The Hyundai IONIQ 5 is still in the EV sales mix, with 31,000+ sold in 2026

The Hyundai Ioniq 5 remains one of the best-selling electric vehicles in the US, with more than 31,000 sold through the first nine months of 2026. That's down 24% from last year, but the drop is smaller than what many other automakers are seeing now that the $7,500 federal EV tax credit has expired. Hyundai cut prices on the 2026 Ioniq 5 by up to $9,800 on some trims after the credit went away, which likely helped keep sales steadier than competitors like Chevy, whose Equinox EV sales plunged 92% in the same quarter.

If you're shopping for an electric SUV, the 2027 Ioniq 5 lineup starts at $35,250 for the base SE Standard Range trim, which gets up to 245 miles of range (plus a $1,600 destination fee). Paying $2,500 more gets the extended-range SE RWD version, with up to 318 miles. Higher trims with all-wheel drive and more features run up to $49,125. The Ioniq 5 charges quickly and uses the NACS plug standard, meaning it can plug into Tesla-style charging stations.

Toyota's redesigned bZ SUV is now competing in the same space, starting around $34,980 with similar range and the same NACS charging port. Both vehicles are priced close enough, and similar enough in range, that the choice mostly comes down to style and feel: the bZ drives more like a traditional SUV, while the Ioniq 5 leans toward a sportier, more tech-focused interior.