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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

As we enter the age of the electric car, federal and state governments have created a variety of programs , rebates, and grants to incentivize drivers to make the switch to zero-emission vehicles. Two sections of the law, 30D and 45W, detail individual tax credits and commercial tax credits, respectively.

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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

The company saw solid sales growth across key markets, including North America, Europe, and India. Hyundai expects to sell around 300,000 electric cars in 2024, or about 12% growth from last year. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit.

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Here’s every electric vehicle that currently qualifies for the US federal tax credit in 2024

Baua Electric

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. However, there additional restrictions were added along with new tax credit funding.

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Road Test: 2024 Nissan Leaf SV Plus EV

Clean Fleet Report

Not head-snapping, but certainly a rewarding sensation which only an electric car can provide, and plenty fast enough to merge into freeway traffic. Contact your tax advisor before considering a Leaf purchase so you are completely clear on the tax credits and rebates. We guarantee they will be pleased to see you.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The philosophy of quality and expectations need to be met, as Genesis is an unknown entity to much of the car buying public. This extends into the dealerships–there are three stand-alone Genesis dealers in the country with many more coming on-line in 2023–where they engage customers with immersion and education.

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