Hyundai, Chevy, Kia offering $10,000 off EVs
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- Hyundai is offering up to $10,000 off 2026 IONIQ 5 and IONIQ 9 models this month, with the three-row IONIQ 9 delivering $10,000 in total savings across all trims and the IONIQ 5 listed at $8,500.
- Chevy is offering $10,000 off the Equinox EV, including $8,750 in customer cash plus $1,250 in conquest cash on the RS trim, with the LT1 FWD starting at $30,295.
- Kia is matching with a $10,000 customer cash discount across its entire EV lineup, including the 2026 EV6 and three-row EV9.
- Hyundai is also offering 0% APR financing for up to 72 months, plus an extra $3,000 off the 2026 IONIQ 5, with the IONIQ 5 SE Standard Range available to lease for as low as $259/month.
- Toyota is offering up to $6,500 off and 0% APR financing for the 2026 bZ, which became the third-best-selling EV in the US in Q1 2026 after the updated model launched last year.
- Automakers stepped in after the $7,500 federal EV tax credit expired at the end of September, with many matching or exceeding the lost incentive; the article notes EV searches on cars.com surged 25% from end of February to end of March.
- All deals from Hyundai, Chevy, Kia, and Toyota expire April 30, 2026, and offers may vary by region.
Why it matters: EV buyers have until April 30, 2026 to capture up to $10,000 off plus 0% APR financing, making models like the IONIQ 5 and Equinox EV cheaper to own than comparable gas vehicles per the article's analysis. Automakers are absorbing the expired $7,500 tax credit to keep inventory moving as gas prices climb 33% month-over-month, shifting leverage sharply toward buyers.
