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Luxury EV leases are already tapping into $7,500 EV tax credit

By greencarreports.com 01/23/2023 - 14:00 01/23/2023 Greencarreports

New federal EV tax credit rules have set price caps that are narrowing the field of qualifying EVs, but a leasing loophole is already opening up a much wider field eligible for federal subsidies. The Inflation Reduction Act (IRA) re-upped the federal EV tax credit of up to $7,500 for qualifying vehicles. It added price caps of $55,000 for cars and… More…