"There's a reason why, for a lot of automakers, electric vehicle sales in the U.S. were up in the third quarter of 2025 and dropped significantly to close out the year. A federal tax credit that effectively shaved $7,500 off the price of most EVs came to an end last fall - something that led to a lot of interested buyers getting their purchases in under the wire."
"It's especially interesting to read this news in light of an article by Mack Hogan published earlier this month in Inside EVs. Hogan compared EV sales in the U.S. from two different corporate siblings: Hyundai and Kia, both parts of the Hyundai Motor Group. Hogan cited a decline in sales in Kia's EV6 and EV9. He pointed to a few reasons for this, including the loss of the tax credit and the effect of tariffs on Kia electric vehicles."
Federal EV tax credit expiration erased an effective $7,500 discount and contributed to a year-end sales decline after a third-quarter surge. Hyundai applied a $10,000 discount to all IONIQ 5 variants through a Getaway Sales Event, which can reduce the standard model's price to about $25,000 and retains a 245-mile range. Kia's EV6 and EV9 saw larger sales declines, attributed to the tax credit loss and tariffs affecting Kia vehicles. The IONIQ 5's strong visibility, positive reviews, and the new price reduction could sustain or increase buyer interest and on-road presence.
Read at InsideHook
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