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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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Hyundai breaks ground on training center in Georgia

Teslarati

Hyundai recently broke ground on its training center in Georgia. The Hyundai Mobility Training Center is operated by Georgia Quick Start. The Hyundai Mobility Training Center will focus on the electric vehicle (EV) market in the United States. When completed, Hyundai’s car factory is estimated to generate over 8,000 jobs.

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Hyundai & Kia take second place after Tesla in US EV sales

Teslarati

South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Hyundai and Kia, along with the Genesis brand, are owned by Hyundai Motor Group, which holds the fourth-largest share in the US car market.

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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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Hyundai is launching an electric van as its first export model based on its new EV platform

Baua Electric

Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform. Hyundai will build the chassis, while Iveco will customize the electric vans, distributing them through its network.

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Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group is investing $7.59 A study by the Center for Automotive Research estimated that Hyundai’s investments in Georgia will create about 40,000 jobs and result in $4.6

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Hyundai to add hybrids at EV-only plant as rising demand throws a curveball

Baua Electric

Following similar announcements from rivals, Hyundai is adding more hybrids to its lineup as a bridge to its next-gen EVs. Hyundai will add hybrid production lines at its dedicated EV plant in Georgia as demand rises. Hyundai Q1 2024 sales by region (Source: Hyundai) Overall, EVs accounted for 4.5% (vs 6.5% vs. 15.9%).

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