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.
Interested in test-driving Hyundai’s electric SUV? You can use our link to find Hyundai IONIQ 5 models at a dealership near you.
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