Another automaker is preparing to raise vehicle prices in the US. As soon as next week, Hyundai is expected to hike prices across its entire lineup.
Is Hyundai raising vehicle prices in the US?
Hyundai is coming off its seventh straight month with record sales in the US, led by its growing lineup of electrified vehicles.
In April, the company launched its Customer Assurance program, locking in vehicle prices until June 2, 2025. Hyundai promised that those who bought or leased a new Hyundai vehicle during the protection period would not see prices increase.
With the window closing next week, Hyundai is expected to raise vehicle prices across its entire lineup. Sources familiar with the matter told Bloomberg that Hyundai is considering a 1% price hike on every model.
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The higher prices would be reflected in the suggested retail price and only apply to newly built models. Vehicles already sitting at dealership lots will be unaffected by the price hikes.
2025 Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)
Hyundai is also expected to raise prices on optional features, such as added roof rails and other imported parts, to avoid further hikes on base models.
The move comes as part of “our regular annual pricing review, guided by market dynamics and consumer demand, independent of tariffs, Hyundai said in a statement.
Hyundai will “continue to adapt to shifts in supply and demand, and regulations, with a flexible pricing strategy and targeted incentive programs.”
2026 Hyundai IONIQ 9 (Source: Hyundai)
What’s next
Although no specifics were mentioned, the expected price hikes will add “several hundred dollars,” at least, on every Hyundai vehicle.
Hyundai has not confirmed its intention to raise prices, and plans could still change. The sources said talks are still ongoing.
2025 Hyundai IONIQ 5 XRT (Source: Hyundai)
If true, the Korean automaker will follow several others, including Ford, that are expected to raise vehicle prices in response to Trump’s auto tariffs.
Although Hyundai could raise prices, it will still likely be in a better position than most. The company celebrated the grand opening of its massive new Hyundai Motor Group Metaplant America (HMGMA) manufacturing plant in Georgia earlier this year, where the upgraded IONIQ 5 and three-row IONIQ 9 are being made.
2026 Hyundai IONIQ 9 interior (Source: Hyundai)
Hyundai’s electric vehicles (EVs) are currently among the most affordable on the market. The 2025 IONIQ 5 now boasts a range of up to 318 miles, an NACS port to access Tesla Superchargers, and a revamped style both inside and out.
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)
The Standard Range model starts at just $42,500, with a 245-mile driving range. The longer-range trim, with up to 318 miles of range, starts at $46,550. With the potential $7,500 federal tax credit, prices could drop to under $36,500.
Hyundai’s three-row IONIQ 9 starts at $60,555 with a range of up to 335 miles. Like the IONIQ 5, it also features a native NACS port.
To sweeten the deal, Hyundai is offering a complimentary ChargePoint Home Flex Level 2 charger to those who purchase or lease the 2025 IONIQ 5 or the 2026 IONIQ 9.
Ready to take advantage of the savings while they last? Hyundai is currently offering significant discounts, with 2025 IONIQ 5 leases starting as low as $209 per month. Check out our links below to find 2025 Hyundai IONIQ 5 and 2026 IONIQ 9 models near you.
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The headquarters of the Abu Dhabi National Oil Co. (ADNOC), right, and Etihad Towers, center, surrounded by residential and commercial properties in Abu Dhabi, United Arab Emirates, on Sunday, April 10, 2022. It is not just about the oil production that countries need to pay attention to, but also investments in renewables, Alhmeri affirmed.
Christopher Pike | Bloomberg | Getty Images
Global private-equity giant KKR has expanded its partnership with the Abu Dhabi National Oil Company, acquiring a minority stake in ADNOC Gas Pipeline Assets.
That ADNOC subsidiary operates 38 gas pipelines and two export terminals in the United Arab Emirates. KKR did not disclose the value of the deal to CNBC.
The partnership follows ADNOC’s 2019 oil pipelines deal with KKR and BlackRock, which opened the door to foreign direct investment across the region.
“This investment reflects KKR’s commitment to expand partnerships and investment across the Middle East,” said David Petraeus, partner at KKR and chairman of the KKR Global Institute and KKR Middle East. “The region’s strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors.”
