General Motors Hyundai Motors Tax Credit 
The Truth About Cars
OCTOBER 8, 2024
Hyundai’s EV sales have grown considerably in recent times, but its vehicles’ foreign production locations exclude them from U.S. federal tax credits and incentives. That’s changing for the Ioniq 5 EV , which is entering production at Hyundai’s new Georgia factory. Hyundai spent $7.59 Hyundai spent $7.59
Teslarati
FEBRUARY 28, 2024
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 The plant is estimated to generate 8,500 jobs directly. Hyundai allegedly rushing construction on $7.6B billion in HMGMA.
Baua Electric
JULY 11, 2024
Kia sold more electric vehicles in the US in Q2 than its sister company, Hyundai. With the Niro EV included the growth was enough for Kia to surpass Hyundai in US EV sales in Q2. of the market in Q2, topping Hyundai’s 5.1% Hyundai 21% 5.1% With the $7,500 federal tax credit, prices could fall to as low as $48,995.
Baua Electric
SEPTEMBER 27, 2024
Instead of adding lithium to “precursor materials” like phosphate and iron sulfate, as in current LFP production, a new “direct synthesis” process would combine iron powder, phosphate, and lithium without the precursor step, Hyundai and Kia explained. LFP battery tech originated in the U.S. ,
Baua Electric
JANUARY 16, 2024
New incentives can make the 2024 Hyundai Ioniq 6 much cheaper than the newly updated Tesla Model 3, according to CarsDirect. But for those purchasing rather than leasing, the rebate drops the Hyundai’s base price from $38,615 to $31,115. Hyundai already gave the Ioniq 6 a $4,100 price cut for 2024 , versus 2023.
Teslarati
JUNE 20, 2023
Rivian became the third major automaker to adopt Tesla’s NACS connector, following Ford and General Motors, both of which announced partnerships with Tesla earlier this month. The automaker has also had its stock pushed upward due to its Model 3’s prequalification for the $7,500 tax credit across the entire vehicle lineup.
The Truth About Cars
JUNE 21, 2023
Volvo only produces 4 percent of its vehicles here, but the real shocker is that General Motors only built 54 percent of its vehicles in the United States. These numbers may shift in favor of American production in the coming years as automakers look to localize production and take advantage of federal tax credits.
Expert insights. Personalized for you.
109 
Let's personalize your content