Hyundai’s latest offering is a breath of fresh air. By cutting down on model options, they’ve made it easier for buyers to find the perfect car without feeling overwhelmed by too many choices.

The Digital Key 2.0 feature is particularly exciting. It allows you to lock and unlock your Ioniq 5 with just a tap or swipe of your phone screen—no physical key required! You can even share this digital key with up to fifteen other devices, making it perfect for families or car-sharing.

Under the hood, every model now comes standard with an 84kWh battery pack and black interiors. The performance flagship Ioniq 5 N also gets a Vision Roof as part of its upgrades, adding to that sporty feel when you’re cruising down the highway.

The new lineup starts at $76,200 for the RWD model and tops out with the supercharged Ioniq 5 N priced at $115,000. With a range of up to 448km on the WLTP cycle, you won’t have to worry about finding charging stations as often.

Say hello to a more refined driving experience from Hyundai’s latest electric SUV. Whether you’re commuting or hitting up the highway, the new Ioniq 5 lineup is sure to impress with its tech and style.

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Back in February, I scoured Autotrader for some of the best deals on used EVs before the $4,000 credit was set to expire at the end of October. One of the standout models was the Volkswagen ID.4 Pro S, which offered excellent value due to its relatively low price point and decent mileage. However, with the tax credit now a thing of the past, how have things changed for this model?

When we look at the current pricing landscape, it’s clear that some used EV models are being offered at lower prices than before the tax credit was phased out. For instance, one Volkswagen ID.4 Pro S from 2021 with over 37,000 miles is now available for around $16,500—a stark reduction compared to earlier estimates. Despite this drop in price, it’s important to note that the vehicle’s condition and mileage play critical roles in determining its value.

Another significant model to observe is the Hyundai IONIQ 5. When the tax credit was still applicable, a well-equipped SE trim with cargo package had attracted considerable attention for its affordability. Now, without the $4,000 boost from federal incentives, similar models are being offered at significantly reduced prices. This shift underscores the impact of financial incentives on consumer buying behavior and market supply.

Industry experts suggest that while used EV prices have seen a notable decline post-tax credit phase-out, there’s a need to consider broader factors such as rising battery costs and ongoing advancements in EV technology. The transition period also highlights varying degrees of market resilience among different makes and models—some experiencing more pronounced price drops than others.

Moreover, the current landscape reveals that buyers seeking affordable used EVs now have several attractive options with significant upfront savings. For instance, a 2021 Volkswagen ID.4 Pro S model is available for nearly $5,000 less than it was just a few months ago. This trend could potentially encourage more consumers to consider second-hand models as they weigh the pros and cons of new versus pre-owned EVs.

In conclusion, while the phase-out of federal tax credits has had an immediate impact on used EV prices, this period also presents opportunities for savvy buyers to secure excellent deals. As the market continues to evolve, it will be interesting to see how these price dynamics influence consumer choices and overall industry trends.

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