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The Hyundai IONIQ 5 is one of the best Tesla Model Y alternatives on the market, and for 2026 Hyundai made it cheaper, gave it more range, and didn't take anything away. The original launched as a 2022 model year with 800V charging, 303 miles of range, and a starting price just above $40,000. The 2025 refresh added a larger 84 kWh battery, a NACS port, roof rails, a rear wiper, and two new trims.
The overall footprint grew by about an inch, putting it at 185.6 inches — precisely the same length as the Ford Mustang Mach-E. For 2026, Hyundai dropped the price by over $7,000 and kept everything else intact.
The lineup runs five trims from $36,600 to $47,875 including destination. Hyundai is currently offering $8,750 off all trims, which makes the value proposition genuinely hard to ignore:
SE Standard Range — $36,600 ($27,850 afte...