The Truth About Cars

APRIL 16, 2024

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. It's important to note that Kia hasn’t confirmed the EV3 for American buyers, but it’s hard to imagine that an affordable electric model wouldn’t at least cover its costs here, even without federal tax credits.

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Baua Electric

JULY 2, 2024

Kia’s EV sales hit new record in first half of 2024 Kia is on a roll in the US with affordable, long-range models like the three-row EV9 and EV6, reaching buyers. Kia kicked off EV9 production in Georgia in May as the first EV built in the state. With the $7,500 federal tax credit, prices fall to as low as $48,995.

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Baua Electric

JUNE 24, 2024

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. After a record 2023, Hyundai and Kia are not slowing down this year.

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Teslarati

JUNE 24, 2022

” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. Ford confirmed to CarsDirect that its communication was legitimate. ” The company is dedicated to the battery supply chain network so that Battery Electric Vehicles (BEVs) are more sustainable and economical for our consumers.

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Baua Electric

JUNE 17, 2024

billion Metaplant wraps up in Georgia. For now, electric vehicles are the top priority,” Hyundai’s leader added while at an event organized by Georgia Governor Briant Kemp. Once assembly begins, Hyundai expects EVs built at the facility to qualify for the $7,500 federal tax credit, giving the automaker even more momentum.

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Baua Electric

AUGUST 19, 2024

Genesis GV60 at a Tesla Supercharger (Source: Genesis) Hyundai, Kia, and Genesis continue gaining ground in the US with some of the most affordable, fuel-efficient EVs on the market. The company is opening its Hyundai Motor Group Metaplant America (HMGMA) later this year in Georgia. Hyundai invested around $7.6

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Baua Electric

JANUARY 8, 2025

The refreshed IONIQ 5 was the first vehicle to roll off the assembly line at Hyundais new EV plant in Georgia. Build in the US, it now qualifies for the $7,500 federal tax credit for the first time. In addition to the $7,500 EV tax credit, all trims feature a $7,500 Retail Cash Bonus. But thats not all.

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Baua Electric

JULY 11, 2024

Kia’s EV9 was the first EV built in Georgia after production at its West Point plant kicked off in May. With the $7,500 federal tax credit, prices could fall to as low as $48,995. The long-range model (with up to 304 miles range) could be bought for under $55,000 (including the EV tax credit). Ford 61% 7.2%

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Green Car Congress

JULY 21, 2016

Georgia Power. Southern Company: Georgia Power. It will also list current tax credits and incentives applicable to EV charging. This will result in a significantly smaller, lighter weight, less expensive battery pack (below $100/kWh) and more affordable EVs. Dayton Power & Light Company. Duke Energy. Maui Electric.

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Baua Electric

JANUARY 25, 2024

Hyundai said its investment plans for 2024 include increasing the number of mass-produced models and building its new EV plant in Georgia while continuing to develop future tech. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. billion EV and battery plant in late October.

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Baua Electric

SEPTEMBER 4, 2024

It will be the first Hyundai built at its massive new Metaplant America facility in Georgia. Hyundai said the US-built 2025 IONIQ 5 will initially qualify for a $3,750 tax credit, but once the battery production begins, it expects it to be eligible for the full $7,500.

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Baua Electric

JUNE 19, 2024

Hyundai is launching the Inster EV, an affordable electric car under $27,000 (25,000 euro), and a new IONIQ model. It will likely be based on the E-GMP platform offering over 300 miles range, fast charging in under 20 minutes, and an affordable price tag. Part of the confidence comes from two new EVs hitting the market.

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Baua Electric

MARCH 10, 2024

Which affordable EV regained its EV tax credit eligibility this week? Rivian used the moment to pause (and delay) plans for its massive Georgia plant to get the R2 to production by early 2025. The 2024 Nissan Leaf is eligible for an EV tax credit of $3,750, the automaker confirmed mid-week.

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Baua Electric

SEPTEMBER 26, 2024

More affordable EVs are coming Hyundai claims its new method can boost production efficiency while driving lower costs compared to current processes. However, Hyundai and Kia are planning to launch even more affordable EVs. Hyundai is opening its massive Metaplant America in Georgia this fall, enabling US-built electric models.

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Baua Electric

OCTOBER 17, 2024

Hyundai’s cheapest EV is now even more affordable in Korea. Although previously, it could be purchased for as little as $14,500 (20 million won) with government subsidies, Hyundai’s Casper electric is now even more affordable with a new Premium trim. The Casper Electric gained a new Premium trim starting at $20,000 (27.4 million won).

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Baua Electric

OCTOBER 28, 2024

It will be built alongside Hyundai’s updated 2025 IONIQ 5 at its new Metaplant America in Georgia. Hyundai IONIQ 9 spotted ahead of November debut (Source: ShortsCar) New EVs built at the facility will initially qualify for a partial $3,750 tax credit. The IONIQ 9 will likely also include one, as it is a US-made model.

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Blink Charging

NOVEMBER 2, 2023

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. Expanding Battery Manufacturing Capacity in North America In North America, the United States is the leading market for lithium-ion batteries.

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Cars That Think

NOVEMBER 20, 2023

government was going to try a whole bunch of different government interventions—incentive programs, tax credits, grants, infrastructure investments—to bend the trajectory of our energy transition. and “Is your electricity bill reasonably affordable?” We have the ability to substitute for them very quickly and affordably.

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Plug in America

JULY 22, 2024

To spur EV adoption and increase Americans’ access to and the affordability of EVs, Congress passed legislation called the Inflation Reduction Act (IRA), which President Biden signed into law. Since the tax credits became transferable on January 1, consumers have saved $1 billion on their clean vehicle purchases. 148/S.J.Res.87)

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Baua Electric

MAY 4, 2024

2025 Lexus UX 300h Hyundai last week confirmed that its Metaplant in Georgia, once due to be a dedicated EV plant, will also get U.S. The 2025 Lexus UX 300h has gone hybrid-only , and the most popular AWD version of this model gets a noteworthy gas-mileage boost. The UX 300h AWD now gets 43 mpg combined, and it starts around $40,000.

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Baua Electric

JANUARY 27, 2025

Although the Trump administration is expected to scale back EV incentives, including the $7,500 federal tax credit, Rivian believes its still in a better position than most. Like many, He expects the $7,500 federal EV tax credit and tax credits for battery production to be repealed.

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