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Dubai News Club > Tech > Hyundai’s first US-built EV will be the tax credit-ready Ioniq 5
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Hyundai’s first US-built EV will be the tax credit-ready Ioniq 5

Press Room
Last updated: 2024/06/02
Press Room
Published: June 2, 2024
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The Hyundai Ioniq 5 will reportedly be the first car rolling out of the company’s new Georgia factory this fall. Moreover, company CEO Jose Muñoz tells Automotive News he expects the US-made version will net buyers the full $7,500 federal EV tax credit, which the South Korea-made vehicle isn’t otherwise eligible for (outside of a leasing loophole).

Hyundai will start producing the Ioniq 5 at the Georgia plant in October, but the company won’t be making batteries there for “about a…

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