Hyundai, Kia, Genesis EVs now qualify for the $7,500 US tax credit for the first time
Hyundai Motor Group electric vehicles, including Kia and Genesis models, now qualify for the $7,500 EV tax credit for the first time. The Korean auto giant now has five eligible EVs as it looks to play an even bigger role in the US.
After an impressive run in 2024, Hyundai has no plans to slow down as the US shifts to electric vehicles. The US Department of Energy announced five Hyundai EVs, including Kia and Genesis models, were among the 25 electric cars that qualify for the federal tax credit.
This is the first time since the Inflation Reduction Act (IRA) was passed in 2022 that the Korean automaker is eligible for tax benefits.
Hyundai just began production at its new Metaplant America (HMGMA) in October 2024, a massive new $7.6 billion EV manufacturing plant in Georgia. The company fast-tracked production, putting up the facility in two years to unlock the credit.
The first vehicle that rolled off the assembly line was Hyundai’s upgraded 2025 IONIQ 5 electric SUV. Shortly after, Hyundai launched mass production of its first three-row electric SUV, the IONIQ 9.
Hyundai, Kia, Genesis EVs qualify for the US tax credit
Hyundai’s new IONIQ 5 and IONIQ 9 were among the 25 EV models that qualify for the $7,500 US tax credit. Meanwhile, Kia is building its electric three-row EV9 and new 2025 EV6 at its West Point, GA plant, both of which now qualify for the benefit.
Genesis, Hyundai’s luxury brand, also made the list. The Genesis Electrified GV70 is built at Hyundai’s manufacturing plant in Montgomery, Alabama, which enables it to qualify.
With five EVs now eligible for the federal tax credit, Hyundai expects momentum to pick up in the US. Before, Hyundai and Kia only passed the $7,500 on through EV leases.
Through November, Hyundai and Kia sold over 112,500 EVs in 2024. However, the benefits could soon disappear with Trump’s transition team reportedly looking to “kill off” the EV tax credit.
Until then, Hyundai will enjoy a more level playing field in the US, one of its (if not the) most important sales markets.
To sweeten the deal, Hyundai is offering a free NACS adapter to unlock Tesla Superchargers for those who buy or lease a new EV right now. Current Hyundai owners (model-year 2024 and earlier IONIQ 5, IONIQ 6, Kona Electric, and IONIQ hatchback models) can request their adapter through the MyHyundai owner portal.
Hyundai’s new 2025 IONIQ 5, IONIQ 6, and Kona Electric models are eligible for the promotion. The upgraded IONIQ 5 features more range, features, and improved style. It even includes a native Tesla NACS port.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 |
The base 2024 IONIQ 5 SE RWD Standard Range model starts at $42,500 with up to 245 miles range. Starting at $46,550, the Long Range model provides up to 318 miles range, up from 303 miles in the outgoing model.
Hyundai is coming off a new US sales record in November after IONIQ 5 sales more than doubled. Will the tax credit boost sales further? The company is expected to release December and 2024 US sales figures soon, so stay tuned for more.
Are you ready to take advantage of the big savings while they are still available? We can help you get started. You can use the links below to find deals on Hyundai, Kia, and Genesis EV models at a dealer near you today.
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The BYD “Shenzhen” set sail on its first voyage overseas this week. With 9,200 parking spots, or about enough to fill 20 football fields, BYD’s new car transport ship is now the world’s largest.
BYD’s largest car carrier sets sail for Brazil
BYD’s Shenzhen is on its maiden voyage to Brazil after setting sail on April 27. The vessel is carrying over 7,000 new energy vehicles (NEVs), including electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs). It’s the largest single batch of NEVs exported from China so far.
The new vessel is BYD’s fourth car transport ship and the world’s largest, capable of carrying 9,000 vehicles. According to the company, that’s enough to fill about 20 football fields.
BYD launched its first car carrier, the Explorer No 1, in January 2024. It has already completed several trips to Germany, Spain, and Brazil.
Its second, the BYD Changzhou, set sail in December 2024, followed by the Hefei earlier this year. All three vessels can carry up to 7,000 vehicles, making the Shenzhen the largest so far.
The Shenzhen is named after the automaker’s hometown and demonstrates “BYD’s firm determination to promote sustainable development in Brazil.”
BYD is preparing to launch two more vessels, the Changsha and Xi’an. The Changsha is expected to launch soon, while the Xi’an was introduced on April 2.
The new car carriers will help accelerate BYD’s aggressive overseas expansion. In the first three months of 2025, the company sold over 206,000 NEVs overseas, more than double the number it sold last year.
