Leased EVs Now Eligible for Tax Credits

According to the IRS, you no longer need to buy an electric vehicle to qualify for the EV tax credit: You can lease instead! Just before the end of last year, the agency ruled that leasing companies may claim a $7,500 “clean vehicles credit” for commercial units purchased to lease to consumers.

Be sure to learn about the guidelines and eligibility requirements—click here to read John O’Dell’s article for Forbes.