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In a fire sale, Hyundai is offering a rare 0% finance offer on the 2024 IONIQ 5 electric SUV. Hyundai’s new incentive could mean up to $7,800 in savings compared to a same-priced Tesla model.

Hyundai 2024 IONIQ 5 scores 0% finance deal

With nearly 34,000 models sold last year, Hyundai’s IONIQ 5 was the sixth best-selling electric vehicle in the US last year.

Powered by Hyundai’s E-GMP platform, the IONIQ 5 is similar in length to the Tucson. However, thanks to its flat floor design, the electric SUV has a longer wheelbase than the three-row Palisade.

Starting at $47,400, the 2024 Hyundai IONIQ 5 features up to 303 miles range. It can also charge from 10 to 80% in as little as 18 minutes with 800V DC fast charge to get you back on the road quickly.

The electric SUV has available features like vehicle-to-load (V2L) capability. With 120V charging outlets, you can power up your campsite, laptop, TV, or other larger electric equipment and appliances on the go.

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2024 Hyundai IONIQ 5 (Source: Hyundai)

Although the IONIQ 5 is already cheaper or includes more features than the Ford Mustang Mach-E, VW ID.4, Nissan Ariya, and Toyota bZ4X, Hyundai is sweetening the deal.

According to a note sent to dealers viewed by online auto research firm CarsDirect, all 2024 Hyundai IONIQ 5 trims are available for a rare 0% finance offer.

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2024 Hyundai IONIQ 5 interior (Source: Hyundai)

The Hyundai Getaway sales event includes 0% APR for up to 60 months or a $7,500 EV bonus. That’s lower than the previous 1.49% APR offer and the lowest on the 2024MY so far.

Hyundai’s deal runs through February 29th. No down payment is required, and the entry-level 2024 IONIQ 5 SE standard range (303 mi) is based on an MSRP of $43,175.

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2024 Hyundai IONIQ 5 interior (Source: Hyundai)

The 2024 Hyundai IONIQ 5 also features a $7,500 Retail Bonus Cash offer. The deal follows Ford, which announced it was slashing Mustang Mach-E prices by up to $8,100. Ford also introduced 0% APR for 72 months and a $3,000 bonus cash offer.

At 0% APR, the IONIQ 5 drastically undercuts Tesla. With a 6.49% APR, a $45,000 Tesla model could be $7,800 more expensive now than a similarly-priced IONIQ 5.

If you’ve been considering Hyundai’s electric SUV, there’s never been a better time to shop. We can help you get started today. You can use our link to find unbeatable deals on the 2024 Hyundai IONIQ 5 at a dealer near you.

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First Solar opens a Louisiana factory that’s 11 Superdomes big

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First Solar opens a Louisiana factory that’s 11 Superdomes big

First Solar just cut the ribbon on a huge new factory in Iberia Parish, Louisiana, and it dwarfs the New Orleans Superdome. The company’s $1.1 billion, fully vertically integrated facility spans 2.4 million square feet, or about 11 times the size of the stadium’s main arena.

The factory began production quietly in July, a few months ahead of schedule, and employs more than 700 people. First Solar expects that number to hit 826 by the end of the year. Once it’s fully online, the site will add 3.5 GW of annual manufacturing capacity. That brings the company’s total US footprint to 14 GW in 2026 and 17.7 GW in 2027, when its newly announced South Carolina plant is anticipated to come online.

The Louisiana plant produces First Solar’s Series 7 modules using US-made materials — glass from Illinois and Ohio, and steel from Mississippi, which is fabricated into backrails in Louisiana.

The new factory leans heavily on AI, from computer vision that spots defects on the line to deep learning tools that help technicians make real‑time adjustments.

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Louisiana Governor Jeff Landry says the investment is already a win for the region, bringing in “hundreds of good-paying jobs and new opportunities for Louisiana workers and businesses.” A new economic impact analysis from the University of Louisiana at Lafayette projects that the factory will boost Iberia Parish’s GDP by 4.4% in its first full year at capacity. The average manufacturing compensation package comes in at around $90,000, more than triple the parish’s per capita income.

First Solar CEO Mark Widmar framed the new facility as a major step for US clean energy manufacturing: “By competitively producing energy technology in America with American materials, while creating American jobs, we’re demonstrating that US reindustrialization isn’t just a thesis, it’s an operating reality.”

This site joins what’s already the largest solar manufacturing and R&D footprint in the Western Hemisphere: three factories in Ohio, one in Alabama, and R&D centers in Ohio and California. Just last week, First Solar announced a new production line in Gaffney, South Carolina, to onshore more Series 6 module work. By the end of 2026, the company expects to directly employ more than 5,500 people across the US.

Read more: First Solar pours $330M into a new South Carolina solar factory


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Chevy previews a sporty new EV, but will it actually come to life?

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Chevy previews a sporty new EV, but will it actually come to life?

No, it’s not the new Bolt. GM’s design team previewed a new high-riding “sporty Chevrolet EV” that should be brought to life.

Is Chevy launching a new sporty EV?

This is the all-electric vehicle Chevy should sell in the US. General Motors’ design team released a series of sketches previewing a sporty new Chevy EV.

Although it kinda looks like the new 2027 Chevy Bolt EV as a higher-sitting compact crossover SUV, the design offers a fresh take on what it should have looked like.

The new Bolt is essentially a modernized version of the outgoing EUV model with a similar compact crossover silhouette. Nissan adopted a similar style with the new 2026 LEAF as buyers continue shifting from smaller sedans and hatchbacks to crossovers and SUVs.

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Will we see the sporty Chevy EV in real life? It’s not likely. For one, the “exploration sketch” is by GM China Advanced designer Charles Huang.

GM Design posted the sketches on its global social media page, but the caption read “Sporty Chevrolet EV for the China Market.”

It’s too bad. The Bolt could use a sporty sibling like an SS variant. Chevy introduced the Blazer EV SS (check out our review) for the 2026 model year, its fastest “SS” model yet. Packing up to 615 horsepower and 650 lb-ft of torque, the Chevy Blazer SS can race from 0 to 60 mph in 3.4 seconds when using Wide Open Watts (WOW) mode.

Will the Bolt be next? I wouldn’t get my hopes up. And if GM does bring the sporty Chevy EV to life, it will likely only be sold in China. Like all the fun cars these days.

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The 2027 Chevy Bolt EV RS (Source: Chevrolet)

What do you think of the design? Would you buy one of these in the US? Let us know your thoughts in the comments.

While deliveries of the 2027 Bolt are set to begin in early 2026, Chevy is offering some sweet deals on its current EV lineup, including up to $4,000 off in Customer Cash and 0% APR financing for 60 months.

Ready to test drive one? You can use our links below to find Chevy Equinox, Blazer, and Silverado EVs at a dealership near you.

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Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more

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Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss electricity becoming the base currency, Tesla Robotaxi crashes, the new Porsche Cayenne EV, and more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

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We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:

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