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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. As noted in a Nikkei Asia report, Kia is poised to start the production of the EV9 in the United States by May 2024.

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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 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 Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. billion in HMGMA.

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

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. The site “is advancing ever day,’” according to Oscar Kwon CEO of the Hyundai Motor Group Metaplant America (HMGMA). billion EV megaplant in Georgia in October 2022.

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KIA prices 2015 Soul EV starting at $33,700

Green Car Congress

Kia Motors America (KMA) announced pricing for the all-electric version of the Kia Soul. Offered in two trims, Base and + (Plus), the 2015 Soul EV MSRP will be $33,700 (not including federal tax rebate of $7,500) for the Base and $35,700 for the Plus (not including federal tax rebate of $7,500).

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Hyundai breaks ground on training center in Georgia

Teslarati

Georgia Quick Start will train employees for the Hyundai Motor Group Metaplant America (HMGMA) and affiliate companies, including Mobis, Clovis, and Tansys. billion EV battery production plant in Georgia last year due to the Inflation Reduction Act’s (IRA) EV tax incentives.

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Tesla, VW and several other EVs that qualify for the new 2023 US EV tax credit

Teslarati

EV tax credit. The Internal Revenue Service (IRS) announced the vehicles that qualify for the 2023 EV tax credit. federal tax credit includes EVs made by fourteen manufacturers. General Motors, Kia, Mazda, Mercedes-Benz, Proterra, and Subaru were also on the list. 2022-2023 Ford Escape Plug-In Hybrid. 4 AWD Pro S.