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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. The site “is advancing ever day,’” according to Oscar Kwon CEO of the Hyundai Motor Group Metaplant America (HMGMA). billion EV megaplant in Georgia in October 2022.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.

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Honda believes it will outpace US rivals as its first electric SUV is available in all markets

Baua Electric

The Honda Prologue is now available at most dealers, spanning all US markets. The new electric SUVs are based on GM’s Ultium platform. 2024 Honda Prologue (Source: Honda) Although he didn’t give specifics, data from Motor Intelligence suggests Honda spent over $2,350 per vehicle on incentives in Q2. We can help you get started.

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Volkswagen of America unveils the 2021 ID.4 electric SUV

Green Car Congress

4 electric SUV—the brand’s first long-range EV to be sold in the US. This compact SUV, which will be available in rear-wheel drive 201-hp 82 kWh (launching first) and all-wheel-drive 302-hp 82 kWh configurations, offers three years of fast charging with Electrify America for no additional cost. Reservations for the ID.4

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Kia overtakes Hyundai in US electric vehicle sales in Q2 as its new EV9 sparks growth

Baua Electric

Kia’s first three-row electric SUV is already fueling a sales spike. Although Kia’s new electric SUV is receiving most of the attention, sales of its first dedicated electric car, the EV6, were also up nearly 40% in Q2. With the $7,500 federal tax credit, prices could fall to as low as $48,995. Ford 61% 7.2%

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Hyundai IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

The first three-row electric SUV from Hyundai will be named the IONIQ 9. Hyundai plans to change the name of the electric SUV from IONIQ 7 to IONIQ 9 as it looks to build off Kia’s success with the EV9. The brand is expected to reveal its first three-row electric SUV this June. Hyundai expects EVs built at the massive $7.6

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Hyundai Brand News for 2024 and 2025

Clean Fleet Report

headquarters for the Hyundai Motor Group. The XRT will be built in the new Hyundai Motor Group Metaplant America (HMGMA) facility in Savannah, Georgia. Scheduled to be in dealers in fall 2024, it will be eligible for a $3,750 U.S. tax credit at start of sale. It also now comes in the XRT trim.

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