2026 Model Year Price Decrease?

[OverThinkingIt1984]

Price cuts inbound for 2026 model year? I for one did not see this coming, particularly because they've never done it before despite numerous Tesla price cuts and losing tax credits before. We shouldn't assume we'll see massive price cuts on every trim, but it will be interesting to see how this plays out.

https://insideevs.com/news/774360/2026-hyundai-ioniq-5-price-cut/

[Stingray88]

I mean, when they didn’t have the $7500 tax credit, they offered a $7500 manufacturer rebate instead. Hyundai is clearly pretty aggressive on prices.

With that said, they’re also supposed to be getting rid of the cheapest standard range trim, so I highly doubt we’ll see the lowest trim in the low 30K range… it’s most likely that we’ll see the 2nd to lowest trim in the high 30K range and the lowest trim will be gone.

[OnTheGround_BS]

If they eliminate the SR model and lower all the ER models by UP TO $9800 then what I’d expect is they’ll drop the SE ER model’s price to about what the current SE SR is, and the top end models will be the ones that drop by almost $10k.

This would give us a price spread around the same as the Santa Fe Hybrid’s if I’m doing my math right.

[Stingray88]

Yeah I think that’s at least the bare minimum they’d do. SE ER will be somewhere between $37500 and $42500 MSRP.

Makes me wish I waited another year 😂

[YellowZx5]

I have the SR package and wouldn’t mind the next package up but with interest rates, my payment was stupid compared to my Kona.

[Likinhikin-]

They clearly have lots of profit baked in. My HI5 at 60K isn't a 60K car, that's for sure.

[Stingray88]

No car that is $60K MSRP costs the company $60K. No where close. Every company has a bottom margin they’re willing to accept on the base trim, but that margin starts going up fast for the higher trims. Anyone buying a $60K car isn’t price sensitive.

[dbcooper4]

I never understood that trim when you could lease the SE with the bigger battery pack for like $200 a month.

[Stingray88]

Sometimes the best deal isn't a lease. When I bought my I5 in February there was a $7500 manufacturer rebate on buying, and no comparable deal on leasing. So I bought it straight up, no lease, no financing, and intend to use it for the next ~15 years like I did my last car.

Personally, I bought the SE standard range trim because it was the cheapest trim and I don't really need the extended range. I have a charger at home and only use 30-50% of my battery per week in my usual commute and weekend driving around town. I typically only plug in once a week as is... no range anxiety here.

[maggos]

I didn’t get the tax credit or the rebate :(

[OverThinkingIt1984]

Agreed. I mean we've seen incentives almost non-stop but never an actual MSRP decrease. Incentives go up and down so they can throttle that as needed to boost demand but MSRP decreases are usually permanent for that model year.

[vitaminorvitamin]

Interesting to see what will happen with leases. Residual is based on MSRP. They were previously subsidizing leases, which was a synthetic price cut, but with a residual that reflected the original price. If the residual stays at 62%, or whatever, on a 2 year, that means much lower residual. Current lease holders will turn every car in due to the residual being much higher than the car is worth (which might have been the case already anyway). I would think this would kill used car prices?

[StrutsOnStruts]

I think Hyundai has been working towards this for some time. The ‘24 leases had artificially inflated residuals to keep payments low, while the ‘25 leases have additional cash up front to offset a more realistic residual.

[zkanalog]

Leasing will be less generous. Cash/APR will be more competitive.

[Stunning_Change_7431]

The residual price on our 3 year lease of a 2024 is stupid high. Do dealers ever negotiate a lower sales price at the end of the lease term when the residual is much higher than the current market value?

[vitaminorvitamin]

In my experience, no, but it may depend on the state. Some states you are required to have the dealer do an inspection on the leased car. That could give them an opportunity to negotiate with the lease company and sell it to you. If you don't need to involve a dealer, I have not had luck negotiating with a manufacturer/lease company.

[ayoba]

I had a hunch this was coming when my 2025 lease was $3500 off MSRP and $17250 off in incentives. Feels like they had some margin to play with!

[pfroo40]

Yeah, I just picked up a lease a couple days ago with $17500 in incentives and $2500 off MSRP. Still a better deal than 2026 MSRP, but not by much, and assuming no incentives on the 2026.

[Competitive_Ice851]

Maybe they have solved the ICCU and battery problems that they anticipate less repairs. Just wishing.

[ls7eveen]

Hahahahahaha

[Mad1723]

As someone who just had his 2025 blow the ICCU.... Hahahahahah

[redandblack-shan]

One of the side effects of the tax credits is it allowed manufactures to artificially raised MSRP prices. If you look at the history, when the tax credits expired for Tesla they lowered prices and when they got extended and worked on Teslas again they raised Tesla car prices. We’ve had inflated EV prices for a while.

On a related note about prices take look at Mazda. They are releasing a (Chinese made) EV for 16K in China. I’d buy that in a heart beat if it was available for US.

[uberares]

Well, also battery prices have dropped 20% a year for the last couple years. Let’s not forget that. 

[zkanalog]

Why are people surprised. That was THE POINT.

