Senate Republicans have proposed a sweeping budget that would eliminate the electric vehicle (EV) leasing tax credit within 180 days, with immediate restrictions in place. This proposal, released by the Finance Committee, aims to cancel various tax credits for EV purchases, particularly affecting consumer savings on leases. The abrupt changes introduce significant uncertainty in the EV market, potentially hampering sales before the legislation is even finalized. The implications of these changes are significant, with experts warning that the impact on EV sales could be profound and immediate.
Ending the leasing credit could be devastating for EV sales going forward-perhaps even more so than terminating the long-running federal incentive for EV buyers.
As a consumer, if I want to go shopping this weekend for an EV lease, what am I looking for? It really creates a lot of consumer uncertainty.
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