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 means 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 document final yr, its fourth straight, Hyundai anticipated 2025 might be even larger.
“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 vital information as a result of it was the primary time Hyundai certified for the reason that 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.
Based on the up to date listing from the Division of Power (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 yr, 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 by means of leasing. With leases beginning as little as $199 monthly, 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 aspects 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 automobile within the US final yr. With extra vary, an upgraded design, and a Tesla NACS port, it will likely be much more enticing in 2025.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Vary (miles) | Beginning Worth* |
| IONIQ 5 SE RWD Commonplace 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 provides those that purchase or lease the brand new 2025 IONIQ 5 a free ChargePoint Degree 2 EV charger. Alternatively, you may 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. Take a look at our hyperlinks under to search out offers on Hyundai, Kia, and Genesis EVs at a supplier close to you as we speak.
