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-0.00195612686879965 -0.000978063434399914 0.00301403221621197 0.00401205612886489 0.00501008004151782 0.0125551408211741 0.00501008004151782 0.00824367751851346
Stock impact report

Hyundai Makes The EV Transition A Bit Cheaper With Free Home Chargers [Forbes]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Forbes
The IRA tax credits are limited to vehicles assembled in North America with at least 40% of the battery content coming from North America or US free trade partners. Among those impacted is Hyundai Motor Group which currently builds most of its EVs in South Korea except for the Genesis GV70 Electrified. Hyundai is now taking away some of the price premium for its EVs by covering some of the cost of getting set up for home charging. Customers that purchase the Hyundai Ioniq 5, Ioniq 6 or Kona Electric by October 31, will get a free Chargepoint Home Flex level 2 charger and $600 toward installation. The Home Flex Charger will deliver up to 9.6 kW when used with a 240V outlet or 12 kW with a hardwired installation. It includes a smartphone app to manage charging at home and also access public Chargepoint sessions. Even though Hyundai's Ioniq EVs charge exceptionally fast on 350-kW DC fast chargers (when the chargers actually work), charging at home is still the most economical if its Show less Read more
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