Remove Dealers Remove Hyundai Remove Motoring Remove Tax
article thumbnail

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.

article thumbnail

Hyundai to add hybrids at EV-only plant as rising demand throws a curveball

Baua Electric

Following similar announcements from rivals, Hyundai is adding more hybrids to its lineup as a bridge to its next-gen EVs. Hyundai will add hybrid production lines at its dedicated EV plant in Georgia as demand rises. Hyundai Q1 2024 sales by region (Source: Hyundai) Overall, EVs accounted for 4.5% (vs 6.5% vs. 15.9%).

Hyundai 52
article thumbnail

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.

Hyundai 95
article thumbnail

2024 Hyundai Santa Fe Pricing Revealed

The Truth About Cars

Photo credit: Hyundai Hyundai announces the price range for the 2024 Santa Fe lineup, beginning at an entry-level price of $33,950. MSRP excludes freight charges, tax, title, and license fees. Freight charges and actual dealer prices may vary. The series is characterized by the standard inclusion of a 2.5L

Hyundai 98
article thumbnail

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.

Hyundai 52
article thumbnail

Hyundai undercuts Tesla Model 3 by $9,300 with 2024 IONIQ 6 special cash offer

Baua Electric

With a new special cash offer, the 2024 Hyundai IONIQ 6 can be significantly cheaper to buy than the upgraded Tesla Model 3 Highand. Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. It’s essentially like receiving the full EV tax credit with a new purchase. 305 $51,265 SE Dual Motor AWD 77.4

Hyundai 52
article thumbnail

2024 Hyundai Ioniq 6 undercuts Tesla Model 3 by more than $9,000

Baua Electric

New incentives can make the 2024 Hyundai Ioniq 6 much cheaper than the newly updated Tesla Model 3, according to CarsDirect. But for those purchasing rather than leasing, the rebate drops the Hyundai’s base price from $38,615 to $31,115. Hyundai already gave the Ioniq 6 a $4,100 price cut for 2024 , versus 2023.

Hyundai 52