2024 Hyundai IONIQ 5 Deals, Incentives & Rebates

The Colorado Department of Revenue offers the Innovative Motor Vehicle Tax Credit, up to $3,500 for the purchase of an eligible new all-electric, plug-in hybrid, or hydrogen fuel cell electric vehicle. To qualify:

• Credit amount for a qualifying vehicle beginning on or after 1/1/2025 but prior to 1/1/2026: $3,500.
• MSRP of vehicle including manufacturer installed optional equipment must be $80,000 or less.
• Gross Vehicle Weight Rating must be 8,500 lbs. or less.
• Motor vehicle must be titled and registered in Colorado to qualify for the credit.
• The motor vehicle must be new and not previously titled or registered in any jurisdiction.

Additional information:

• If utilizing at point-of-sale, an additional credit of $600 is allowed if assigning the entire allowable credit to a financing entity or motor vehicle dealer. An administration fee up to $250 may apply and reduce the total credit to $3,850.

To learn more, visit https://energyoffice.colorado.gov/transportation/grants-incentives/electric-vehicle-tax-credits

The Colorado Department of Revenue offers the Innovative Motor Vehicle Tax Credit, up to $3,850 for the finance or lease of an eligible new all-electric, plug-in hybrid, or hydrogen fuel cell electric vehicle. To qualify:

• Credit amount for a qualifying vehicle beginning on or after 1/1/2025 but prior to 1/1/2026: $3,500.
• An additional credit of $600 is allowed if the purchaser or lessee assigns the entire allowable credit to a financing entity or motor vehicle dealer. An administration fee up to $250 may apply and reduce the total credit to $3,850.
• MSRP of vehicle including manufacturer installed optional equipment must be $80,000 or less.
• Gross Vehicle Weight Rating must be 8,500 lbs. or less.
• If leasing, agreement must be for an initial term of at least two years.
• Motor vehicle must be titled and registered in Colorado to qualify for the credit.
• The motor vehicle must be new and not previously titled or registered in any jurisdiction.

To learn more, visit https://energyoffice.colorado.gov/transportation/grants-incentives/electric-vehicle-tax-credits

The Vehicle Charging Benefit is an agreement between Hyundai Motor America and ChargePoint. This program gives customers who purchase or lease a new IONIQ 9 the option of choosing between receiving a coupon code for a Level 2 ChargePoint Home Flex EV charger ($549 value) or receiving a $400 credit for use at out-of-home ChargePoint charging stations. Either offer must be redeemed within 60 days of the lease or purchase contract date. If opting for the ChargePoint Home Flex EV charger, paid installation through Hyundai Home is required. Customers opting for the $400 charging credit will have two years from the date of redemption to use. Offer is non-transferable. See your participating dealer for details.