Hyundai is giving drivers a way to escape the pump with big discounts on electric vehicles, including the IONIQ 5.
Hyundai lures drivers to go electric with big discounts
After the $7,500 US tax credit expired last September, Hyundai reduced IONIQ 5 prices by up to nearly $10,000 on some trims in response.
With gas and oil prices rising, Hyundai is again offering some relief. Hyundai is offering up to $10,000 off electric vehicles this month, and 0% APR financing for up to 72 months, plus an additional $3,000 off.
The three-row IONIQ 9 gets the biggest discounts, with up to $10,000 in total savings or 0% APR plus $ 3,000 off.
Despite a starting MSRP of nearly $60,000, the IONIQ 9 is listed for lease starting at just $369 per month. That’s cheaper to lease than the Santa Fe Hybrid, which costs $36,400.
If you’re looking for something a little smaller, the IONIQ 5 is hard to pass up. Leases start at just $259 a month, which is about as cheap as you’ll find for any new EV in the US.
That’s for the Standard Range SE model, with an EPA-estimated driving range of 245 miles. For just $10 more, or $269 a month, you can lease the 2026 Hyundai IONIQ 5 SE RWD with an EPA-estimated range of up to 318 miles.
Starting at $35,000, the IONIQ 5 is already among the most affordable EVs, but Hyundai is offering an extra $7,000 across the lineup. The IONIQ 5 is available with 0% APR financing for up to 72 months, plus an extra $1,000 off.
It’s no wonder the IONIQ 5 consistently ranks among the most popular electric vehicles in the US. In fact, Kelley Blue Book declared it as the “best-of-the-best EV” in its 2026 Best Buy Awards earlier this year.
While the standard IONIQ 6 is being discontinued (only the performance N model will remain on sale), Hyundai is offering up to $7,500 off with leases starting as low as $239 per month.
And it’s not just in the US. Hyundai is running promotions in most markets, including Europe and South Korea.
| 2026 Hyundai IONIQ 5 Trim | Driving Range (miles) | Starting Price* | 2026 Monthly Lease Price in June |
| IONIQ 5 SE RWD Standard Range | 245 miles | $35,000 | $259 |
| IONIQ 5 SE RWD | 318 miles | $37,500 | $269 |
| IONIQ 5 SEL RWD | 318 miles | $39,800 | $309 |
| IONIQ 5 Limited RWD | 318 miles | $45,075 | $399 |
| IONIQ 5 SE Dual Motor AWD | 290 miles | $41,000 | $339 |
| IONIQ 5 SEL Dual Motor AWD | 290 miles | $43,300 | $379 |
| IONIQ 5 XRT Dual Motor AWD | 259 miles | $46,275 | $419 |
| IONIQ 5 Limited Dual Motor AWD | 269 miles | $48,975 | $469 |
Hyundai’s financial arm, Hyundai Capital, launched a new promotion offering up to 7% discount on the IONIQ 5 and IONIQ 6, and 5% discount on the Kia EV6 and EV9.
“We prepared these benefits to enable customers to utilize electric vehicles more economically amidst continuing soaring fuel prices,” a company spokesperson said on Friday.
The new promotion comes after Hyundai launched the refreshed 2027 IONIQ 5 in Korea earlier this month at a lower price amid new competition, including the Tesla Model Y Juniper.
With new electric vehicles arriving in the US, like the Rivian R2, will Hyundai do the same with the 2027 IONIQ 5? We will find out soon.
If you’re ready to check one out yourself, you can use the links below to see what’s available near you and compare current offers.
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