Hyundai offers $10,000 off EVs amid rising gas prices
Get the Energy newsletter
Daily energy & climate — solar, EVs, oil, the policy fights and tech bets shaping the transition. Free.
- Hyundai is offering up to $10,000 off EVs this month or 0% APR financing for 72 months plus $3,000 off — though a top commenter flagged that the cash and financing offers cannot be combined, and the $7,000 IONIQ 5 discount applies only to the top-end Limited trim
- IONIQ 9 three-row SUV carries the steepest discounts (up to $10,000 total), with leases starting at $369/month despite a roughly $60,000 MSRP — making it cheaper to lease than the $36,400 Santa Fe Hybrid
- IONIQ 5 leases start at $259/month for the 245-mile Standard Range SE or $269/month for the 318-mile SE RWD; Kelley Blue Book named it the "best-of-the-best EV" in its 2026 Best Buy Awards
- IONIQ 6 standard model is being discontinued with only the N performance variant remaining, while current leases start at $239/month with up to $7,500 off
- Hyundai Capital launched parallel promotions in South Korea and other markets — up to 7% off the IONIQ 5 and IONIQ 6, and 5% off the Kia EV6 and EV9
- After the $7,500 federal EV tax credit expired in September, Hyundai had already cut IONIQ 5 prices by up to nearly $10,000 on some trims, a company spokesperson citing "continuing soaring fuel prices" as the rationale for the new round
Why it matters: Hyundai's lease entry points — $239 (IONIQ 6), $259 (IONIQ 5), $369 (IONIQ 9) — now undercut lease costs on comparable gas-powered Hyundais like the $36,400 Santa Fe Hybrid, meaning the post-tax-credit era is forcing manufacturers rather than Washington to absorb the affordability gap.
