“Fewer than a dozen EVs qualify for the full $7,500 tax credit if purchased by a consumer. But all battery-powered models benefit from it if they’re leased, because in that case the IRA categorizes them as commercial vehicles. The lease option is an IRA loophole you could drive millions of electric vehicles through. International automakers lobbied for and secured it after fearing they’d be shut out of the IRA tax credits aimed at stimulating the nascent EV market in the US.”
OMG! This is #perfect to bypass the #Tesla! Instead lease a #better and more #stylish #EV from an #international #automaker! Plus, who wants to deal with selling a used EV with a dramatically depreciated value & worn out battery? Drive less, stay under the mileage caps, take care of your lease, rinse and repeat! You’ll still get the $7,500 #taxcredit! Voilà!