#evleases
Report: Almost Half of America's New EV Sales Are Leases
The rules around federal EV tax credits changed at the beginning of this year, making it more difficult for vehicles to qualify. Even so, buyers can get around the rules by leasing an EV, which opens the door to the full $7,500 credit regardless of the model. That loophole has driven an explosion in EV leases, with recent data showing that almost half of new electric models in the U.S. are leased.
Chris Teague
Aug 26, 2024
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