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.

Electric vehicles (EVs) from Hyundai Motor Group are now eligible for up to $7,500 (approximately 11 million won) in tax credits under the Inflation Reduction Act (IRA), marking the first time the South Korean automaker’s models have qualified for the program.

Hyundai Motor Group's five EV models will be subject to the U.S. tax credit program for EV purchases this year for the first time, industry sources said Thursday.

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

Hyundai Motor Group's five electric vehicle (EV) models will be subject to the U.S. tax credit program for EV purchases this year for the first time, industry sources said Thursday. According to the sources,