These 5 EVs are $10,000 off right now
Why it matters: Massive EV discounts and rising gas prices are accelerating the shift to electric vehicles.
- Hyundai is offering up to $10,000 off 2026 IONIQ 5 and IONIQ 9 models, with additional incentives like 0% APR financing for up to 72 months and extra cash discounts.
- Kia, Hyundai's sister company, is providing a $10,000 customer cash discount across its entire EV lineup, including the 2026 EV6 and EV9.
- GM is offering $10,000 off its best-selling Chevy Equinox EV, combining customer cash and conquest cash incentives.
- Edmunds data indicates a 20% surge in shopper consideration for electrified vehicles in early March, primarily driven by increased interest in battery electric vehicles.
- Automakers are stepping in with their own incentives, often exceeding the expired $7,500 federal tax credit, to attract buyers as new models arrive and gas prices climb 33% over the past month.
Amid surging gas prices nearing $4.00 per gallon, major automakers like Hyundai, Kia, and GM are offering unprecedented discounts of $10,000 or more on popular EVs, including the Hyundai IONIQ 5, Chevy Equinox EV, and Kia EV6/EV9. This aggressive pricing, coupled with 0% APR financing, aims to reignite EV sales after the expiration of federal tax credits and capitalize on a 20% surge in electrified vehicle consideration, according to Edmunds data.
