Good News for Electric Vehicle Buyers
The 2025 Hyundai Ioniq 5 has made a triumphant return to the list of electric vehicles eligible for the $7,500 federal tax credit after an unexpected four-month absence. Built in the United States at Hyundai Motor’s Metaplant in Georgia, consumers can now enjoy the benefits of this credit when purchasing this popular electric crossover.
Understanding the Eligibility Criteria
Before rushing to make a purchase, it is essential to understand the eligibility criteria necessary for the federal tax credit. Buyers must ensure their adjusted gross income is below $300,000 for married couples filing jointly, less than $225,000 for heads of households, and under $150,000 for all other filers. Additionally, for crossovers and SUVs, the manufacturer’s suggested retail price (MSRP) must not exceed ,000, a threshold that all trim levels of the Ioniq 5 comfortably meet.
Pricing and Specifications
The 2025 Hyundai Ioniq 5 starts at ,075, inclusive of shipping, for the base SE Standard Range model with rear-wheel drive, boasting an EPA-rated driving range of 245 miles. The most expensive variant, the rugged Ioniq 5 XRT, offers a premium experience with a starting price of ,975 and a driving range of approximately 259 miles. With the $7,500 federal tax credit factored in, the effective purchase price of the Ioniq 5 ranges from $36,575 to $49,475, making it an attractive option for potential buyers.
