Only certain vehicles qualify for the credit. To be eligible, they must cost less than $55,000 for cars and $80,000 for trucks and SUVs.
Leasing allows drivers to dodge one of the great disadvantages of buying EVs right now: depreciation. EVs are depreciating more quickly than gas-powered vehicles.
Lease options provide a way to access subsidized EVs without some of the complex restrictions, as fleet owners can benefit from the credits without meeting criteria.
If this sounds confusing, and it is, the Department of Energy has a website that buyers can use to figure out specific make and model eligibility.
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