As the world continues to navigate the rising costs of gas, many car buyers are turning to electric vehicles (EVs) as a more affordable and environmentally friendly option. Currently, several automakers are offering significant discounts on popular EV models, with some offering up to $10,000 in savings. In this article, we’ll delve into the current EV discount landscape, highlighting the top-selling EVs with discounts of $10,000 or more, and providing you with the necessary information to make an informed decision about your next vehicle purchase.
Why EVs Are More Attractive Than Ever
With gas prices surging by 33% over the past month, many car buyers are reevaluating their transportation options. EVs, in particular, are becoming increasingly attractive due to their lower operating costs and environmental benefits. According to shopping data from cars.com, EV searches surged 25% from the end of February to the end of March, indicating a growing interest in electric vehicles.
Hyundai’s Generous Discounts
Hyundai is one of the automakers offering significant discounts on its EV lineup. The 2026 Hyundai IONIQ 5 and IONIQ 9 are available with discounts of up to $10,000 and $10,000 respectively. The IONIQ 5 is listed at $8,500 in total savings across all 2026 models, while the IONIQ 9 offers $10,000 in total savings. Additionally, Hyundai is offering 0% APR financing for up to 72 months, plus an extra $3,000 off the 2026 IONIQ 5.
IONIQ 5 Trim Options
The IONIQ 5 is available in several trim options, each with its own unique features and price point. The Standard Range model starts at $35,000 and offers up to 245 miles of range. For an additional $10 per month, you can upgrade to the extended range IONIQ 5 SE RWD, which offers up to 314 miles of range. The Limited trim is also available, offering a range of up to 269 miles and a starting price of $48,975. Lease options are also available, with prices starting at $259 per month for the Standard Range model.
IONIQ 9 Trim Options
The IONIQ 9 is a three-row EV that offers a spacious interior and generous discounts. The 2026 IONIQ 9 is available with 0% APR financing for up to 72 months, plus an additional $3,000 off. Lease options are also available, with prices starting at $369 per month.
Kia’s EV Discounts
Kia is also offering significant discounts on its EV lineup, including the 2026 EV6 and three-row EV9. The entire EV lineup is available with a $10,000 customer cash discount, making it an attractive option for those looking for a affordable EV. The EV6 is a compact EV that offers a range of up to 310 miles and a starting price of $42,400. The three-row EV9 offers a range of up to 310 miles and a starting price of $54,800.
Chevrolet’s EV Discounts
Chevrolet is also offering significant discounts on its EV lineup, including the 2026 Chevy Equinox EV. The Equinox EV is available with $10,000 in savings, plus an additional $1,250 in conquest cash. The LT1 FWD trim starts at $30,295, making it an affordable option for those looking for a compact EV. Lease options are also available, with prices starting at $269 per month for the LT FWD trim.
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Equinox EV Trim Options
The Equinox EV is available in several trim options, each with its own unique features and price point. The LT FWD trim starts at $36,495 and offers a range of up to 319 miles. The RS FWD trim starts at $45,595 and offers a range of up to 319 miles. Lease options are also available, with prices starting at $269 per month for the LT FWD trim.
Other EV Discounts to Consider
While Hyundai, Kia, and Chevrolet are offering significant discounts on their EV lineups, there are other automakers offering discounts as well. Nissan is offering up to $4,000 in discounts on its Leaf EV, while Ford is offering up to $3,000 in discounts on its Mustang Mach-E. Additionally, several automakers are offering low or 0% APR financing rates, making it easier for buyers to afford their next EV.
Benefits of EVs
EVs offer several benefits over traditional gas-powered vehicles, including lower operating costs, reduced emissions, and a smoother driving experience. With lower operating costs, EVs can save owners up to $1,000 per year on fuel costs. Additionally, EVs produce zero tailpipe emissions, making them a more environmentally friendly option. The smoother driving experience of EVs also makes them a more comfortable ride, reducing fatigue on long road trips.
How to Take Advantage of EV Discounts
To take advantage of the current EV discounts, it’s essential to do your research and compare prices across different models and automakers. Consider factors such as range, price, and features when making your decision. Additionally, be sure to check for any additional incentives or discounts that may be available. You can also visit the websites of individual automakers to learn more about their current discounts and offers.
