Hyundai Ev Rebate

Meanwhile, Hyundai is still passing the $7,500 EV tax credit on through leasing. With leases starting as low as $199 per month, the new 2025 IONIQ 5 is still cheaper than a new Toyota RAV4. Our website uses cookies and other similar tracking technologies ("Cookies") to enable functionality, understand site performance, enhance our marketing efforts, and serve more relevant content and advertisements to you.

Some Cookies may collect personal information that is used in a way that is considered a Sale, Share, or Targeted Advertising as those terms are defined under applicable. Just weeks after General Motors (GM) announced that it would offer rebates of up to $7,500 on certain electric vehicle (EV) models, another automaker, Hyundai, has followed suit. Hyundai is also offering up to $7,500 in savings on three of its EV models: the Ioniq 5, the Ioniq 6, and the Kona Electric.

If you're interested in taking advantage of the savings, however, you'll have to act. New IRS guidance gives car buyers extra time to qualify for the EV tax credit before it ends Sept. 30.

Hyundai is offering a $7,500 discount on its electric cars for most buyers, with an additional $2,500 for those trading in a competitive car. Hyundai, aware of the potential market disadvantage the tax credits put them at compared to US-based EV brands, is stepping up with its own financial incentive to keep its electric cars competitive. The Hyundai Ioniq 5 Is Eligible For The $7,500 Federal Tax Credit Again Customers of the American-made EV won't have to go down the leasing route anymore to get the incentive.

to view info regarding the 2025 IONIQ 5 N vehicle charging benefit. Receive a $450 ChargePoint® credit or a complimentary Level 2 home charger. Hyundai Motor Group electric vehicles, including Kia and Genesis models, now qualify for the $7,500 EV tax credit for the first time.

In a rollercoaster turn of events, Hyundai and Kia EVs are expected to again qualify for the full $7,500 federal tax credit. With new models rolling out this year, the Korean auto giants expect.