Teslarati
OCTOBER 6, 2023
Kia EV9 reservation will start this month in North America. The South Korean automaker recently announced that North American customers may start reserving the three-row EV9 SUV on October 16, 2023, at 10 a.m. According to the Asian car manufacturer, the 2024 Kia EV9 will start at $54,900.
Teslarati
DECEMBER 29, 2022
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. 2023 Volkswagen ID.4.
Teslarati
APRIL 25, 2023
US battery guidance might slash IRA EV Tax credits Hyundai will use the cells to produce Hyundai, Kia, and Genesis EV models within the United States. Hyundai and SK On’s battery cell production facility would qualify its electric vehicles for some of the Inflation Reduction Act (IRA) EV tax incentives.
Teslarati
MAY 31, 2023
billion The parties agreed to produce EV batteries so Hyundai could accelerate its electrification efforts in North America. 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.
Teslarati
APRIL 29, 2023
The Tesla Model 3 now qualifies for the full $7,500 EV incentive thanks to a new loophole in the tax incentive system. Perhaps most notably, this includes vehicles like the Hyundai Ioniq 5 and Kia EV6, but this same trick can be extended to the base model Tesla Model 3, which currently only qualifies for half of the $7,500 EV incentive.
Teslarati
OCTOBER 3, 2022
Hyundai has reported record Q3 sales, mirroring its Kia sister brand. Hyundai/Kia continues to grow their sales in the US and are finding a lot of success in their electric vehicle offerings. Currently, customers looking to get a Federal EV tax credit cannot redeem it on a Hyundai vehicle because it is not assembled in the US.
Baua Electric
JANUARY 25, 2024
The company saw solid sales growth across key markets, including North America, Europe, and India. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Despite higher demand for its EVs, Hyundai is warning of “uncertainty in the business environment.”
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