Lucid
- 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.