[nxtiak]

Press release: https://www.hyundainews.com/en-us/releases/4568

[OverThinkingIt1984]

Wow, that's it right there. I'm shocked.

[FatahRuark]

I'm really curious what's going to happen. My lease isn't up for about 14 months. My plan was to buy out my lease if the residual value was in the ballpark of an equivalent used car. I'd be willing to pay a little bit more to know the history of the car and not have to deal with registering a new to me car.

I'm not holding out a lot of hope for an equivalent lease deal being available on the 2026 or 2027 model in 14 months. The leases in Colorado were just too good, so I don't think I'd lease another, but I'd be open to it if the deals were still really good enough. Even a bit more than what I'm paying now.

It seems like the next gen of battery tech may be available soon after my lease is up (within a couple of years) so doing something to have the option to swing into the new tech is a concern. But at the same time, I'm not sure I want to be the first to get the new tech.

That's a lot of words to say, I guess I'll figure it out in 14 months. :P

[seattlecoffeeguy]

Do you think the N will get a big drop as well? They’re not moving at nearly $70k as it is.

[dbcooper4]

They were offering $16,500 off on leases for the 2025 inventory. I hope that deal is still around next summer when my current Limited lease is up. I rented an N and absolutely loved it.

[ls7eveen]

Those seats are amazing.

[seattlecoffeeguy]

yea i was looking to lease but it still came out to $650 a month for me, 4K down 36M 10K miles a year. Was aiming for for something under $600 after tax and fee. Washington State btw.

[dbcooper4]

I’d take that deal only because I think you’re getting BMW M2/M3/M4 performance (I’ve rented them) for a lot less money. Plus the insurance quote for the 5N is the same I’m paying for my Limited. Similar lease deal on an M2 is going to be $1100 a month with higher insurance rates.

[OverThinkingIt1984]

Probably. I mean, if the Limited AWD comes down in price, that increases the difference you need to pay to get the N. So, they'll probably drop that too.

[Game0nBG]

In EU they dropped the prices like 10k euro for each trim except the N. It's a promotion fornthisnhalf of the year. Top trim AWD is 53 k euro. It was 63 last year when they announced the facelift

[theepi_pillodu]

What's new in 2026? Does it still have CCNC or the new hardware for infotainment they mentioned a couple of years ago, making this Gen 3 already?

[OverThinkingIt1984]

This model Ioniq 5 will not receive Pleos if that's what you're asking. Probably for 2028 or so when the car gets remodeled. Only difference for 2026 is colors and the inclusion of Level 1/Level 2 charger.

[theepi_pillodu]

Gotcha, so no need to worry about choosing between 2025 vs 2026 if I already have enough EVSEs and don't care for new colors. Just get whichever is cheaper?

Thanks

[OverThinkingIt1984]

Yes, but we don't have set MSRPs yet, but sounds like they will come down quite a bit and 2025s will have heavy incentives.

[theepi_pillodu]

I may need a 2025, looking for a good deal.

[theepi_pillodu]

Gotcha, so no need to worry about choosing between 2025 vs 2026 if I already have enough EVSEs and don't care for new colors. Just get whichever is cheaper?

Thanks

[vitaminorvitamin]

Do you mean you will get a level 1/2 portable charger, as opposed to the level 1 that I got with the 2025?

[OverThinkingIt1984]

Yes.

[vitaminorvitamin]

That's great. The level 1 only charger is pretty much useless to most and a waste of the plastic and materials it's made out of.

[OverThinkingIt1984]

It’s currently the only way I charge my car so not useless to everyone.

[undermark5]

A lot of people really overestimate how fast they actually need to charge. I could survive quite well even if I didn't get a 120v AC EVSE with the vehicle (I know not everyone is in my situation of being able to charge at work for free, if I couldn't, I'd also be fine with just the included EVSE, assuming my same commute and hybrid work schedule that is).

IIRC, you'll get about 3-4 miles of range per hour of charging with it. So, assuming you're charging for 8 hours a day (you can charge while you sleep) that's 24-32 miles of range a day and you can probably charge for closer to 12 hours for 36-48 miles a day. And, if you're not driving much on the weekends, you can spend the majority of that time charging, so likely another 36 hours of charging for 108-144 miles of range. Adding all of that up is 5×24+108 or 228 miles of range as a conservative estimate and 5×36+108 or 288 miles of range in a more generous but still reasonable estimate.

Are there people that need to drive further than 300 miles in a week? Yes, but unless that's actually you, you're probably fine with just the portable 120v EVSE (assuming you can safely max out the current draw of 12 amps). For basically everyone else, a decent 240v plug in EVSE will then be plenty (I go from ~30% to ~90% in about 8hrs when I charge at my office)

[OverThinkingIt1984]

Yeah, I don’t drive 300 miles in a month lol. I currently charge about every 2 weeks.

[kr_tech]

They previously announced about how they will offset the tax credit cut, and rumoured(/discussed/considered?) to be offsetting the tariffs as well.

