Hyundai’s 2025 IONIQ 5 EV is cheaper than a Toyota RAV4 with up to $16,000 in discounts
![](https://electrek.co/wp-content/uploads/sites/3/2024/09/Hyundai-US-made-IONIQ-5-1.jpeg?quality=82&strip=all&w=1400)
![](https://electrek.co/wp-content/uploads/sites/3/2024/09/Hyundai-US-made-IONIQ-5-1.jpeg?quality=82&strip=all&w=1400)
The upgraded electric SUV is arriving with up to $16,000 in savings. With discounts, Hyundai’s new 2025 IONIQ 5 can be bought for under $28,000, nearly half off MSRP. That’s even cheaper than a new Toyota RAV4.
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