Hyundai Offers Discounts on Electric Vehicles as Gas Prices Remain High
June 22, 2026
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Key Takeaways
Hyundai is offering significant discounts on electric vehicles in Canada, including the IONIQ 5 and IONIQ 9, with savings of up to $10,000 and 0% APR financing for up to 72 months, making electric vehicle ownership more affordable for Canadian drivers.
The IONIQ 5 is available for lease starting at $259 per month for the Standard Range SE model, with an estimated driving range of 245 miles, and may be eligible for the Canadian iZEV incentive and provincial rebates, providing additional savings for EV buyers.
Canadian customers can take advantage of Hyundai's promotion, with discounts of up to $7,000 on the IONIQ 5 LIMITED and competitive pricing starting at around $40,000, making Hyundai's electric vehicles an attractive option for those looking to switch to an eco-friendly EV in Canada.
Hyundai Offers Significant Discounts on Electric Vehicles in Canada
Hyundai is providing Canadian drivers with an opportunity to save on electric vehicles, including the popular IONIQ 5, with substantial discounts and financing options. Following the expiration of the US tax credit, Hyundai reduced prices on the IONIQ 5 by up to nearly $10,000 on some trims, and now, the company is offering similar relief to Canadian customers. With rising gas and oil prices, Hyundai is providing discounts of up to $10,000 on electric vehicles this month, or 0% APR financing for up to 72 months, plus an additional $3,000 off.
IONIQ 5 and IONIQ 9 Discounts and Leasing Options
The three-row IONIQ 9 is available with discounts of up to $10,000 in total savings or 0% APR plus $3,000 off. Despite a starting MSRP of nearly $60,000, the IONIQ 9 can be leased starting at $369 per month, which is competitive with other vehicles in its class, such as the Santa Fe Hybrid. The IONIQ 5, on the other hand, is available for lease starting at $259 per month for the Standard Range SE model, which has an estimated driving range of 245 miles. For an additional $10 per month, or $269 per month, Canadian customers can lease the 2026 Hyundai IONIQ 5 SE RWD with an estimated range of up to 318 miles. With a starting price of around $40,000 in Canada, the IONIQ 5 is an affordable option for those looking to switch to an electric vehicle, and it may be eligible for the Canadian iZEV incentive, as well as provincial rebates.
Canadian Pricing and Availability
Canadian customers can take advantage of Hyundai's current promotion, which includes discounts of up to $7,000 on the IONIQ 5 LIMITED, as well as 0% APR financing for up to 72 months. However, it's essential to note that these offers cannot be combined, and the discounts require financing through Hyundai. The IONIQ 5 is available at Hyundai dealerships across Canada, and customers can check the current pricing and availability in their area. With the rising demand for electric vehicles in Canada, Hyundai's promotion is an excellent opportunity for customers to experience the benefits of owning an EV, while also taking advantage of the available incentives, such as the iZEV incentive, which offers a rebate of up to $5,000.
Hyundai's Commitment to Electric Vehicles
Hyundai's commitment to electric vehicles is evident in their efforts to make them more affordable and accessible to Canadian customers. The company's spokesperson stated that the goal of the promotion is to enable customers to utilize electric vehicles more economically, especially with the current soaring fuel prices. As the Canadian government continues to promote the adoption of electric vehicles, Hyundai is well-positioned to meet the growing demand, with a range of models available, including the IONIQ 5 and IONIQ 9. With their competitive pricing, impressive range, and available incentives, Hyundai's electric vehicles are an attractive option for Canadian customers looking to make the switch to a more sustainable and environmentally friendly vehicle.
