Hyundai gives the Ioniq 5 a huge price cut for model-year 2026

Hyundai has announced a significant price reduction for its Ioniq 5 electric vehicle, starting with the 2026 model year. This move comes as the federal clean vehicle tax credit is set to expire, which has provided consumers with up to $7,500 in incentives for purchasing electric vehicles. The Ioniq 5's base price is expected to drop by around $8,000, making it more accessible to a wider range of buyers. This price adjustment reflects Hyundai's strategy to maintain the vehicle's competitiveness in the rapidly evolving electric car market. The Ioniq 5 has been praised for its distinctive design, long driving range, and advanced technology features. The price cut is aimed at ensuring the model remains an attractive option for consumers, even as the federal tax credit comes to an end. This move by Hyundai underscores the company's commitment to making electric vehicles more affordable and accessible to the mainstream market as the industry continues to evolve.