Lucid Air Grand Touring
Lucid has recently emailed reservation holders about efforts to get them the commercial EV tax credit, if they lease an Air.
  • There are a lot of rules for new electric vehicles to qualify for tax credits.
  • Those rules mean a lot of EVs on the market might not qualify for credits.
  • Some automakers might look to capitalize on the commercial credit by leasing their EVs instead.

Automakers might be racing to find a way around the requirements set forth in the new EV tax credit to get their customers a $7,500 benefit.

Last summer's Inflation Reduction Act set forth all sorts of rules for EVs to qualify for new electric car tax credits.