Hyundai electric SUVs are even more tempting this month with a 10% discount, or up to $7,000 in total savings.
Hyundai offers discounts on IONIQ 5 and IONIQ 9 electric vehicles
Hyundai is having a good year. Coming off its best-ever third quarter, the Korean automaker is now on track to achieve its sixth consecutive year of record U.S. retail sales in 2026.
While growth in the U.S. electric vehicle market has slowed since the Trump Administration ended the $7,500 federal tax credit a year ago, Hyundai’s IONIQ 5 has remained among the best-selling electric vehicles not called Tesla.
Hyundai responded shortly after by cutting prices of the popular electric SUV by almost $10,000 on some versions.
The lower prices “reflect Hyundai’s commitment to affordability and its long-term strategy,” the company said.
With a starting price of approximately $35,000, the Hyundai IONIQ 5 is among the most affordable electric vehicles in the United States.
The three-row IONIQ 5 and IONIQ 9 are manufactured at Hyundai Motor Group’s Metaplant America, outside Savannah, Georgia.
When we toured the facility in April, Hyundai said electrek that its electric vehicles, including the IONIQ 5 and IONIQ 9, were attracting buyers from other brands at a higher rate than any of its hybrid or gasoline models.
The IONIQ 5 took first place with a 69.8% take rate last year, followed by the IONIQ 9, which had a 64.3% take rate.
With the arrival of the new 2027 models, Hyundai is discounting its current line of electric vehicles with a total savings of 10%.
The 2026 IONIQ 5 is available this month for a discount of $3,500, or 10% off its starting MSRP of $35,000. The IONIQ 5 SE Standard Range is available for lease for $339 per month, offering an EPA-estimated range of up to 245 miles.
Offer is a 24-month lease with $4,999 due at signing. It might be worth upgrading to the longer-range SE RWD version for $30 more per month, or $369 per month, with up to 318 miles of range.
The longer-range IONIQ 5 SE RWD deal is also a 24-month lease, but with a payment of $3,999 due at signing. Meanwhile, the 2027 Hyundai IONIQ 5 is available with up to $2,750 in total savings with leases starting at $369 per month.
If you’re looking for something bigger, Hyundai is offering up to $7,000 off the three-row IONIQ 9. Starting at $58,995, that’s more than 10% off.
Leases for the base 2026 IONIQ 9 S RWD start at $419 per month with an EPA-estimated range of up to 335 miles. That offer is for a 36-month lease with $4,999 due at signing.
On the other hand, Hyundai offers financing with a 0.9% APR for the IONIQ 5 2026 for up to 60 months. The IONIQ 9 2026 is available with a 1.9% APR for up to 60 months.
While a $7,000 discount is tempting, Hyundai’s sister company Kia is offering up to $10,000 off its three-row electric SUV this month.
What electric SUV would you drive? The Hyundai IONIQ 5, IONIQ 9 or Kia EV9? Kia’s smaller EV3 is now also on sale, starting at around $30,000.
Wondering what’s available near you? You can use the links below to find the Hyundai IONIQ 5 and IONIQ 9 models available near you, along with current offers.
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