Hyundai slashed prices for the 2026 Ioniq 5 by up to $9,800 on Wednesday. The cuts make the Ioniq 5 perhaps America's best EV deal. The Ioniq 5 now undercuts the Tesla Model Y by a long shot, while offering better value and specs than other competitors. If you're anything like me, you're kicking yourself for missing out on the $7,500 federal clean-car tax credit, which expired prematurely on Tuesday.
I recently decided, after a variety of things, that I was going to trade in my internal combustion engine (ICE) vehicle for a new Tesla Model Y. It was a long time coming. After working at Teslarati for six years and covering the EV space nearly every single day (I recently published my 5,000th article on here), I figured it was time to make a switch.