After cutting prices on its top-selling electric vehicle by nearly $10,000 in the US, Hyundai is now bringing the savings to new markets. Hyundai is offering discounts of over $34,000 on some of its EVs overseas.

Hyundai is discounting EVs in the US and overseas

Last week, Hyundai announced it was reducing prices on the 2026 IONIQ 5 by up to $9,800 in the US. The 2026 IONIQ 5 starts at just $35,000, making it one of the most affordable EVs available alongside the Chevy Equinox EV and the Nissan LEAF.

Hyundai said the generous EV discounts reflected its “commitment to affordability” as part of its long-term strategy.

Record vehicle sales and higher output at its new EV plant in Georgia are helping reduce costs, which the company said it’s now passing on to buyers.

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The massive EV discounts are starting to pile up after Hyundai cut prices in another market on Tuesday. After launching a series of special offers in Australia on Tuesday, Hyundai is discounting some of its EVs by more than $34,000.

According to TheDriven, Hyundai reduced prices on select IONIQ 5, IONIQ 6, Inster EV, and Kona Electric models by up to $34,142.

Hyundai’s most affordable electric car, the Inster (which is sadly not sold in the US), received a $3,925 price reduction, and now starts at under $40,000 for the first time.

The IONIQ 6 is heavily discounted, with up to $34,142 off the driveway price on 2023 model year inventory. Hyundai has also reduced the prices of the IONIQ 5 by nearly $10,000. As the report points out, the savings are based on the driveway prices in NSW, which are available nationally.

Although Hyundai’s price cuts in the US were in response to the $7,500 federal EV tax credit expiring, the discounts in Australia come as demand for electric cars is at an all-time high. In September, electric vehicles accounted for 11.3% of new car sales.

In the US, Hyundai is still offering a $7,500 cash incentive for 2025 IONIQ 5 models until at least the end of October.

The 2025 Hyundai IONIQ 5 Standard Range starts at $42,600, while the 2026 model year is priced from just $35,000.

Although it was already one of the most affordable EVs on the market, the IONIQ 5 is hard to pass up with leases starting at just $249 per month in the US. For $10 more per month ($259), you can upgrade to the long-range SE RWD trim, which offers a range of up to 318 miles.

Curious what Hyundai’s electric SUV feels like to drive? You can find available IONIQ 5 models near you through our trusted partner.

Northern Illinois utility ComEd has spent for than $100 million in EV and EV charging rebates since launch its Beneficial Electrification program in 2024 — an investment that, along with funding from the Illinois EPA and other Federal grants, has helped drive EV adoption in the state at a rate that’s rapidly outpaced the rest of the nation.

Since its launch in 2024, ComEd’s Beneficial Electrification (BE) Plan has supported the deployment of more than 7,200 electric vehicle charging ports and over 2,200 EVs registered to business and public sector commercial customers.

The company, part of the larger Exelon utility group) has also announced plans to invest an additional $168 million of EV and charging infrastructure investments between 2026 and ’28. The target is both in line with Illinois’ clean transportation goals and which will generate a real, objective reduction in air pollution — a goal that (one would hope) transcends political affiliations.

“Reducing emissions from vehicles is one of the most effective and important things we can do to improve air quality and public health,” explains Rob Anderson, President and CEO of Respiratory Health Association. “As we have seen the ending of federal funding support for this effort, ComEd’s continued commitment of transportation electrification rebates is leading the way for our shared goal of eliminating pollution and creating cleaner air for all of our communities across northern Illinois.”

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Building on the $231 million investment from 2023 through 2025, the additional $168 million will assist both residential and non-residential customers transition to EVs. The company also places an emphasis on equity, with 80% of the rebates from its over 6,400 projects going to low-income business and public sector organizations serving low-income and Equity Investment Eligible Communities (EIECs).

The ComEd rebates support the goals of Illinois’ Climate and Equitable Jobs Act (CEJA), which was signed into law by Governor J.B. Pritzker in 2021 to combat climate change and promote beneficial electrification across the state. CEJA also has the goal of putting 1 million EVs on Illinois roads by 2030, and ComEd certainly has role to play there, as 90% of the 150,000 EVs registered in Illinois operate within its service territory (that’s up from 19,000 EVs in 2019).

Electrek’s Take

While President Trump was running for re-election, he campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs — a campaign promise he kept as recently as September 30th. That wasn’t the end of the road for EVs, however.

Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle. More recently, some clever accounting from the folks at GM and Ford are keeping the $7,500 lease credit alive, and other companies like Hyundai and Toyota are simply reducing the asking price on their EVs.

It seems to me like there’s plenty of life in EVs, yet.

SOURCE | IMAGES: ComEd; via LinkedIn.

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Tesla has started to release its (Supervised) Full Self-Driving (FSD) v14 update, its first significant update in a year, to customers.

