Hyundai is reducing 2026 IONIQ 5 prices by nearly $10,000, while extending the tax credit for the current model year. The 2026 Hyundai IONIQ 5 gets a nearly $10,000 price cutThe 2026 IONIQ 5 is slated for a significant price cut as Hyundai commits to offering more affordable vehicles in the US. Hyundai builds the IONIQ 5 alongside its larger IONIQ 9 electric SUV at the Hyundai Motor Group Metaplant America (HMGMA) in Georgia. 2026 Hyundai IONIQ 5 (Source: Hyundai)The IONIQ 5 is coming off its best third-quarter sales to date after surging 90% year-over-year (YOY), with nearly 22,000 units sold. 2026 Hyundai IONIQ 5 Limited interior (Source: Hyundai)The 2026 IONIQ 5 is not yet listed on Hyundai’s website, so prices have not been announced.