Home cars US EV “loophole” subsidizes imports, has fueled leasing boom

US EV “loophole” subsidizes imports, has fueled leasing boom

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Inflation Reduction Act’s 45W, intended for commercial fleets, subsidizes EV leasing Up to $7,500 of federal money applies to EV leases regardless of their price or where they’re built That’s stoked a leasing boom that undercuts some of the original intent of the IRA If you seek a new luxury EV, or an EV made overseas, the payment math may point…

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