Total change in the 00 US vehicle tax credit

Total change in the $7500 US vehicle tax credit

Buying a car doesn’t always have to mean spending a lot of money, especially if you’re looking for an electric car, and now that the move towards efficiency is so present in every place on the planet… Why are we telling you this? Because you can now buy an electric car and receive a $7,500 tax credit to make the transition much more comfortable for everyone. As you read, 2025 will allow you to change your car for $7,500 less! The United States wants to lead the market change and is offering its residents five electric vehicles with which they intend to revolutionize the market, and Hyundai, Kia and Genesis have managed to get some of their models to come with a little gift under the seat, a tax credit for those who dare to take a step to change the world. Stay tuned as we tell you which models qualify and how to claim this credit.

Why are they making these changes?

The U.S. Department of Energy has updated the list of vehicles that qualify for the Vehicle Tax Credit, and now these five models that we are going to tell you about below are included among the 25 available options, covering 10 different brands.

For the first time since the Inflation Reduction Act (IRA) was implemented in 2022, Hyundai Motor Group has positioned itself as a key player in the electric vehicle market in the United States!

Hyundai IONIQ 5 and IONIQ 9

The first novelty of this tax credit are these electric SUVs, designed especially for large families (it has three rows of seats) and manufactured at the Metaplant America plant in Georgia. Initially, Hyundai had to modify its production line so that they ended up being produced in Georgia, since the credit does not apply if they are produced outside of North America (Mexico, the US or Canada). So, these two vehicles (EV SUV IONIQ 5 and the IONIQ 9). If either of you have eyes, you already know that the tax credit will help you get it for a little less money.

KIA

From KIA, the two vehicles that make the list of eligible vehicles are the EV9 and the 2025 EV6, which are produced at KIA’s West Point, Georgia plant.

Genesis

The luxury segment also has its rider in this credit, and that is, the Genesis GV70 EV (assembled in Montgomery, Alabama) is now also added to the list of eligible vehicles

Will this credit continue with the change of government?

We still don’t know if this incentive will survive the political change that our country will experience starting this January, as far as we know now, Donald Trump has already promised to eliminate subsidies for EVs and hybrids (arguing that they distort the market…), but now, car manufacturers are campaigning hard to keep this incentive from being eliminated and drivers can switch to environmentally friendly vehicles.

For now, we’ll have to wait to see what Congress decides regarding this tax credit that not only helps people who are going to buy a vehicle, but is also generating jobs, thus strengthening the country’s economic base…

So, if you are interested in buying an electric vehicle and one of the ones mentioned catches your attention… don’t waste time and go for it!

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