EV tax credit

Discover Kia's entry into the electric SUV market with the EV9. Despite positive reviews, the vehicle's foreign manufacturing location puts it at a price disadvantage. However, Kia has announced that it is now building the EV9 in Georgia, making it eligible for a portion of the federal tax credit. Learn more about the competitive set, pricing, and the potential for future electric vehicle production in Georgia.

Loosened Electric Vehicle Tax Credit Rules Aim to Boost EV Adoption | The U.S. government has announced new regulations for electric vehicle (EV) tax credits, providing benefits for new and used EV buyers. These credits, ranging from ,750 to ,500, aim to stimulate demand for EVs and support President Biden's goal of achieving a 50% share of electric vehicle sales by 2030. The rules now allow buyers to access the credits at the time of purchase, rather than waiting for an income tax refund. However, qualification depends on factors such as income, vehicle price, and battery composition. The new regulations also promote the development of a domestic EV supply chain and reduce reliance on countries such as China for critical minerals