Hyundai Motor Co. (OTC:HYMTF) is offering up to $7,500 in cash bonuses for American buyers of its electric vehicles (EVs) in a bid to catch up to players, including Tesla Inc (NASDAQ:TSLA), whose select vehicles qualify for a federal tax credit in the same amount. This month-long scheme will be in effect until January 31, 2024. What Happened: The cash discounts will apply to Hyundai’s Ioniq 5, Ioniq 6, and Kona Electric models, Bloomberg reported. The company’s EVs are not currently eligible for tax credit under President Joe Biden’s Inflation Reduction Act (IRA). As per recent data compiled b…