Overview

• The 2025 Hyundai Ioniq 5 has regained full eligibility for the $7,500 federal EV tax credit as of late April 2025, following a four-month hiatus.
• The vehicle is built at Hyundai’s Metaplant in Georgia and now uses American-assembled battery packs from SK On’s Georgia facility, ensuring compliance with North American sourcing rules under the Inflation Reduction Act.
• During the eligibility gap, Hyundai offered a $7,500 discount on financed purchases and leveraged a leasing loophole to provide customers with equivalent savings.
• To qualify for the tax credit, buyers must meet adjusted gross income limits ($300,000 joint, $225,000 head of household, $150,000 individual) and purchase a vehicle with an MSRP under $80,000—all Ioniq 5 trims fall within this range.
• The 2025 Ioniq 5 offers a driving range of 245 to 318 miles across trims, with prices starting at $44,075 and topping out at $56,975 before applying the tax credit.