Hyundai Ioniq 5 Reinstated for Full $7,500 EV Tax Credit

The Hyundai IONIQ 5 has regained eligibility for the full $7,500 federal EV tax credit in the U.S., making it more accessible to buyers and lowering its effective price. Real-world use cases, such as a South Korean owner driving over 360,000 miles (580,000 km) on the original battery with minimal degradation, demonstrate the IONIQ 5’s durability and cost savings on fuel, challenging concerns about EV battery longevity and reliability. Hyundai's latest upgrades include a rally-inspired XRT trim and the IONIQ 5 N’s participation in motorsport events, highlighting the model's performance capabilities. Research by Hyundai-Kia into high-mileage vehicles like the IONIQ 5 further underscores advancements in battery technology, particularly in handling extensive fast charging without significant degradation. These developments collectively strengthen the IONIQ 5’s market position and address common reservations about electric vehicles.