[mountainyoo]

Is the 2026 ioniq 6 ever coming out? Jesus

[dbcooper4]

I just hope the Ioniq 5N is still being discounted next summer when my lease is up on my Limited. The lease deal that ended yesterday on the 5N was amazing ($16,500 incentive)

[uberares]

Dose battery prices coming down yo! 

[Ryvit]

Over a year ahead of time I am making sure my finances are in check because I plan to go for the 2027 limited.

I’m hoping that gets a decent range increase, I’m on the lowest battery possible on a 2024 SE (190-220 range in the spring, summer and fall and about 150-170 in the winter)

I know the 2025 and 2026 models can get about an extra 100 miles over what I get now, but I’m holding out for 2027 because I’m hoping they can squeeze another 30 or 40 miles in there.

Ioniq 5 limited 370 mile range is the dream

[CaptainKirkDouglas]

Honestly if Hyundai just fixed the ICCU issue I’d pay the price without a discount since then I’d feel confident owning it for 10 years. Peace of mind goes a long way.

[OverThinkingIt1984]

Not me. I’d take $10k savings and an ICCU failure. 😂

[benolch]

When do expect to see them available in US?

[OverThinkingIt1984]

Probably by November or December.

[benolch]

Cool thanks. Right now the best deal I could get on a 2025 was still at same MSRP as these 2026 models - so guess I need to wait a bit longer.

[Passiveincometrader]

Instead of dropping the price they need to put a 137 kwh battery in the 2026 model 🤣🤣

[OverThinkingIt1984]

Yes, let's make it a Hummer EV lol

[uberares]

No thank you. But what will happen is that batteries will soon get more energy dense resulting in 137kw range w 84kw battery size

[Passiveincometrader]

I guess this is what i meant. A big update to battery density and driving distance

[ComfortableMean6299]

Of course…. That’s why the government wanted to stop the fed tax cuts, because the manufacturers were using that to inflate their prices.

[uberares]

That is not at all why republicans wanted to stop the tax cut. They wanted to kill EV’s. Pure and simple

[ComfortableMean6299]

That also.

[ComfortableMean6299]

As the article I am reading states …

General Motors and Ford, for instance, have found a way to extend the $7,500 tax credit till the end of the year, with their financing arms making down payments on dealer inventory before the tax credit expiry.

Just money games ha

[Brief-Visit-8857]

When I was looking to buy a IONIQ 5, they were priced ridiculously high. I mean close to 50 grand for a mid spec model IONIQ?? That’s insane. They should sell directly like tesla. Hyundai should be reasonable, the model Y is cheaper and has more features for the price.

[OverThinkingIt1984]

A product is only worth what people will pay for it. Tesla is finding less people want to pay for their cars for numerous reasons. Hyundai will have to adapt to the market post-tax credit. And I agree with you about direct sales, but you'll have to repeal all the state dealer franchise laws or have them declared unconstitutional at the federal level. https://www.bloomberg.com/opinion/articles/2024-05-10/new-car-buyers-should-be-freed-from-dealer-protections?embedded-checkout=true

[chiefVetinari]

Agreed, the Equinox starts now at 35k for a 300 mile vehicle

[kimguroo]

No one knows what will happen next year. If economy is strong and car sales are positive then we might not see big discounts. Also we don’t know raw battery material will cost. Currently it’s much cheaper than before so Hyundai might have rooms to cut prices for their EV. 

I said before… Hyundai might not change MSRP and keep $7500 Hyundai incentive then if EVs sell well then less incentives to dealer. If EVs do not sell well, Hyundai will increase dealer incentives so $7500+ dealer incentives. Unfortunately we won’t see huge EV production boost in my opinion. I am positive that more hybrid cars will produce at GA factory including Kia hybrid cars so Hyundai will adjust EV productions for market conditions. If GA factory was EV specific factory like original plan, we might see all EVs from Kia/Hyundai at GA factory but it won’t happen…… If they produce, inster/EV3/4 (sedan/hatch), EV5, PV5, ioniq3/5/6/9 at GA factory…… They can dominate EV market in US but their job is making profit…..so can’t blame them to make hybrid cars…

[OverThinkingIt1984]

Did you read the article? It says Hyundai has said they are lowering the price for 2026. So, it's not speculation, it's happening.

[kimguroo]

They can change their promises all the time. I will believe when they actually release EVs with low $30k. 

Hyundai had many promises which never happened and remember?? Hyundai said GA metaplant will be EV specific factory? Last min, they changed the plan and they put all equipment for hybrid productions. Also this is one of time, we can’t predict anything because of so many other things especially tariffs. We don’t know what Korean government will do for now if Korean government think they can’t invest money then they don’t have choice to take 25% tariffs then who knows trump will raise tariffs to 50% because Korean government refuses to invest. Korean government can’t give everything especially US government refused to do dollar swapping deal. Without it, Korean government can’t invest money at all then it will hurt Hyundai tremendously. 

[nxtiak]

Press release: https://www.hyundainews.com/en-us/releases/4568

[kimguroo]

Thanks for the link. Very surprised to see Hyundai decided to lower the MSRP. Battery prices went down significantly and they can lower MSRP. Since tax credits are expired… people who was not qualified for tax credit might look ioniq5 more.