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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. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Cost Parity?: Two Dozen EVs “Available” in the US Start At Less Than $45,000

EV Adoption

But assuming you can get your hands on one, roughly two-dozen BEVs and PHEVs available for sale in the US this summer have a base manufacturer’s suggested retail price (MSRP) of less than $45,000. The federal EV tax credit is just that, a tax credit that is applied when submitting your taxes.

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KIA: Double-digit enlargement in Q2

Baua Electric

Kia’s Strong point sedan is also doing neatly because of city consumers, who nonetheless favor smaller, extra cost-efficient automobiles. Although the availability chain isn’t out of the logs, Watson stated, it’s “much improved and stable.”

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2015 Kia Soul EV: Estimated 93 Miles Of Range, Priced Under $35,000 Or $249 A Month

Green Car Reports

Kia has announced pricing for the 2015 Soul EV, the company''s first mass-market electric car. The 2015 Kia Soul EV will start at $34,500 in base price, not including the $7,500 Federal tax credit for electric cars, or any available state and local incentives.

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Kia Niro EV specs, recapturing CO2, and electric-car support vs interest: Today's Car News

Green Car Reports

Kia has revealed official specifications for the Niro EV. And Waymo's purchase of up to 62,000 Chrysler Pacific Hybrids could account for one-third of FCA's available consumer tax credits. Scientists have discovered a way to recapture CO2 and recycle it into fuel.

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First drive in the Kia EV9: The three-row electric SUV many consumers have been waiting for

Baua Electric

Three months after opening US orders for the long-anticipated three-row EV9 SUV, the folks at Kia invited media out to wine country to test drive it for the first time. 2023 was a huge year for Kia in a lot of ways, but EV9’s development was a huge part of that narrative, even if it wasn’t a genuine contributor to its record US sales (yet).

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. manufacturing facilities producing Hyundai, Kia, and Genesis EV models. Hyundai will launch 31 EV models from its brands, including Kia and Genesis, to reach its goal.