Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day
Baua Electric
FEBRUARY 27, 2024
Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line. It even tops Rivian’s $5 billion EV factory outside of Atlanta. And that was without its electric models qualifying for the $7,500 EV tax credit (only through a leasing loophole).
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