Hyundai has reported a rebound for the Hyundai IONIQ 5 in the United States, following pricing adjustments implemented after the removal of the $7,500 federal tax credit in September. The electric SUV ranked as the third most popular EV in the US market through the third quarter, trailing behind the Tesla Model Y and Model 3.
US Sales Performance and Market Context
The broader US electric vehicle market slowed after the expiration of the federal tax credit, which had previously driven high sales volumes in 2025 as buyers rushed to claim incentives. In response, Hyundai cut prices on the 2026 model year by up to nearly $10,000 on select trims. Following these changes, Hyundai IONIQ 5 sales rose 21% in October to 1,981 units. Total sales for the model reached 33,093 units through the first ten months of 2026, marking a 23% decrease compared to the same period in 2025.
Pricing and Range Specifications
The updated lineup includes explicit pricing and range figures for specific configurations:
- SE Standard Range: Starts at an MSRP of $35,250, offering up to 245 miles of range.
- SE RWD (Extended-Range): Requires an additional $2,500 over the base price, increasing the single-charge range up to 318 miles.
Broader Electrification Figures
Alongside the performance of the Hyundai IONIQ 5, Hyundai noted that hybrid models set a new October sales record, rising 20% year-over-year and accounting for 29% of the brand’s total monthly sales. Meanwhile, the larger IONIQ 9 recorded 169 sales in October, bringing its year-to-date total to nearly 6,700 units.
Practical Takeaway: For buyers evaluating current US EV options, the Hyundai IONIQ 5 offers a revised starting price of $35,250 with a 245-mile range, or an extended-range configuration delivering up to 318 miles for an additional $2,500.
Source: Original report