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.

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  • Urlik Rampage!
  • Zerofoo I know quite a few early 2000s Benz customers that became mid 2000s Lexus customers.
  • VoGhost This news, plus a $4K tax reduction make a used Bolt compelling.
  • Fred I bet the car companies spend a few million every year figuring out what to name their cars. The sad thing is except for some internet commenters, no one really cares. Worse it can tarnish the name forever, see Dodge Hornet
  • SCE to AUX Swinger, because commitment to names doesn't matter anymore. OK - it's not a 90s name, but some things never go out of style.