When leasing an EV, any tax credit savings come from the lessor (dealer or manufacturer) passing on the benefits, such as through reduced lease payments or sign-on incentives. However, there isn’t a specific list of EV models more likely to have the tax credit applied. Instead, it depends on whether the manufacturer or dealer chooses to pass on these savings to consumers. Here are some key points:
- Eligibility: The vehicle must be new, manufactured by a qualified manufacturer, and have an electric motor of at least 7kWh.
- Tax Credit Source: The Commercial Clean Vehicle Tax Credit (IRC 45W) is used for leased vehicles, categorizing them as “commercial vehicles,” which can receive the full federal clean vehicle credit without strict battery and sourcing requirements.
- Passing Credit Savings: Consumers may see savings in the form of a rebate or reduced lease price if the dealer decides to pass on the tax credit. It’s crucial to check with the manufacturer or dealer to see if they offer this benefit, as it can vary.
While specific models aren’t more likely to include tax credits, consumers should negotiate with dealers to ensure that if savings are available, they are applied to the lease. The offer to pass on credit savings can change over time, so frequent checks with the dealer or manufacturer are recommended.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-ev-models-that-are-more-likely-to-have-the-tax-credit-applied-to-the-lease-price/
