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Report: Feds to formalize foreign entity rules for EV tax credit

Baua Electric

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. But these could still limit the number of vehicles that qualify for the federal tax credit.

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.

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Hyundai Motor Plans On Building More Hybrids Inside North America

The Truth About Cars

Hyundai Motor reportedly plans on using preexisting investments slated for its new EV facility in Georgia to pivot toward hybrid vehicles, as all-electric models haven’t seen the kind of adoption rates that would warrant an entire factory — let alone the plant that will become its largest outside of South Korea.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Report: Tesla Readying New Model 3 Performance

The Truth About Cars

InsideEVs reported that X/Twitter users have been sharing screenshots of leaked documents from South Korea that appear to show a new Model 3 variant with a possible 412-horsepower rear motor. At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result.

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Hyundai spotted testing Lucid Air and ZEEKR X hints a luxury EV is in the works

Baua Electric

Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Hyundai is “pulling ahead” to gain access to the $7,500 federal EV tax credit. It could be.

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

Baua Electric

Hyundai is building a new all-electric van for Iveco Hyundai revealed the news at a signing ceremony at its headquarters in Seoul, South Korea. Hyundai Motor (including Kia) topped Ford and GM in EV sales last year despite not qualifying for the EV tax credit (only through leasing).

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