Several studies indicate that despite higher upfront costs, electric vehicles (EVs) can save owners thousands over time due to lower operating costs.
The average new electric vehicle costs $56,351, which is substantially higher than the gas-powered car average of $48,397, yet buyers can offset this with federal tax credits.
The recent federal EV tax credit can reduce the purchase price by up to $7,500, helping to close the gap between EVs and traditional vehicles.
Leasing vehicles allows all electric models to qualify for the $7,500 tax credit, which leasing companies often pass on to customers as reduced monthly payments.
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