By delivering an efficient, eco-friendly driving experience, eliminating refueling stops, and boasting fewer maintenance needs than traditional gas-powered vehicles, it’s easy to see why EVs have skyrocketed in popularity in recent years. What’s more, EV financial incentives may be available to help make your next Doral or Hialeah ride more affordable. But does Hyundai qualify for an EV tax credit? If so, what Hyundai vehicles qualify for an EV tax credit? Below, Doral Hyundai answers these questions and more.
So, does Hyundai qualify for the EV tax credit offered by the federal government? As of this writing, no new Hyundai electric vehicles are eligible for federal tax rebates. This is because the EVs in the automaker’s lineup do not meet the eligibility requirements for the federal tax credit, as they are not assembled in North America.
However, while there are no specific Hyundai EV tax credits for new electric vehicles, the automaker has significantly lowered the price of three of its popular EVs:
Also, some dealerships may choose to claim a commercial EV credit, and then pass those savings along to customers looking to lease an eligible Hyundai vehicle. Contact us for more information.
You should also keep in mind that local municipalities and electric companies may provide EV savings opportunities as well. For instance, Florida Power & Light’s FPL EVolution® Home program grants discounts for the permitting, installation, and maintenance of a Level 2 home EV charger. Learn more on the program’s website.
You may be able to claim a Hyundai EV tax credit for select used EVs in the automaker’s family of vehicles. Certain EVs and PHEVs purchased on or after January 1, 2023, may be eligible for a federal tax credit equal to 30% of the sale price, up to a maximum of $4,000.
Given the incentives available for pre-owned alternative fuel vehicles, what Hyundai models qualify for this EV tax credit? Here is the full list of eligible options for the used Hyundai EV tax credit:
Revolutionize every drive in Doral and beyond at the wheel of your next EV. Check out our current inventory, then contact us or visit the showroom so we can set you up with a test drive. Until then, take a look at our electric vehicle education hub to explore the EV lifestyle. Once you experience a Hyundai EV, we know you’ll want to drive home in one of your own.
