Hyundai is making it a lot more tempting to go electric with some sweet deals on the new three-row IONIQ 9 and upgraded IONIQ 5. With discounts, Hyundai’s new EVs are surprisingly affordable.
Hyundai’s new IONIQ 9, IONIQ 5 EVs are pretty affordable
The IONIQ 9 is Hyundai’s first three-row electric SUV, and it’s pretty impressive. With up to 2,462 liters (87 cubic feet) of interior cargo space, it boasts more room than a Toyota Highlander Hybrid (up to 84.3 cubic feet).
It’s also more affordable. Hyundai launched IONIQ 9 lease prices earlier this month, starting at just $419 for 36 months. With $4,999 due at signing, you will pay $558 per month.
The 2025 Toyota Highlander XLE Hybrid is listed at $579 for 36 months with $2,999 due at signing for an effective cost of $662 per month. That’s over $100 more per month despite the IONIQ 9 costing over $10,000 more.
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Hyundai also offers a $5,000 cash bonus across all IONIQ 9 trims. Combined with the $7,500 federal EV tax credit, you can potentially score up to $12,500 in upfront savings. Alternatively, you can opt for 1.99% APR financing for up to 60 months.
2026 Hyundai IONIQ 9 three-row electric SUV (Source: Hyundai)
Including the tax credit and $5,000 cash bonus, prices for the 2026 Hyundai IONIQ 9 RWD S could start as low as $48,000.
The entry-level model starts at $60,555 (including the destination fee) with up to 335 miles of driving range. It also comes equipped with a built-in NACS port to access Tesla Superchargers. Using DC fast charging, the IONIQ 9 can recharge from 10% to 80% in as little as 24 minutes.
For those looking for something a little smaller, the updated 2025 IONIQ 5 is a steal this month, with leases starting at just $209 per month.
The 2025 Hyundai IONIQ 5 now has a driving range of up to 318 miles, a native NACS charging port, and updated styling inside and out.
Prices for the base SE RWD Standard Range start at $43,975, with a range of 245 miles. Upgrading to the extended-range SE model costs $46,550, but it has a range of 318 miles. It’s also eligible for the $7,500 tax credit, bringing prices potentially as low as $36,475.
2025 Hyundai IONIQ 5 Trim
Driving Range
Starting Price*
IONIQ 5 SE RWD Standard Range
245 miles
$42,500
IONIQ 5 SE RWD
318 miles
$46,550
IONIQ 5 SEL RWD
318 miles
$49,500
IONIQ 5 Limited RWD
318 miles
$54,200
IONIQ 5 SE Dual Motor AWD
290 miles
$50,050
IONIQ 5 SEL Dual Motor AWD
290 miles
$53,000
IONIQ 5 XRT Dual Motor AWD
259 miles
$55,400
IONIQ 5 Limited Dual Motor AWD
269 miles
$58,100
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)
Earlier this month, Hyundai launched new charging features for the IONIQ 5 and IONIQ 9, including plug-and-charge and in-app charging.
In addition to all of this, Hyundai is offering a free ChargePoint Home Flex Level 2 charger for any 2026 IONIQ 9 or 2025 IONIQ 5 purchase or lease. Hyundai’s offers end on June 2, 2025.
With leases starting at just $209 per month, the 2025 Hyundai IONIQ 5 is hard to pass up right now. Ready to try it out for yourself? You can use our link to find deals on the 2025 Hyundai IONIQ 5 in your area today.
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This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes a new ONYX RCR 80V electric moped, new lightweight e-bike motors, Aventon’s powerful update, California cops catching illegal e-bike riders with drones, a super lightweight new e-bike from Dahon, and more.
Today’s episode is sponsored by CYCROWN, an e-Bike company born from a passion for cycling. Its lineup now includes the new CYCROWN Dremax – a high-performance urban commuter e-bike now on sale in the US and Canada. Use Electrek50 to save $50 off your new eBike when you order.
The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.
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.
