Electric vehicles (EVs) have been gaining popularity due to their eco-friendly nature and cost-saving benefits. And now, Hyundai and Kia EVs are becoming even more attractive with the addition of the federal $7,500 tax credit for plug-in car purchases. These South Korean automakers have already established themselves as top contenders in the EV market, offering fast charging speeds, impressive range, and stylish designs.
The updated rules around the EV tax credit, effective from January 1, have expanded the list of qualifying models. Hyundai and Kia’s EVs now meet the criteria for the tax credit as they have started producing EVs domestically. This development is a significant win for EV shoppers, as it means that some of the best electric cars in the market are now available at a reduced cost.
Among the newly eligible models are the 2025 Hyundai Ioniq 5, 2025 Hyundai Ioniq 9, 2026 Kia EV6, and 2026 Kia EV9. Additionally, the 2025 Electrified Genesis GV70 from the Hyundai Motor Group also qualifies for the tax credit. These models offer a range of options, from crossover SUVs to luxury vehicles, catering to different preferences and needs.
One standout feature of these Hyundai and Kia EVs is their compatibility with Tesla-designed charging ports, making them some of the first non-Tesla vehicles to access Tesla Superchargers without the need for an adapter. This convenience adds to the appeal of these electric vehicles, providing users with more flexibility and ease of charging.
While some models, like Rivian vehicles, have been excluded from the list of qualifying EVs due to stricter rules around battery sourcing, other notable models, such as the Tesla Cybertruck, now qualify for the tax credit. EV enthusiasts can explore the full list of eligible EVs and plug-in hybrids to make informed decisions about their next purchase.
Overall, the availability of the federal tax credit for Hyundai and Kia EVs is a game-changer in the electric vehicle market. With top-notch features, affordability, and sustainability, these EVs are setting a new standard for eco-friendly transportation. Interested buyers can take advantage of this opportunity to invest in high-quality electric vehicles that not only benefit the environment but also offer long-term cost savings.