Earlier this year, the firm appointed former CIA Director Petraeus, who joined KKR in 2013, as chair of its Middle East operations and launched a dedicated investment team led by Julian Barratt-Due.
The transaction marks another milestone in KKR’s expansion in the region. It acquired a stake in Dubai-based Gulf Data Hub, with a combined commitment from the two firms of more than $5 billion to fund the expansion of GDH’s data center network.
The ADNOC gas pipeline network, which links the company’s upstream assets to domestic off-takers across the UAE, remains fully owned and operated by ADNOC. KKR has taken a minority stake, so ADNOC will retain control. KKR’s stake — acquired through its managed accounts — is structured to yield long-term revenue, the company said.
The move expands KKR’s over 16-year presence in the Middle East, with offices in the UAE and Saudi Arabia. The firm now manages more than $90 billion in infrastructure assets globally since launching its infrastructure strategy in 2008, according to information on its website.
Daimler Truck AG CEO Karin Rådström hopped on LinkedIn today and dropped some absolutely wild pro-hydrogen talking points, using words like “emotional” and “inspiring” while making some pretty heady claims about the viability and economics of hydrogen. The rant is doubly embarrassing for another reason: the company’s hydrogen trucks are more than 100 million miles behind Volvo’s electric semis.
For some reason – posts about hydrogen always stir up emotions. I think hydrogen (not “instead of” but “in parallel to” electric) plays a role in the decarbonization of heavy duty transport in Europe for three reasons:
If we would go “electric only” we need to get the electric grid to a level where we can build enough charging stations for the 6 million trucks in Europe. It will take many years and be incredibly expensive. A hydrogen infrastructure in parallel will be less expensive and you don’t need a grid connection to build it, putting 2000 H2 stations in Europe is relatively easy.
Europe will rely on import of energy, and it could be transported into Europe from North Africa and Middle East as liquid hydrogen. Better to use that directly as fuel than to make electricity out of it.
Some use cases of our customers are better suited for fuel cells than electric trucks – the fuel cell truck will allow higher payload and longer ranges.
At European Hydrogen Week, I saw firsthand the energy and ambition behind Europe’s net-zero goals. It’s inspiring—but also a wake-up call. We’re not moving fast enough.
What we need:
Large-scale hydrogen production and transport to Europe
A robust refueling network that goes beyond AFIR
And real political support to make it happen – we need smart, efficient regulation that clears the path instead of adding hurdles.
To show what’s possible, we brought our Mercedes-Benz GenH2 to Brussels. From the end of 2026, we’ll deploy a small series of 100 fuel cell trucks to customers.
Let’s build the infrastructure, the momentum, and the partnerships to make zero-emission transport a reality. 🚛 and let’s try to avoid some of the mistakes that we see now while scaling up electric. And let’s stop the debate about “either or”. We need both.
Daimler CEO at European Hydrogen Week; via LinkedIn.
At the risk of sounding “emotional,” Rådström’s claims that building a hydrogen infrastructure in parallel will be less expensive than building an electrical infrastructure, and that “you don’t need a grid connection to build it,” are objectively false.
Next, the claim that, “Europe will rely on import of energy, and it could be transported into Europe from North Africa and Middle East as liquid hydrogen” (emphasis mine), is similarly dubious – especially when faced with the fact that, in 2023, wind and solar already supplied about 27–30% of EU electricity.
Unless, of course, Mercedes’ solid-state batteries don’t work (and she would know more about that than I would, as a mere blogger).
Electrek’s Take
Via Mahle.
As you can imagine, Karin Rådström post generated quite a few comments at the Electrek watercooler. “Insane to claim that building hydrogen stations would be cheaper than building chargers,” said one fellow writer. “I’m fine with hydrogen for long haul heavy duty, but lying to get us there is idiotic.”
Another comment I liked said, “(Rådström) says that chargers need to be on the grid – you already have a grid, and it’s everywhere!”
At the end of the day, I have to echo the words of one of Mercedes’ storied engineering partners and OEM suppliers, Mahle, whose Chairman, Arnd Franz, who that building out a hydrogen infrastructure won’t be possible without “blue” H made from fossil fuels as recently as last April, and maybe that’s what this is all about: fossil fuel vehicles are where Daimler makes its biggest profits (for now), and muddying the waters and playing up this idea that we’re in some sort of “messy middle” transition makes it just easy enough for a reluctant fleet manager to say, “maybe next time” when it comes to EVs.
