Recent changes to federal regulations deemed certain electric vehicles (EVs) no longer eligible for the full $7,500 tax credit. The good news is that a loophole has been spotted, restoring eligibility to nearly any EV, regardless of its maker. This means that even if you opt for an electric car from Tesla or other automakers, you can still benefit from the tax credit.
The trick lies in how you buy your EV – opting for a lease agreement instead of purchasing it directly gives you access to the full $7,500 tax credit. As CNET reports, those who opt for leasing will get access to the full amount without having further restrictions applied to them.
This loophole further highlights the benefits of owning an electric car – aside from the obvious environmental and financial perks, you now have access to a tax credit that can reduce your purchase price by as much as $7,500. This is an excellent way of getting more people into electric vehicles, helping them save money while reducing their carbon footprint.
The full $7,500 tax credit makes electric vehicles more accessible to people who may not have considered buying one before. With this loophole in place, electric cars are now more affordable than ever before – so don’t miss out on this opportunity.
Conclusion
In conclusion, leasing an EV could be a great option for those looking to take advantage of the full $7,500 tax credit. Whether you decide to go for Tesla or another automaker’s model, this loophole provides a clear path towards reaping all the benefits that come with owning an electric vehicle.
If you’re considering buying an EV, make sure to look into leasing it – you could be eligible for the full $7,500 tax credit and save big on your purchase. It’s worth a try!
Happy driving!
