The 2025 Hyundai IONIQ 5 has acquired a number of upgrades, together with a sporty, rally-inspired XRT trim degree. However the greatest information for this Made-in-America car is that it’s now eligible for the total $7,500 federal EV tax credit score.
Beforehand, the 2025 IONIQ 5 was not listed as rebate-eligible by the EPA, although it had been assembled at Hyundai’s Georgia plant for a number of months. Nevertheless, with the most recent checklist replace launched on Might 1st, this electrical sizzling hatch has rejoined the ranks of automobiles eligible for federal incentives.
Whereas lease clients had entry to the motivation below sure circumstances, the up to date EPA checklist permits each money patrons and people making month-to-month funds to profit from the total federal tax credit score. To qualify, people will need to have an earnings of lower than $150,000, heads of households lower than $225,000, and married {couples} submitting collectively should earn lower than $300,000.
With the $7,500 tax credit score, the value of a brand new 2025 IONIQ 5 can vary from $36,575 to $49,475, effectively under the $80,000 federal MSRP restrict.
Along with this excellent news, Hyundai has introduced its participation within the One Lap of America occasion in collaboration with Grassroots Motorsports. Two veterans of the race, Andy Hollis and Tom Suddard, will compete in a inventory 601 hp 2025 IONIQ 5 N within the Various Fuels class.
Suddard expressed their pleasure concerning the race, saying, “After profitable our class in a gutted, caged race automobile final 12 months, we wished to compete this time in a car that’s quick, comfy for street journeys, and succesful on the racetrack. Electrification has made it attainable to have immense energy with out the same old compromises present in road automobiles, and the IONIQ 5 N combines that energy with the mandatory sturdiness for per week of racing.”
The One Lap of America is called one of many hardest street-legal motorsport occasions globally, that includes each newbie {and professional} drivers competing in varied inventory and modified automobiles throughout a number of timed challenges. Individuals will cowl hundreds of miles whereas proving the endurance of their automobiles and groups. This 12 months, 86 groups will have interaction in 17 scored occasions over eight days at tracks together with Virginia Worldwide Raceway and NCM Motorsports Park.
Because the Tire Rack One Lap of America continues, Hyundai’s progress will be tracked on-line. Share your ideas on this latest tax credit score improvement within the feedback.
Sources: Hyundai, One Lap of America; FuelEconomy.gov.
