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

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

The Hyundai Ioniq 5 will reportedly be the first car rolling out of the company’s new Georgia factory this fall. Moreover, company CEO Jose Muñoz tells Automotive News he expects the US-made version will net buyers the full $7,500 federal EV tax credit, which the South Korea-made vehicle isn’t otherwise eligible for (outside of a leasing loophole).

Hyundai will start producing the Ioniq 5 at the Georgia plant in October, but the company won’t be making batteries there for “about a year,” Automotive News writes. For now, the article says the company will source its batteries from a Hungarian factory operated by Hyundai’s partner for its Georgia battery production, SK On.

One important question, though, is whether or not the first...

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