Hyundai, Kia, and Genesis EVs Now Qualify for $7,500 Tax Credit

In 2025, a few cars will qualify for the $7,500 US tax credit. Hyundai, Kia, Genesis EVs now qualify for the $7,500 US tax credit, and several models from these brands are eligible for this benefit.

It makes it easier for people to buy an EV. The government of the United States offers this credit to help reduce the cost of electric vehicles. This blog will cover which cars qualify, their features, and how to get the most out of this tax credit.

Why These EVs Qualify For The Tax Credit?

Hyundai, Kia, Genesis EVs now qualify for the $7,500 US tax credit because they meet the standards required by the US government. Hyundai has invested in a new plant in Georgia to build these EVs, which helps meet the requirements.

The eligibility comes after the IRA or the Inflation Reduction Act that got passed in 2022. This plant allows Hyundai to produce more electric cars and compete better in the US market.

The Hyundai, Kia, And Genesis EVs That Qualify:

Several models from Hyundai, Kia, Genesis EVs now qualify for the US tax credit. Let’s take a look at some of the cars that are eligible and their main features.

Kia EV9

The Kia EV9 is a larger electric SUV with three rows of seats, ideal for families. It has a spacious interior, great performance, and a stylish design.

Genesis Electrified GV70

Genesis, Hyundai’s luxury brand, offers the Electrified GV70, a luxury electric SUV. This model provides a smooth and premium driving experience. The GV70 is built in Alabama, allowing it to qualify for the tax credit.

Hyundai IONIQ 5

The Hyundai IONIQ 5 is a popular electric SUV starting at $42,500. It offers a driving range of up to 318 miles, depending on the model. It combines modern design and technology for a comfortable driving experience.

What Is The $7,500 Tax Credit?

The Hyundai, Kia, Genesis EVs now qualify for the $7,500 US tax credit is a federal incentive to make electric vehicles more affordable. The credit helps reduce the upfront cost of the car, making EVs more accessible to a larger number of people. Buyers can get this credit when purchasing or leasing an eligible electric vehicle.

It is part of the US government’s push to encourage cleaner and more sustainable energy options.

Common Concerns About Buying EVs

Some people are still unsure about switching to an electric car. Hyundai has worked to address these worries. Common concerns include charging options, the cost of owning an EV, and how long the car lasts.

Plus, owning an electric vehicle can save money on gas and maintenance in the long run. For example, the company offers access to Tesla’s charging network, which makes finding a charging station easier.

Pricing And Range Of Hyundai EVs

The 2025 Hyundai IONIQ 5 comes in several versions, each with different prices and ranges. Here is an overview:

• IONIQ 5 Limited AWD: $58,100 (269 miles of range)
• IONIQ 5 SE RWD Long Range: $46,550 (318 miles of range)
• IONIQ 5 SE RWD Standard Range: $42,500 (245 miles of range)

Hyundai offers various options, so you can choose the one that best fits your driving needs and budget.

Other Perks Of Buying A Hyundai EV

In addition to the $7,500 tax credit, Hyundai offers an extra benefit for buyers. The adapter allows the vehicle to be charged at Tesla Supercharger stations, giving owners more convenience when traveling.

Those who purchase or lease a new Hyundai EV will receive a free adapter. Current Hyundai EV owners can also get this adapter by requesting it through the My Hyundai portal.

Conclusion:

Due to the $7,500 tax credit, now is a great time to buy a Hyundai, Kia, Genesis EVs now qualify for the $7,500 US tax credit. The extra benefit of free access to Tesla Superchargers makes these EVs even more convenient.

The range of cars available means there’s an option for everyone, from families to luxury buyers. If you’ve been thinking about switching to an electric car, these options are worth considering.