Hyundai, Kia EVs qualify for US subsidies for 1st time

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Hyundai, Kia EVs qualify for US subsidies for 1st time - Korea Economic Daily

Quick Summary:

Hyundai Motor launched the mass production of the IONIQ 5 crossover and the IONIQ 9, its first large electric sport utility vehicle (SUV), at Hyundai Motor Group Metaplant America LLC (HMGMA) at the end of 2024.

Five electric vehicle models of Hyundai Motor Group, encompassing Kia Corp., were included in the 25 EV models qualifying for the US tax credits in 2025 under the US Inflation Reduction Act (IRA), according to the US Department of Energy on Wednesday.

Excluding Hyundai and Honda Motor, the other vehicles are made by American brands such as Tesla, Ford Motor, Cadillac, Chevrolet and Chrysler.