# Hyundai IONIQ 5 market performance and recognition

> Live situation record from CLSTR: https://clstr.news/situations/hyundai-ioniq-5-market-performance-and-recognition
> Updated: 2026-10-26T15:27:58.000Z. Sources: 5. Developments: 2.

The Hyundai IONIQ 5 has established a strong market presence in both the United States and the United Kingdom. In the US, it has become the third most popular electric vehicle following the Tesla Model Y and Model 3, outperforming competitors like the Ford Mustang Mach-E and Chevrolet Equinox EV. To maintain competitiveness following the expiration of federal tax credits, Hyundai reduced prices on certain trims by nearly $10,000.

In the United Kingdom, the IONIQ 5 was named the overall Used Car of the Year at the 2026 Auto Express Used Car Awards, marking the first time an electric vehicle has received the top honor. It also won Best Used Electric Car, with judges highlighting its 800V architecture, design, and charging capabilities.

## Timeline

### 2026-10-26: Hyundai IONIQ 5 named Auto Express Used Car of the Year

The Hyundai IONIQ 5 has made history as the first electric vehicle to win the overall Auto Express Used Car of the Year award.

2 sources. https://clstr.news/cluster/hyundai-ioniq-5-named-auto-express-used-car-of-the-year

### 2026-10-23: Hyundai IONIQ 5 and IONIQ 9 lease comparison

Hyundai's IONIQ 5 is a top-selling EV in the US, but its larger IONIQ 9 sibling may offer a more competitive effective monthly lease rate.

3 sources. https://clstr.news/cluster/hyundai-ioniq-5-and-ioniq-9-lease-comparison

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Cite as: Hyundai IONIQ 5 market performance and recognition. CLSTR, https://clstr.news/situations/hyundai-ioniq-5-market-performance-and-recognition