Hyundai Offers $7,500 Cash Bonus for EVs to Match US Tax Credits

  • Discounts offered on three vehicles through end of January
  • Korean carmaker planning to open automobile factory in Georgia

Hyundai Motor Co. will give as much as $7,500 in cash bonuses for electric-vehicle buyers in the US, seeking to keep its cars competitive with automakers qualifying for tax credits under President Joe Biden’s Inflation Reduction Act.

The discounts apply to the Ioniq 5, Ioniq 6 and Kona Electric, and the month-long incentive will last through Jan. 31, according to the Korean automaker’s website.

Read more at: https://www.bloomberg.com

Curated by Arun

Related articles:

  1. Mercedes Leverages YASA’s Axial Flux Motor for High-Performance EVs
  2. Walmart Shoppers Could Claim Up to $500 in Settlement Cash
  3. The EV tax credit is about to get better, and also harder to find | TechCrunch