Hyundai’s first US-built EV would be the tax credit-ready Ioniq 5

A picture of the Ioniq 5 driving on a roadway.
Picture: Hyundai

The Hyundai Ioniq 5 will reportedly be the primary automotive rolling out of the corporate’s new Georgia manufacturing facility this fall. Furthermore, firm CEO Jose Muñoz tells Automotive Information he expects the US-made model will internet consumers the total $7,500 federal EV tax credit score, which the South Korea-made car isn’t in any other case eligible for (outdoors of a leasing loophole).

Hyundai will begin producing the Ioniq 5 on the Georgia plant in October, however the firm received’t be making batteries there for “a few 12 months,” Automotive Information writes. For now, the article says the corporate will supply its batteries from a Hungarian manufacturing facility operated by Hyundai’s accomplice for its Georgia battery manufacturing, SK On.

One vital query, although, is whether or not or not the primary…

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