Hyundai and Kia now qualify for the federal EV tax credit
Photo by Andrew J. Hawkins / The Verge
Five electric vehicles from Hyundai, Kia, and Genesis now qualify for the US’s $7,500 EV tax credit, Electrek reports. The new models include popular vehicles like the Hyundai Ioniq 5 crossover SUV and Kia EV9 three-row family hauler. Now, 25 EVs and plug-in hybrids across 10 brands qualify for the credit.
The Biden Administration’s EV tax credit rules mandate building vehicles in North America for eligibility and include additional requirements for sourcing battery components.
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