After a short and confusing absence, the Hyundai Ioniq 5 is again entitled to the full tax credit of 7,500 US dollars – and this time it remains (at least for the time being). So what happened? Let us unpack the journey.
The IONIQ 5, a slim and technically experienced electrical frequency, initially made headlines for its design, but also for the built -up brand new metaplant from Hyundai in Georgia. This domestic assembly qualified for the EV tax credit as part of the Inflation Reduction Act (IRA), in which vehicles in North America must be manufactured with batteries from trade-friendly countries. But the IONIQ 5 disappeared from the list in early 2025. Why? Probably because of his battery, which still came from the Hungarian facility of SK on.
During this suspension there was the only way to maintain the incentive of 7,500 US dollars, to rent the vehicle -thanks to a legal gap that treats leasing -EVs as “commercial vehicles” and deals with the strict procurement requirements. Hyundai even occurred with his own discount of 7,500 US dollars for the financing or purchase of $ 7,500 and alleviated the blow.
But at the end of April 2025, the IONIQ 5 is officially again on the registration list of the EPA thanks to Hyundai, which switches the battery procurement to the US factory in Georgia. This means that buyers can now receive the tax credit in advance when buying – no rental contract.
Simply make sure that you qualify: your adapted gross income must fall below 300,000 USD (together), USD 225,000 (household executive board) or $ 150,000 (individual). In addition, the vehicle RRP must be less than 80,000 US dollars – which is not a problem, since the Ioniq 5 is between $ 44,075 and $ 56,975.
So if you have an eye on an IONIQ 5, there is now a great time to join.
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