Electric vehicles from Hyundai and Kia have qualified for a $7,500 clean energy tax break. But is the popular tax credit on its way out?

Five electric vehicles from Hyundai, Kia, and Genesis now qualify for the US’s $7,500 EV tax credit, Electrek reports. The new models include popular vehicles like the Hyundai Ioniq 5 crossover SUV and Kia EV9 three-row family hauler. Now, 25 EVs and plug-in hybrids across 10 brands qualify for the credit.

Hyundai, Kia, and Genesis electric vehicles join the list of $7,500 US tax credit qualifiers for the first time. This significant boost aligns with Hyundais rapid US expansion through local manufacturing and advanced

Despite falling short of their 2024 targets, Hyundai and Kia are pushing ahead into 2025 with ambitious goals amid increasing challenges.

South Korea's Hyundai Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% in 2025, after reporting falls in 2024 sales and missing their targets. The automakers, which together rank third in global vehicle sales,

Kia has reported record global sales of 30,89,457 vehicles in 2024, a 0.1 percent increase from 2023. Overseas sales increased by one percent, while Korean sales dropped by 4.2 percent. The Sportage was the top-selling model,