ArenaEV.com ArenaEV.com

Facebook

Twitter

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Hyundai to start manufacturing EVs in the US

  • Post your comment
  • Comments (4)

Max McDee, 23 August 2022

Hyundai

The new EV federal tax credit rules are pretty much straightforward - for a car to qualify for the $7,500 discount, the car needs to be made in the US or a country that the US has a free trade agreement with. On top of that, the battery used in an EV made in the USA has to be made from materials sourced from North America.

Hyundai will manufacture its EVs in the USA

It’s a huge deal for automakers and every one of them is scrambling for a solution. VW and Mercedes are securing battery deals with Canada but Hyundai takes it step further. The company had plans already in place to bring manufacturing to the US but not until 2025.

Hyundai will manufacture its EVs in the USA

Those plans are now moving forward quite a bit, according to a report from Yonhap News Agency. Hyundai planned to break ground on a new manufacturing facility in Georgia some time in early 2023, production was meant to start in 2025 with expected annual capacity of 300,000 vehicles.

Hyundai will manufacture its EVs in the USA

Due to the new tax credit rules affecting sales of electric Hyundais, the company is planning to bring the production forward to 2024 with the construction of a $5.5 billion factory to begin later this year. It makes sense for Hyundai to speed up its plans if it wants to stay competitive.

Hyundai will manufacture its EVs in the USA

Hyundai plans to sell nearly 2 million electric cars yearly by 2030 globally with 11 new models coming from the main brand and 6 luxury electric cars from Genesis. The Ioniq 5 has already won the hearts of the public and awards from official bodies, the Ioniq 6 took the world by storm. Next in line is the Ioniq 7, a large SUV that we should see unveiled some time next year and on the road by 2024.

Hyundai will manufacture its EVs in the USA

The new EV tax credit rules, despite actually being a good thing, have caused quite a lot of commotion. They cut its availability down to a couple of dozens of electric cars on sale in the US - we have a full list right here. And it appears to be achieving its goal rather well with major automakers bringing production to the USA.

Source

Related articles
  • Hyundai's Ioniq 6 gets final EPA range numbers, maxes out at 361 miles Hyundai's Ioniq 6 gets final EPA range numbers, maxes out at 361 miles
  • Tesla's Autopilot falls to seventh place, Ford's BlueCruise tops new driving assistance ranking Tesla's Autopilot falls to seventh place, Ford's BlueCruise tops new driving assistance ranking
  • Hyundai Ioniq 5 showcases the e-Corner Modules Hyundai Ioniq 5 showcases the e-Corner Modules
  • Nvidia's GeForce Now game streaming service is coming to an EV near you Nvidia's GeForce Now game streaming service is coming to an EV near you

Reader comments

?
  • Anonymous
  • yZR
  • 25 Aug 2022

meanwhile, could you just deliver those cars to Canada instead? Shorten that 2-year waiting list for Canadians...

  • Reply
  • Fearghast
  • 0Cs
  • 24 Aug 2022

I kinda dig the retro style of recent Hyundai, but TBH regular Staria looks much more consistent and nicer, even for something generally ugly as a van.

  • Reply
?
  • Anonymous
  • Scx
  • 23 Aug 2022

Cyberpunk theme intensifies...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 4

  • Home
  • News
  • Compare
  • Terms
  • Privacy
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelPolestar
    2 Performance
  • ModelDongFeng
    Seres 5
  • ModelCitroen
    e-C3
  • ModelVolvo
    XC40 Recharge Performance 82 kWh
  • ModelDongFeng
    Seres 3
  • ModelKia
    EV9 GT

Featured

  • How big is the “fuel tank” of an EV? How big is the “fuel tank” of an EV?
  • Volvo EX90 alternatives - Mercedes EQS SUV 580 and Tesla Model X LR+ Volvo EX90 alternatives - Mercedes EQS SUV 580 and Tesla Model X LR+
  • Xpeng P7 AWD quick review and drive Xpeng P7 AWD quick review and drive
  • Different types of electric motors used in EVs Different types of electric motors used in EVs
  • NIO ET7 quick review and drive NIO ET7 quick review and drive

Home News Compare Glossary About us RSS feed Facebook Twitter

© 2022-2023 ArenaEV.com Mobile version EV Finder Privacy Terms of use

From the team behind
GSMArena.com