Hyundai Taking Advantage Of EV Tax Credit Loophole via insideevs.com
Hyundai Motor Co. is doing everything it can to take advantage of a loophole in the Biden Administration's new US federal EV tax credit. The rule is allowing Hyundai to ensure, at least temporarily, that its EVs remain competitive in the US by being eligible for the full $7,500 credit.has a number of strict rules that make most EVs ineligible, though many of those official rules haven't gone into place yet.
ineligible since its electric cars are all built in South Korea, the automaker can take the credit and apply it to the lease deal and pass the saving on to its customers.
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