Up to $10k Discounts on EVs Move the Market This Month

Up to $10k discounts on EVs like IONIQ 5 and Equinox EV; see offers, 0% APR financing, and conditions.

Up to $10k Discounts on EVs Stir Up the Market This Month

With rising gas prices, driving an electric vehicle has become even more appealing. Several manufacturers are offering discounts of $10,000 or more on popular models, such as the Hyundai IONIQ 5 and the Chevy Equinox EV.

Who Has the Best Deals

In addition to discounts, some options feature 0% APR financing for up to 72 months, plus additional bonuses for those taking advantage of current conditions.

Edmunds data indicates that interest in electrified vehicles rose 20% in the first week of March, with the focus being mainly on battery electric vehicles.

With generous discounts and low (or 0%) interest financing, many EVs today present a lower total cost of ownership than comparable gasoline vehicles.

• Hyundai: Up to $10,000 discount on all 2026 IONIQ 5 and IONIQ 9 models this month. 0% APR financing for up to 72 months, plus an additional $5,000 discount on the 2026 IONIQ 5. The IONIQ 9 gets an extra $3,000 discount with 0% APR for up to 72 months.
• Hyundai also offers the IONIQ 5 SE Standard Range for lease starting at $259/month for 24 months, with a $3,999 down payment; the Extended Range SE RWD version is $269/month, with a range of up to 314 miles. The IONIQ 9 can be leased for similar amounts.
• Kia: $10,000 discount across the entire EV lineup, including the EV6 and the three-row EV9.
• Chevrolet: Equinox EV with a $10,000 customer discount; RS gets $8,750 + $1,250 in conquest cash. LT1 FWD gets a $6,500 discount.
• Leasing options for the Equinox EV FWD LT with LT1 and convenience package: $259/month for 39 months, with a $4,029 down payment. There is also a financing option with 0% APR + $1,250 purchase bonus if you have a non-GM vehicle from 2012 or newer.
• Toyota: Up to $7,000 discount and 0% APR on new 2026 bZ, C-HR, and bZ Woodland models.
• Honda: Prologue with an $8,000 sales credit; leasing starting at $269/month for 36 months.

Offers from Hyundai, Chevy, Kia, Honda, and Toyota expire on March 31, 2026, and may vary by region.

Furthermore, reference pricing shows that the Hyundai IONIQ 5 SE Standard Range starts at $35,000 (with an estimated range of 245 miles), while the higher-range SE RWD is $37,500 (up to 318 miles). The Chevy Equinox EV FWD LT starts at $34,995 (excluding the $1,395 destination fee) and offers up to 319 miles of range.

Among the highlights, the Equinox EV and the IONIQ 5 were among the best-selling EVs in the US last year: the Equinox ranked third behind the Tesla Model Y and Model 3, and the IONIQ 5 ranked fifth. With the discounts and the gas price scenario, they become even more attractive.

Which one to choose? The cheapest IONIQ 5 SE Standard Range starts at $35,000, with 245 miles of range; the extended-range version reaches up to 318 miles for a higher price. The Equinox EV FWD LT, starting at $34,995, offers up to 319 miles.

The Equinox EV also features a 17.7-inch infotainment screen, considered best-in-class, surpassing the IONIQ 5's 12.3-inch screen. On the other hand, the IONIQ 5 offers factory wireless CarPlay/Android Auto, a feature missing in the Equinox EV. The Hyundai also offers more interior space, with up to 106.5 cubic feet, compared to 102.2 cubic feet in the Equinox.

Promotions valid until March 31, 2026, subject to regional variation. We can help you find local offers or schedule a test drive.

Models cited (for search reference): Hyundai IONIQ 5, Hyundai IONIQ 9, Honda Prologue, Kia EV6, Kia EV9, Chevy Equinox EV.

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Now we want to hear from you: between the Hyundai IONIQ 5 and Chevy Equinox EV, which one better fits your budget and driving style, considering discounts, range, and technology? Leave your opinion in the comments.