BYD sells a wide range of vehicles in Brazil, including the low-cost Dolphin Mini, starting at around $20,000 (99,800 BRL). In October, it launched its first hybrid pickup truck, the Shark, starting at 379,800 BTL ($66,900).
Brazil is only one overseas market that BYD is targeting. BYD’s sales are expected to double in Europe in 2025, with significant growth in other key regions like Southeast Asia, Japan, Mexico, and South Korea, to name a few.
Source: BYD
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‘Tesla homes’ in a Houston neighborhood where all the homes have Tesla solar roofs and Powerwalls went for sale.
7 out of the 11 homes have reportedly already sold.
Tesla neighborhood is a term that is being used for new developments where all the homes integrate all or part of Tesla’s power ecosystem, including the Powerwall home battery pack.
The best example is a giant new development project in Austin, Texas, by Brookfield Asset Management and Dacra in which up to 12,000 new homes are to be built and offering Tesla solar roofs and Powerwalls.
However, since the announcement, it looks like only some of the homes in the new neighborhood have Tesla energy systems.
In 2022, Tesla also announced a similar project in Las Vegas.
A year later, the company claimed to have deployed “over 600 solar neighborhoods” worldwide, with a total capacity exceeding 100 MW.
One such ‘Tesla neighborhood’ is a small block of 11 townhouse homes featuring Tesla solar roofs and Powerwalls in Houston, Texas.
The homes were recently completed and went on sale, starting at $544,900.
Here are some pictures from the listings:
Utopia Homes, the developer behind the project, described the properties (via Chron):
Step into modern elegance expertly crafted by Utopia Homes. This property showcases groundbreaking Tesla Solar Roof Shingles and Power Wall technology, ensuring 100% energy security and eliminating electric bills for a truly sustainable lifestyle.
The house has proved popular according to the real estate agents, with 7 out of 11 homes already sold.
As we recently reported, Tesla’s solar roofs have proven to be a more expensive and niche product than the company previously presented.
Tesla has largely stopped discussing it, but it is still being deployed through some third-party installers, such as in this case, on new homes.
However, its Powerwall product remains a very popular solution for homeowners seeking greater energy independence and protection against outages, which have been a frequent problem in Texas.
More homeowners are turning to generators, and alternatives like home battery packs are gaining popularity.
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Canadian electric propulsion specialist Vision Marine continues to graduate beyond advanced outboard motors into a provider of all-electric boats. This month, Vision introduced two new electric pontoon boats – the 12-passenger V24 and 15-passenger V30, each capable of a range up to 90 nautical miles.
Vision Marine Technologies ($VMAR) is a Canadian technology company with over 25 years of experience in the marine industry. The company made waves (literally) by introducing its E-Motion turnkey powertrain system, which it has since integrated into a catamaran speedboat, which set a speed record of 109 mph in 2022.
Since then, Vision has introduced six hp two-cruiser vessels – the Fantail 217 and Volt 180, each capable of transporting 10 passengers via its E-Motion technology. Most recently, Vision Marine has integrated the full power of its 180 hp electric powertrain technology into two additional vessels, both electric pontoon boats.
Earlier this month, the company officially began sales of the Vision V24 and V30, which you can view below.
Vision Marine brings power and range to electric pontoons
According to Vision Marine Technologies, orders for its two new electric pontoon boats are now open, and they are touting the same E-Motion technology that put the company on the map a few years ago.
The first model is the V24, a 12-passenger electric pontoon that is 24′ 8″ in length and has 180 hp. The ultra-quiet E-Motion powertrain is powered by a standard 43 kWh marine battery pack, offering 40 nautical miles (46 miles) of all-electric range on a single charge. For added range, Vision sells a version of the electric pontoon with a second battery pack, totaling 86 kWh and delivering up to 90 nautical miles (104 miles) of range.
While the V24 offers more of a classic attempt at the pontoon boat, Vision’s additional new vessel, the all-electric V30, is a tad sportier and provides room for more passengers aboard (15). This 30′ vessel features the same E-Motion powertrain options, complete with the same two battery configurations to offer the same ranges as the V24.
However, the V30 has additional features such as 4 x 6.5″ interior speakers and cool-touch seats. Both models feature an integrated onboard charger that supports both 120- 240V (30 to 50 amps) for seamless charging, no matter the dock plug while moored.
The Vision V24 starts at $99,995 for the standard battery pack version, while the V30 starts at a higher price of $139,995. As previously mentioned, both electric pontoon boats are available to order today.
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