Five Hyundai, Kia, and Genesis EV models qualify for a $7,500 tax credit, boosting their U.S. market appeal.

Five electric vehicle models from Hyundai, Kia, and Genesis are now eligible for a $7,500 U.S. tax credit under the Inflation Reduction Act, potentially boosting their market position in the U.S. This comes as Hyundai plans to open a new EV plant in Georgia, aiming to capitalize on the tax incentives. However, the future of the tax credit could be uncertain due to potential regulatory changes.

3 months ago
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