Last year, 43 electrified models qualified for the federal tax credit, but this year only about 20 models qualify due to updated regulations.
If you're scanning the market for a non-Tesla electric car, now might be the right moment to delve deeper. According to a recent study by the automotive research website iSeeCars, six out of the 20 new cars on the market priced either below or near the MSRP are battery electric vehicles. Models like the Hyundai Ioniq 5 and the Kia EV6, which fared exceptionally in InsideEVs reviews, are going for 1.9% and 2.
Hyundai is even offering a $7,500 retail cash bonus on the Ioniq 5, Ioniq 6, and the Kona Electric till the end of February 2024. These models have lost credit eligibility but Hyundai is offering discounts to remain competitive. “While finding a discount on a new vehicle remains a challenge, it’s much easier for EV, large truck, and SUV shoppers,” said Karl Brauer, an executive analyst at iSeeCars.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hyundai and Kia to Release High-Performance EV Successor to StingerThe Hyundai and Kia Group continue to unveil new models based on their highly successful e-GMP platform. However, the automaker's brands are already planning their next-generation vehicles, as indicated by an allegedly leaked union production schedule. For Kia, that will start with a high-performance successor to the Stinger, code-named GT1, and referred to as the EV8, though the name has not been confirmed yet. The sports sedan is expected to be based on the group's next-generation EV architecture. Around mid-2023, Hyundai previewed the platform under the name Integrated Modular Platform (IMA), but in these documents, it is simply referred to as the eM platform. It's anticipated to debut with the new Genesis GV90 in 2025, following which Hyundai and Kia will release their own models based on the architecture. Illustrations Josh Byrnes / Carscoops Several specifications relating to platform and, specifically, Kia's replacement for the Stinger were revealed thanks to the reportedly leaked document found by the Korean Car Blog
Read more »
Hyundai's N Brand and the Evolution of Hot HatchesHyundai's N brand has come a long way in a short time, but it owes much to where it all started... and Ioniq 5 N, expectations are very high when Hyundai launches a new hot hatch.
Read more »
Chrysler Halcyon Concept, Kia EV8: Car News HeadlinesA taste of Chrysler's future, an electric Stinger replacement, and Audi's updated S3 all made headlines today.
Read more »
10 features in the Kia EV9 that make you go 'wow'Get in-depth info on the 2024 Kia EV9 including prices, specs, reviews, options, safety and reliability ratings.
Read more »
Kia planning an EV8 to replace defunct Stinger | Car NewsKia is preparing an electric sedan that would take the name EV8, according to a document discovered in South Korea. Auto123 has the details.
Read more »
Car thefts in King, Pierce counties dip following arrests of ‘Kia Boyz’ across regionWashington state has seen a dip in monthly car thefts, and authorities are crediting “several key arrests” of so-called “Kia Boyz.”
Read more »