US EditionTesla increases lease prices as US EV tax credit expires
Tesla increased U.S. lease prices for Model Y and Model 3 after the federal $7,500 EV tax credit expired, with lease rates rising up to $599 and $759 monthly.
- The New Clean Vehicle Credit ended, removing federal credits of up to $7,500 for new EVs and $4,000 for used EVs; dealerships can no longer apply point-of-sale claims.
- Legislative changes tied the credit to domestic-sourcing and eligibility rules, creating buyer confusion after the Inflation Reduction Act expanded it.
- Consumers rushed to buy EVs in August, producing record sales with 146,332 all-electric cars sold, up nearly 18% year over year, and used EV sales hitting nearly 41,000 units.
- Economists warn the loss of credits could cut EV sales sharply, with economists Joseph Shapiro, Felix Tintelnot, and Hunt Allcott predicting a 27% drop; major automakers and dealers are launching lease and financing programs to maintain a $7,500 incentive.
- Longer term, the industry must cut costs and produce truly affordable EVs around $30,000 as China, with 1 million EVs in 2024, intensifies global competition.
31 Articles
31 Articles
Will Tesla thrive without the EV tax credit? Five reasons why they might
The $7,500 EV tax credit has officially expired, as it came to its closure at midnight on September 30. Many are wondering what will happen to the EV makers in the United States that had a huge competitive advantage over their competitors, a $7,500 discount that could be applied at the point of sale. Tesla stands to thrive from the lack of tax credit, and although it is hard to believe, brighter days could be ahead for the company, starting with…
Leasing a Tesla just got more expensive
Tesla has increased the leasing price of its vehicles in the US following the expiration of the EV tax credit.MediaNews Group/Orange County Register via Getty Images/MediaNews Group via Getty ImagesThe electric vehicle tax credit expired this week as a result of Trump's One Big Beautiful Bill Act.Now, Tesla is increasing lease prices on US models.Tesla CEO Elon Musk had loudly opposed the spending bill as Republicans worked on it this summer.If …
Marked by success, controversy, EV tax credit ends after a 17-year run
By Grant Schwab, The Detroit News WASHINGTON — The EV tax credit dies today. But its story doesn’t necessarily end here. The $7,500 federal incentive, which had two main iterations over an almost 17-year run, was designed to encourage the production and purchase of electric vehicles in the United States. It expires after the calendar flips past Tuesday thanks to legislation enacted this year by GOP lawmakers and President Donald Trump. “You were…
Tesla quarterly deliveries set for boost from expiring EV credit in US
By Akash Sriram (Reuters) -Tesla is set to report its strongest quarter of the year on Thursday thanks to a U.S. rush to secure a $7,500 EV tax credit that expired earlier this week, but analysts expect the boost to be short-lived and European weakness to persist. The quarterly tally will help gauge how far U.S. subsidies lifted sales, as China leans on Tesla’s expanded six-seater Model Y L launched in September while Europe slumped after the el…
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