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Here are a few of the articles that we will discuss during the Wheel-E podcast today:
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While much of the Western world is still figuring out how to get more people on electric bikes, China just flipped a switch, and the results are staggering. Thanks to a generous nationwide trade-in program rolled out around six months ago, China has seen an explosive surge in electric bicycle sales, with over 8.47 million new e-bikes hitting the road in the first half of 2025 alone.
The program, which offers subsidies to riders who trade in their old, often outdated electric bikes for newer, safer, and more efficient models, has sparked a new e-bike sale boom in a country already dominated by e-bike travel. In major provinces like Jiangsu, Hebei, and Zhejiang, over one million new e-bikes were sold in each region in just six months. That’s a tidal wave of e-bike sales.
The incentives vary depending on location and the model being traded in, but for many consumers, the subsidies cover a substantial portion of a new e-bike’s price – enough to turn a “maybe next year” purchase into a “right now” upgrade. And these aren’t just budget bikes either. The program has driven demand for higher-quality models with better batteries, safer braking systems, and more reliable electronics, accelerating both adoption and innovation across the industry.
The move has proven successful in replacing the millions of older models with lower-quality lithium-ion batteries that had posed safety risks around the country. Instead, China has pushed for higher-quality lithium-ion batteries, a return to a newer generation of higher-performance AGM batteries, and even interesting new sodium-ion battery options.
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Most e-bikes in China look more like what we’d consider seated scooters
According to China’s Ministry of Commerce, more than 8.4 million consumers have participated in the e-bike trade-in program so far, contributing to a sales increase of 643.5% year-over-year and more than doubling sales month-over-month. Meanwhile, production of new electric bicycles rose by nearly 28%, as manufacturers scrambled to meet demand. The sales boosts have already been seen in the financial reports of major industry players like NIU.
And it’s not just the big players benefiting – over 82,000 small independent e-bike dealers reported average sales increases of ¥302,000 (around US $42,000), giving a serious boost to local economies.
What’s particularly striking here is how fast this happened. The program was officially launched late last year as part of a broader effort to stimulate domestic consumption and phase out outdated vehicles and appliances. But while most analysts expected gradual growth, the e-bike sector responded much more quickly. In less than a year, the trade-in subsidies have reshaped the electric bicycle market, creating a consumer-driven boom that shows no signs of slowing.
For those of us watching from outside China, it’s hard not to wonder what might happen if other countries tried something similar. While most families in Chinese cities already own an electric bike and thus see this as an opportunity to trade it in for a newer model, Western countries like the US are still figuring out how to stimulate commuters into buying their first e-bike.
It’s too soon to know exactly how long the boom will last or whether the momentum will carry into 2026 and beyond. We’ve seen bicycle industry bubbles grow and burst before. But one thing’s clear: with the right incentives, even modest ones, it’s possible to ignite real, large-scale change. China just proved it with nearly 8.5 million new e-bikes to show for it.
And if you’re wondering what it looks like when a country takes electric micromobility seriously, this is it.
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Today was the official start of racing at the Electrek Formula Sun Grand Prix 2025! There was a tremendous energy (and heat) on the ground at NCM Motorsports Park as nearly a dozen teams took to the track. Currently, as of writing, Stanford is ranked #1 in the SOV (Single-Occupant Vehicle) class with 68 registered laps. However, the fastest lap so far belongs to UC Berkeley, which clocked a 4:45 on the 3.15-mile track. That’s an average speed of just under 40 mph on nothing but solar energy. Not bad!
In the MOV (Multi-Occupant Vehicle) class, Polytechnique Montréal is narrowly ahead of Appalachian State by just 4 laps. At last year’s formula sun race, Polytechnique Montréal took first place overall in this class, and the team hopes to repeat that success. It’s still too early for prediction though, and anything can happen between now and the final day of racing on Saturday.
Congrats to the teams that made it on track today. We look forward to seeing even more out there tomorrow. In the meantime, here are some shots from today via the event’s wonderful photographer Cora Kennedy.
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