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

Production of the US-made Ioniq 5 begins in October.

Moreover, company CEO Jose Muñoz tells AutomotiveNews 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). The company said in October last year that its cars will get Tesla Supercharger access in the fourth quarter of 2024, and that starting in the same period, all of its “new or refreshed” EVs will come with NACS charging ports. When asked, Hyundai representative Christopher Paukert referred The Verge back to that previous October announcement but declined to explicitly confirm whether the first US-made models off the line will definitely have NACS ports to start.

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