mader said `With the EV tax credit deadline today, consumers are hurrying to buy eligible vehicles to lock in the savings`.
- Analysts project EV penetration to reach 11% by 2029 amid EV technology and charging infrastructure advances, though Ford CEO Jim Farley warned sales could fall to about 5%.
26 Articles
26 Articles
Korean carmakers, battery firms forced to reshape US strategy amid EV subsidy cutoff
Hyundai Motor Group and local battery firms are being forced to reshape their sales strategy in the United States, as they will no longer receive electric vehicle (EV) subsidies starting this month. According to updated U.S. federal EV subsidy rules, the $7,500 (10 million won) EV tax credit to automakers expired Sept. 30. This increases the cost burden, particularly for Korean carmakers Hyundai Motor and Kia, which have both rapidly increased t…
Automakers Extend $7,500 EV Discount After Federal Subsidy Expires
Automakers including General Motors Co., Hyundai Motor Co. and Ford Motor Co. said they would extend discounts on certain electric models after a $7,500 federal tax credit expired Tuesday, a bid to maintain momentum after a surge in third-quarter sales.
Aspen Daily News
Hyundai Lowers Price on 2026 IONIQ 5 EV Lineup
Hyundai reduces 2026 IONIQ 5 pricing by up to $9,800Average price reduction for all 2026 IONIQ 5 models is $9,155Enhances EV accessibility and competitivenessPricing for the exceptionally well-equipped 2026 IONIQ 5 SE begins at $35,000 MSRP$7,500 cash incentive carries over…
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