Connect with us

Hi, what are you looking for?

Tech News

Hyundai’s first US-built EV will be the tax credit-ready Ioniq 5

A picture of the Ioniq 5 driving on a roadway.
Image: Hyundai

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 year,” Automotive News writes. For now, the article says the company will source its batteries from a Hungarian factory operated by Hyundai’s partner for its Georgia battery production, SK On.

One important question, though, is whether or not the first…

Continue reading…

You May Also Like

Politics

Former President Donald Trump joins a growing list of world leaders convicted after leaving office, with many critics in the U.S. claiming that such...

Editor's Pick

Chris Edwards New York’s state and local governments appear to be incredibly bloated. New York State’s population is 10 percent less than Florida’s, yet...

Tech News

Illustration by Alex Castro / The Verge An upcoming version of Microsoft Phone Link lets you select and copy text from within images synced...

Tech News

Image: Jeep Spoiler alert. Continue reading…