We, and the planet, will suffer for such cowardice – but maybe that’s too much malicious intent to ascribe to Ms. Rådström. Maybe this is just a simple “Hanlon’s razor” scenario and there’s nothing much else to read into it.
Let us know what you think of Rådström’s pro-hydrogen comments, and whether or not Daimler’s shareholders should be concerned about the quality of the research behind their CEO’s public posts, in the comments section at the bottom of the page.
SOURCE | IMAGES: Karin Rådström, via LinkedIn.
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Chevy flew us out to San Diego and hosted us for a quick adventure to the mountains east of the city to show off the new Chevy Silverado Trail Boss EV. Was this the new boss of the trails or just some expensive inside and outside trim updates? As usual, the answer lies in between. Let’s take a look…
Exterior
Chevy’s Silverado EVs have a distictive look from the ICE varieties and that contiues with the new Trail Boss trim. Most notable is the smaller grill, hiding the large Frunk and triangular blades on the bed, both of which make the aero on the EV version better.
The trail boss extends the rugged looks on the outside with a 2-inch lift, and 35-inch all terrain tires. Somehow however, Chevy rates the same 410 miles extended/478 miles Max range as the unlefted, smaller tire LT. There is a slightly reduced 625/725 horsepower over the 645/760 horsepower LT but higher torque which jibes with the bigger tires and the off roading motif.
Standard four-wheel steer and Sidewinder diagonal steering give it the ability steer around tight corners and drive diagonally like its GMC Hummer and Sierra Crabwalking brethren.
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Interior
The inside of the Trail Boss is distinctly sport/rugged exclusive (any color as long as it is) Black and Artemis interior with Red accent stitching reminiscent of the Chevy Blazer EV SS. Like other Silverado EVs, there’s a midgate that allows lots of expandibility options.
The drive
There’s a lot to love about the drive. I’m always amazed how well this huge GM EVs handle driving around town. I got to trailer a 10,000lb Polaris for 20 minutes and almost forgot it was there (which ironically is probably its biggest safety hazard). Unfortunately we weren’t on any Supercruise approved roads but I’ve taken the Sierra EV out on long trips and it is one of, if not the best Super Cruise form factors available.
Off roading was a little tame for my tastes – perhaps I’ve been spoiled by Rivian adventures. We hit some dirt roads/trails in a very slow a deliberate manner. With the huge, heavy battery, long wheelbase and gargantuan footprint, this isn’t as agile through the trails as I’d hoped. However that rear steering did help turning radius quite a bit and it chomed up everything we threw at it, especially in Off-road mode. I think the Silverado has a lot more to offer than what we got to see on this trip in terms of off roading. In the breif moments I was able to air this thing out, on road and off, it never dissapointed.
Charging
Charging for the Trail Boss is almost completely like the other Silverado EVs which means very fast CCS (no native NACS yet) charging on a huge battery. GM claims 100 miles in 10 minutes. On the Max battery, that will be at 350kW, 300kW on the extended battery. I have to give Chevy props however for making charging part of this adventure. We stopped at a Tesla Supercharger station, whipped out or NACS adapters and let it fly. At over 86% state of charge, we still got over 120kW of charging speed which is only slightly less impressive when you consider this is sort of like 2x100kWh batteries charging at 60kW/ea.
Electrek’s take
GM’s monster 205kWh hour battery is still the only game in town for those who want to tow really long distances or get huge range out of a monumentally inefficient full-sized pickup design. For towing, nothing will take you further between charges, Silverado/Sierra EVs are the distance champs.
The Silverado EV Trail Boss though takes that off road in a meaningful way with the lift, bigger tires and off road modes, perhaps not as seriously as the Hummer EV but at a much more palatable starting price of $72,000.
Also this is the biggest mobile battery in town with its 10kW output which will go full bore for an amazing 20 hours on a charge. That means you can run your house/campsite/worksite/etc for much longer and at higher power than anyone else.
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