Hyundai IONIQ 5 Outshines EV Rivals Post-Tax Credit — SkimNews
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- Hyundai sold 31,112 IONIQ 5s through September 2026, down 24% from the same period in 2025, ranking it among America's top-selling EVs despite the post-tax-credit slump.
- Hyundai responded to the expired $7,500 federal tax credit by cutting the 2026 IONIQ 5's price by up to $9,800 on some trims.
- Hyundai sold 2,928 IONIQ 5s in Q3 2026, a 65% drop from the more than 8,400 moved in Q3 2025 when buyers rushed to claim the credit.
- The Chevy Equinox EV saw Q3 sales plunge 92% year-over-year to just 1,902 units, with 18,154 sold through September — nearly 13,000 fewer than the IONIQ 5 over the same period.
- Toyota sold nearly 25,000 bZ SUVs through September 2026, still trailing the IONIQ 5 despite the updated model going on sale in late 2025.
- The 2027 IONIQ 5 SE Standard Range starts at $35,250 with up to 245 miles of range, while the extended-range SE RWD adds $2,500 for up to 318 miles of range.
- The 2027 Toyota bZ XLE FWD starts at $34,980 with up to 236 miles of range, and the XLE FWD Plus at $37,980 offers up to 314 miles — both also include a NACS port.
Why it matters: The $7,500 federal tax credit's expiration devastated most EV sales, but Hyundai's aggressive $9,800 price cut kept the IONIQ 5 competitive — it's outsold the Chevy Equinox EV by roughly 13,000 units through September 2026 and held a lead over Toyota's newly launched bZ, showing that post-credit pricing strategy can separate winners from the 92% sales collapse hitting rivals.
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