In a sudden reversal, Hyundai’s new IONIQ 5 and IONIQ 9 EVs not qualify for the $7,500 US tax credit score. Though it is a main blow to one of many top-selling EV manufacturers within the US, there’s nonetheless a manner you will get the credit score. Right here’s how.
Hyundai EVs lose US federal tax credit score in 2025
After setting one other new US retail gross sales file final 12 months, its fourth straight, Hyundai anticipated 2025 may very well be even greater.
“With thrilling new fashions just like the IONIQ 9 and elevated US manufacturing ramping up at our new Hyundai Motor Group Metaplant America in Georgia, I’m assured this momentum will proceed,” Hyundai Motor North America CEO Randy Parker mentioned.
Earlier this month, Hyundai introduced its new 2025 IONIQ 5 and IONIQ 9, each made within the US, certified for the $7,500 federal EV tax credit score.
This was important information as a result of it was the primary time Hyundai certified because the Inflation Discount Act (IRA) handed in 2022.
The upgraded 2025 IONIQ 5 and Hyundai’s three-row IONIQ 9 have been amongst 25 EVs that certified for the credit score in early January.
In keeping with the up to date listing from the Division of Vitality (DOE) final week, Hyundai not has eligible EV fashions. The one Hyundai Motor Group (together with Kia and Genesis) electrical vehicles that qualify are the 2025 Kia EV6 and 2026 Kia EV9. Genesis, Hyundai’s luxurious model, additionally misplaced eligibility.
Hyundai started manufacturing at its new $7.6 billion EV plant in Georgia in October. The brand new 2025 IONIQ 5 was the primary to roll off the meeting line, which will likely be joined by Hyundai’s three-row IONIQ 9.
Final 12 months, Hyundai mentioned it anticipated US-built fashions would qualify for a partial $3,750 credit score till its battery unit with SK On got here on-line, which was anticipated someday in 2025.
Kia builds the brand new 2025 EV6 and three-row EV9 at its West Level, GA plant, enabling it to nonetheless qualify for the credit score.
In the meantime, Hyundai remains to be passing the $7,500 EV tax credit score on via leasing. With leases beginning as little as $199 per thirty days, the brand new 2025 IONIQ 5 remains to be cheaper than a brand new Toyota RAV4.
With an even bigger 84 kWh battery, the 2025 IONIQ 5 has a driving vary of as much as 328 miles, up from 303 miles within the outgoing mannequin, which had a 77.4 kWh battery. It additionally positive factors noticeable design upgrades and now consists of an NACS port for charging at Tesla Superchargers.
The IONIQ 5 was already the fourth-top-selling electrical car within the US final 12 months. With extra vary, an upgraded design, and a Tesla NACS port, it is going to be much more engaging in 2025.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Vary (miles) | Beginning Worth* |
| IONIQ 5 SE RWD Normal Vary | 168-horsepower rear motor | 245 | $42,500 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 |
| IONIQ 5 Restricted RWD | 225-horsepower rear motor | 318 | $54,200 |
| IONIQ 5 SE Twin Motor AWD | 320-horsepower twin motor | 290 | $50,050 |
| IONIQ 5 SEL Twin Motor AWD | 320-horsepower twin motor | 290 | $53,000 |
| IONIQ 5 XRT Twin Motor AWD | 320 horsepower twin motor | 259 | $55,400 |
| IONIQ 5 Restricted Twin Motor AWD | 320-horsepower twin motor | 269 | $58,100 |
Hyundai launched a brand new promo final week. It presents those that purchase or lease the brand new 2025 IONIQ 5 a free ChargePoint Stage 2 EV charger. Alternatively, you possibly can select a $400 charging credit score.
Are you prepared to check Hyundai’s new electrical autos for your self? We will help you get began. Try our hyperlinks beneath to search out offers on Hyundai, Kia, and Genesis EVs at a vendor close to you right this moment.
FTC: We use revenue incomes auto affiliate hyperlinks. Extra.
