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

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

Hyundai sold 268,785 EVs last year as demand for the IONIQ 5 and IONIQ 6 picked up. Hyundai sold 268,785 EVs in 2023 During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally. With this, Hyundai’s global EV sales reached 268,785 in 2023.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. 4 , and more.

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Hyundai unveils sporty new Kona Electric N Line with bold design elements

Baua Electric

The all-electric Hyundai Kona EV is getting the sporty N Line treatment. Hyundai unveiled the new Kona Electric N Line with stylish design upgrades. Hyundai Motor Europe’s best-selling EV is getting even more attractive. The Kona Electric is Hyundai Europe’s first EV to get the sporty N Line treatment.

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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia.

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Hyundai IONIQ T10 emerges as a potential electric F-150 Lightning pickup rival

Baua Electric

Is the Hyundai IONIQ T10 the electric truck we’ve been waiting for? A new trademark filing for an IONIQ T10 suggests Hyundai could be aiming for Ford’s F-150 Lightning. Is Hyundai launching an electric IONIQ T10 pickup truck? In June, Hyundai unveiled its new EV platform. We can help you get started today.

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