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Hyundai’s 2025 IONIQ 5 EV is cheaper than a Toyota RAV4 with up to $16,000 in discounts
The upgraded electric SUV is arriving with up to $16,000 in savings. With discounts, Hyundai’s new 2025 IONIQ 5 can be bought for under $28,000, nearly half off MSRP. That’s even cheaper than a new Toyota RAV4.
Hyundai’s best-selling electric SUV is now better than ever. The 2025 Hyundai IONIQ 5 was introduced last September with more range, style, and features. It now even comes with an NACS port to charge up at Tesla Superchargers.
The refreshed IONIQ 5 was the first vehicle to roll off the assembly line at Hyundai’s new EV plant in Georgia. Build in the US, it now qualifies for the $7,500 federal tax credit for the first time. But that’s not all.
Hyundai is already offering massive savings opportunities as the new electric SUV rolls out to dealerships. According to auto intelligence firm CarsDirect, the 2025 Hyundai IONIQ 5 already has up to $16,000 in discounts.
In addition to the $7,500 EV tax credit, all trims feature a $7,500 Retail Cash Bonus. Buyers can use the tax credit up front, while the Cash Bonus is valid when buying or leasing.
In addition, Hyundai offers a $1,000 conquest in most areas if you trade in a competitive vehicle. This can also be used when buying or leasing.
When added up, that’s up to $16,000 in discounts. Starting at $43,975, you could potentially buy the 2025 Hyundai IONIQ 5 SE Standard Range model for under $28,000.
That’s even more affordable than the 2025 Toyota RAV4, which starts at $30,245. However, Toyota’s SUV does not have a factory rebate. Hyundai’s promotion ends on February 3, 2025.
With a bigger 84 kWh battery, the 2025 IONIQ 5 has a driving range of 318 miles, up from 303 miles in the outgoing model. The Standard Range model, powered by a 63 kWh battery pack, has a range of 245 miles.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 |
Hyundai’s new model now comes with an NACS port as standard, unlocking access to 36,000 DC fast chargers. That’s more than double the number current drivers have access to.
The interior, updated based on customer feedback, now includes added HVAC controls, a redesigned steering wheel, and a new center console. The cockpit features a dual 12.3″ infotainment and driver display with wireless Apple CarPlay and Android Auto support.
Ready to take advantage of the savings while they last? We can help you find the right model at the best price. You can use our link to view offers on 2025 Hyundai IONIQ 5 models at a dealer near you today.
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