The Hyundai IONIQ 5 has been a popular electric vehicle choice since its debut. For the 2025 model year, many car shoppers in Cicero, NY are wondering if this eco-friendly crossover will still be eligible for the federal electric vehicle tax credit. At Hyundai Cicero, we aim to keep our customers informed about the latest EV incentives and deals.
How the Federal EV Tax Credit Works
The federal government offers a tax credit of up to $7,500 for qualifying electric vehicles. This credit is designed to encourage adoption of zero-emission vehicles and reduce reliance on fossil fuels. To be eligible, EVs must meet certain criteria such as being manufactured in North America.
If you live in Syracuse, NY, you may be considering an electric vehicle for your next car purchase to take advantage of the federal tax credit while it lasts. However, the specific rules for the credit can change from year to year, so it's important to stay up to date.
Hyundai IONIQ 5 Federal Tax Credit Eligibility
Hyundai is still in the early stages of its EV sales, making it a perfect candidate for federal EV tax credit eligibility. Therefore, the 2025 Hyundai IONIQ 5 is expected to continue qualifying for the full $7,500 federal electric vehicle tax credit. Drivers in Watertown, NY can take advantage of this incentive to significantly lower the effective cost of purchasing a new Hyundai IONIQ 5.
In addition to the federal credit, there may be other state and local incentives available for buying an electric car. Those in Utica, NY should check with their local government to see what other rebates, tax credits, or perks may be offered for choosing an eco-friendly EV.
Learn More at Hyundai Cicero
If you have questions about the 2025 Hyundai IONIQ 5 or want to explore your EV options, visit us at Hyundai Cicero. Our knowledgeable team serves Fulton, NY and the surrounding area, and we're here to help you find the perfect electric vehicle for your needs. Stop by our dealership at 7820 Hogan Drive in Cicero, NY to experience the Hyundai IONIQ 5 for yourself and learn more about charging, range, and available incentives.
