16 May 2023 | Abstracted from Market Watch
"Under the current rules of the Inflation Reduction Act, as it pertains to acquiring a new electric vehicle, for a vehicle to be eligible for the max $7,500 tax credit, it needs to undergo final assembly in North America."The way the Inflation Reduction Act is written, a leased vehicle qualifies for the tax credit. It's considered commercial because you're technically renting your vehicle from the bank that owns it."
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