Here are the full release notes:

In late 2024, Tesla began rolling out FSD v13 to owners with the latest HW4 computers installed in their vehicles.

It has been the last significant update to Tesla’s “Full Self-Driving” program despite CEO Elon Musk again claiming that the automaker was on the verge of solving “unsupervised self-driving.”

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Tesla’s excuse for not releasing any significant update for almost a year was that the team was instead working on its “Robotaxi” service in Austin, Texas.

FSD v14 has been described as Tesla using what it learned from the Robotaxi program and rolling it into software for its consumer vehicles.

Musk has been hyping the update for the last few months. He first said it would come in September, but he revealed that Tesla found a “bug”, which delayed the release to late Monday night.

Tesla HW4 owners are now starting to download the update.

Here are the full release notes for FSD v14:

Tesla FSD v14 release notes

• Added Arrival Options for you to select where FSD should park: in a Parking Lot, on the Street, in a Driveway, in a Parking Garage, or at the Curbside.
• Added handling to pull over or yield for emergency vehicles (e.g. police cars, fire trucks, ambulances).
• Added navigation and routing into the vision-based neural network for real-time handling of blocked roads and detours.
• Added additional Speed Profile to further customize driving style preference.
• Improved handling for static and dynamic gates.
• Improved offsetting for road debris (e.g. tires, tree branches, boxes).
• Improve handling of several scenarios, including unprotected turns, lane changes, vehicle cut-ins, and school buses.
• Improved FSD’s ability to manage system faults and recover smoothly from degraded operation for enhanced reliability.
• Added automatic narrow field washing to provide rapid and efficient front camera self-cleaning, and optimize aerodynamic wash at higher vehicle speeds.
• Added alerting for residue build-up on the interior windshield that may impact front camera visibility. If affected, visit Service for cleaning!

Upcoming Improvements:

• Overall smoothness and sentience
• Parking spot selection and parking quality

Full Self-Driving (Supervised)

Under your supervision, Full Self-Driving (Supervised) can drive your Tesla almost anywhere. It will start from a parked position, make lane changes, select forks to follow your navigation route, navigate around other vehicles and objects, make left and right turns and park at your destination. You and anyone you authorize must use additional caution and remain attentive. It does not make your vehicle autonomous. Do not become complacent.

Full Self-Driving (Supervised) is enabled on your vehicle. To use the feature, press the Start Self-Driving button on the UI, or press the right scroll wheel button once. You can disable Full Self-Driving (Supervised) in Autopilot Settings.

UI Improvements

• Start Self-Driving with a tap of the touchscreen from Park, or any time during your drive.
• Adjust settings like the Speed Profile and Arrival Options directly from the Autopilot visualization on the center display.

Speed Profiles

FSD (Supervised) will now determine the appropriate speed based on a mix of driver profile, speed limit, and surrounding traffic.

• Introduced new Speed Profile SLOTH, which comes with lower speeds & more conservative lane selection than CHILL.
• Driver profile now has a stronger impact on behavior. The more assertive the profile, the higher the max speed.
• Right scroll-wheel up/down now adjusts Speed Profile setting rather than your precise max speed offset selection in mph/kph.

Arrival Options

• You can now select an arrival option such as Parking Lot, Street, Driveway, Parking Garage and Curbside for Robotaxi-style drop offs.
• Your preferences for arrival options and preferred parking positions are persisted for each destination.
• Our reasoning model will assess the suitable options for your destination and pick an intuitive default.

Brake Confirm

Brake Confirm for the Start Self-Driving button is now defaulted off. When disabled, Start Self-Driving will not require you to press and release the brake to confirm engagement.

You can enable Brake Confirm in Autopilot > Brake Confirm.

Electrek’s Take

This is exactly what we expected. Tesla is adding some of the features of Robotaxi, such as improved parking capabilities at your destination, and much-needed performance upgrades after a year of regression based on crowdsourced data.

As I previously stated, I expect at best a 2 to 3x improvement in miles between critical disengagement, which sounds great until you realize that that brings Tesla to a max 1,200 miles between critical disengagement and the automaker needs to be closer to 10,000 miles for a limited unsupervised ride-hailing service, and then 700,000 miles to be level 5 safer than humans as promised.

We will have to wait a few days, and ideally a few weeks, to gather enough data to gauge the significance of those improvements.

As usual, I like to point out that FSD would be truly impressive and likely a praised product if it were sold and marketed for what it is: a level 2 driver assistance system.

However, we have to compare it against what Tesla is selling and claims it will become: a level 4 fully autonomous driving system – something it is not.

FSD still requires driver attention at all times and can make very dumb and dangerous mistakes.

Furthermore, Tesla is clearly starting to reach the limits of HW4, even though it will likely need to ~10x performance from FSD v14. It means that, as Tesla already admitted with HW3, the automaker has sold “Full Self-Driving” on cars that don’t have the hardware to make it a reality.