When Hyundai's new EV 'Metaplant' opens this fall, the Ioniq 5 will be the first car off the line. It's Hyundai's best-selling EV, so an exec calls the move a 'no-brainer.'
.Hyundai is opening its electric-car 'Metaplant' in Georgia this year, with on-site battery production and capacity to build up to 300,000 vehicles. Now we know that the first vehicle produced there will be the Hyundai Ioniq 5. 'It absolutely is the bestseller,' Hyundai U.S. CEO Jose Muñoz told Automotive News. 'So I think it is a no-brainer that it needs to be that one.' Get Fully Charged The Revised Tax Credit Incentivizes U.S.
-market examples are built in South Korea, making it ineligible for the federal EV tax credit when purchased. People who lease Ioniq 5s can still take advantage of the $7,500 credit—resulting in some great deals—but purchasers have to rely on Hyundai's heavy incentives to drive the price down.
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