Hyundai is offering a 10% discount on the IONIQ 5 and IONIQ 9 EVs — SkimNews
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- Hyundai is offering 10% off its IONIQ 5 and IONIQ 9 EVs this month, with savings of up to $7,000 on the three-row IONIQ 9 (starting at $58,995) and $3,500 on the 2026 IONIQ 5 (starting at about $35,000).
- The 2026 IONIQ 5 SE Standard Range is listed at $339/month on a 24-month lease with $4,999 down and up to 245 miles of EPA range; the SE RWD trim runs $369/month for up to 318 miles of range, and the 2027 IONIQ 5 is available with up to $2,750 in savings starting at $369/month.
- Hyundai cut prices on the IONIQ 5 by nearly $10,000 on some trims shortly after the Trump Administration ended the $7,500 federal EV tax credit about a year ago, saying the lower prices "reflect Hyundai's commitment to affordability and its long-term strategy."
- The IONIQ 5 posted a 69.8% conquest rate last year, followed by the IONIQ 9 at 64.3% — the two highest rates of any Hyundai models, indicating EV buyers are switching from rival brands at higher rates than Hyundai's gas or hybrid customers.
- Hyundai is pairing the discounts with 0.9% APR financing on the 2026 IONIQ 5 for up to 60 months and 1.9% APR on the 2026 IONIQ 9, while sister company Kia is offering up to $10,000 off its three-row EV9.
- Hyundai is on track for a sixth straight year of record US retail sales in 2026 after its best-ever third quarter, with both EVs built at the Hyundai Motor Group Metaplant America outside Savannah, Georgia.
Why it matters: Hyundai's 10% discount plus 0.9% APR financing effectively backfills the $7,500 federal EV tax credit that the Trump Administration ended a year ago, keeping the IONIQ 5 around $35,000 — among the most affordable EVs in the US. The IONIQ 5's 69.8% conquest rate shows the price cuts are pulling buyers from competing brands, not just retaining existing Hyundai customers.
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