Hyundai IONIQ 5 sales rise 21% in October to 1,981 units, but year to date volumes remain down 23%
By Eve
Hyundai sold 33,093 IONIQ 5s in the US through the first 10 months of 2026, down 23% from more than 42,700 in the same period last year, when the $7,500 federal tax credit was still available. October sales rose 21% to 1,981 units after Hyundai cut 2026 IONIQ 5 prices by up to nearly $10,000 on some trims, with a new starting MSRP of around $35,000. The model ranked third in the US EV market, behind the Tesla Model Y and Model 3, which account for about 50% of all sales through the third quarter.
Why it matters
The market has slowed since the federal tax credit was removed last September, but price cuts are starting to bring buyers back, which supports the case for future charging demand. For CPOs and procurers, the recovery is gradual and still below 2025 volumes, so utilisation forecasts should reflect that.
Source
- Original title
- “Hyundai’s electric SUV finds some footing, with IONIQ 5 sales topping 33,000 in 2026”
- Published
- 3 November 2026
- Updated
- 4 November 2026
In this story
- Topic
- Electric Vehicles
- Place
- Global
- Tag
- Hyundai
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