The 2025 Hyundai IONIQ 5 was one of the most affordable EVs you could lease in the US. Although the $7,500 EV credit has now expired, Hyundai is keeping the savings going with the 2026 model.
Hyundai extends EV deals for the 2026 IONIQ 5
Hyundai reduced prices on the 2026 IONIQ 5 by up to $9,800 earlier this month compared to the outgoing model. Starting at under $35,000, it’s now one of the most affordable EVs, putting it on par with the Chevy Equinox EV.
The Hyundai IONIQ 5 remains a top-selling EV in the US, and may still be your best bet if you’re looking to go electric.
You can still lease the new 2026 Hyundai IONIQ 5 SE Standard Range for as low as $289 per month. That’s only $10 more per month than before the $7,500 federal EV tax credit expired at the end of September. The offer is for a 24-month lease with $3,999 due at signing.
However, upgrading to the longer-range SE trim might be an even better option. The 2026 IONIQ 5 SE is listed at just $299 per month, even though it costs $2,500 more than the base model at $37,500.
The standard range model has an EPA-estimated driving range of 245 miles, while the SE trim offers considerably more, at up to 318 miles. For just 10$ more per month, a 30% improvement in range is a pretty sweet deal.
Hyundai is offering $4,500 in lease cash on the longer range 2026 IONIQ 5 SE, compared to just $750 for the base model.
| Hyundai IONIQ 5 Trim | Driving Range (miles) | 2025 Starting Price | 2026 Starting Price* | Price Reduction |
| IONIQ 5 SE RWD Standard Range | 245 | $42,600 | $35,000 | ($7,600) |
| IONIQ 5 SE RWD | 318 | $46,650 | $37,500 | ($9,150) |
| IONIQ 5 SEL RWD | 318 | $49,600 | $39,800 | ($9,800) |
| IONIQ 5 Limited RWD | 318 | $54,300 | $45,075 | ($9,225) |
| IONIQ 5 SE Dual Motor AWD | 290 | $50,150 | $41,000 | ($9,150) |
| IONIQ 5 SEL Dual Motor AWD | 290 | $53,100 | $43,300 | ($9,800) |
| IONIQ 5 XRT Dual Motor AWD | 259 | $55,500 | $46,275 | ($9,225) |
| IONIQ 5 Limited Dual Motor AWD | 269 | $58,200 | $48,975 | ($9,225) |
For those looking to save a little extra, Hyundai is still offering $11,000 in retail cash on 2025 IONIQ 5 models and 0% APR financing for 72 months. The 2025 IONIQ 5 can be leased from $189 per month until November 3. The offer is also for 36 months with $3,999 due at signing.
If you’re looking for other options, Chevy introduced a new 0% APR offer on the Equinox EV that takes about $4,000 off the price. Honda is also offering nearly $17,000 in lease cash on the Prologue in most states.
Looking to test out Hyundai’s electric SUV for yourself? We can help you get started. You can use our link to find Hyundai IONIQ 5 models in your area.
Author: Peter Johnson
Source: Electrek
Reviewed By: Editorial Team
