Despite falling short of their 2024 targets, Hyundai and Kia are pushing ahead into 2025 with ambitious goals amid increasing challenges.

South Korea's Hyundai Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% to 7.39 million vehicles in 2025, after reporting a dip in 2024 sales and missing their targets. The automakers,

Hyundai Motor Co., South Korea's leading automaker, said Friday its annual sales slipped 1.8 percent from a year earlier in 2024 due mainly to a decline in domestic demand. Hyundai Motor sold 4,141,791 units last year,

Several Hyundai and Kia EVs now qualify for the federal $7,500 tax credit for plug-in car purchases. They're already some of the best electric cars you can buy, and now cost even less. The rules around the EV tax credit were updated for January 1,

Five electric vehicles from Hyundai, Kia, and Genesis now qualify for the US’s $7,500 EV tax credit, Electrek reports. The new models include popular vehicles like the Hyundai Ioniq 5 crossover SUV and Kia EV9 three-row family hauler. Now, 25 EVs and plug-in hybrids across 10 brands qualify for the credit.

Hyundai Ioniq 5 and Genesis GV70 Electrified are officially eligible for the $7,500 federal tax credit at the point of sale for a purchase. Hyundai announced months ago that its refreshed Ioniq 5 would be built at its new “Metaplant America” in Georgia and claimed initial cars would be eligible for a $3,