$7,500 Federal EV Tax Credit: Hyundai’s Ioniq 5 to Roll Off the Line in Georgia – But Charging Port Uncertainty Remains!

According to the published article of The Vegre, this fall, Hyundai’s new factory in Georgia will start making the Hyundai Ioniq 5. CEO Jose Muñoz says the US-made Ioniq 5 will likely get the full $7,500 federal EV tax credit, which the version made in South Korea doesn’t qualify for. Production will begin in October, but the factory won’t start making batteries until next year. For now, the batteries will come from a factory in Hungary run by Hyundai’s partner, SK On.

There’s a question about whether the first US-made Ioniq 5s will have the North American Charging Standard (NACS) ports, which are becoming common in US electric cars. Hyundai said last year that its cars will access Tesla Superchargers by the end of 2024 and that all new models from that time will have NACS ports. However, because the timeframe covers October to December, some early cars might still have the older Combined Charging System (CCS) ports.

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$7,500 Federal EV Tax Credit: Hyundai’s Ioniq 5 to Roll Off the Line in Georgia – But Charging Port Uncertainty Remains! (PHOTO: Electrek)

Hyundai’s New Georgia Factory Launches Ioniq 5 with Potential EV Tax Credits Amid Uncertainty Over NACS Ports

Furthermore, Hyundai spokesperson Christopher Paukert referred back to the earlier announcement and didn’t confirm if the first cars made in Georgia will have NACS ports. This leaves some uncertainty for early buyers, but the new factory and expected EV tax credits are positive steps for Hyundai’s entry into the US electric vehicle market.

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