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

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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GM is giving a $7,500 incentive on EV models that lost tax credit eligibility

Baua Electric

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. 4, Ford Mustang Mach-E, and Nissan LEAF.

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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. Including Kia and Genesis, Hyundai topped American automakers Ford and GM’s Chevy for second behind only Tesla.

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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia.

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Hyundai and Kia surge past Ford, GM to take second in US EV sales in 2023

Baua Electric

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. The Korean automakers surged past Ford and GM with stylish, functional EVs built for the modern era. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. The Kia EV6, Hyundai Ioniq 5, and Nissan Ariya are also seeing their inventories stacking up. Even the Ford Mustang Mach-E, which is popular and well-loved, now has a 117-day supply.

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Hyundai unveils sporty new Kona Electric N Line with bold design elements

Baua Electric

The all-electric Hyundai Kona EV is getting the sporty N Line treatment. Hyundai unveiled the new Kona Electric N Line with stylish design upgrades. Hyundai Motor Europe’s best-selling EV is getting even more attractive. The Kona Electric is Hyundai Europe’s first EV to get the sporty N Line treatment. wide, and 62.2″

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