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Hyundai is discounting EVs because who wants to pay for gas these days
Hyundai announces substantial discounts on its electric vehicle range, particularly the IONIQ 5, in response to soaring fuel prices. Customers can take advantage of offers including up to $10,000 off specific models, along with promotional financing options. This strategy aims to make EV options more accessible just as gas prices rise, allowing consumers to shift to greener alternatives without incurring high costs.
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Published 22 Jun 2026, 20:25 UTC2 min read
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Summary
TL;DR
- Hyundai offers discounts up to $10,000 on the IONIQ 5.
- 0% APR financing options available for 72 months.
- Leases starting as low as $239 per month.
- The IONIQ 9 has the largest discount opportunity.
- Hyundai's strategy enhances affordability amid rising fuel costs.
Interesting facts
- Despite the loss of the $7,500 tax credit, Hyundai's price cuts may offset this loss for consumers.
- The IONIQ 5's starting MSRP of $35,000 positions it competitively within the EV market.
- Hyundai is adapting its strategy to maintain competitiveness as new EV models enter the U.S. market.