Baua Electric

JANUARY 25, 2024

The company saw solid sales growth across key markets, including North America, Europe, and India. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Starting at $33,000, the 2024 Kona EV is one of the most affordable electric cars on the market.

Hyundai 52

Hyundai Electric Vehicles Tax Credit Vehicles 52

Teslarati

APRIL 29, 2023

The Tesla Model 3 now qualifies for the full $7,500 EV incentive thanks to a new loophole in the tax incentive system. Perhaps most notably, this includes vehicles like the Hyundai Ioniq 5 and Kia EV6, but this same trick can be extended to the base model Tesla Model 3, which currently only qualifies for half of the $7,500 EV incentive.

Tesla 97

Tesla Tax F-150 Tax Credit 97

Cars That Think

DECEMBER 18, 2022

China , along with the EU, Japan and South Korea , has also voiced unhappiness with the United State’s EV tax credit incentives that now require certain percentages of EV components be manufactured or assembled in North America. South Korean auto companies Hyundai Motors and Kia are already blaming drops in their U.S.

Global 132

Global China Chinese South Korea 132

EV Adoption

NOVEMBER 26, 2021

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.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116