Automakers are using a legal loophole to get customers an extra $7,500 tax credit — and business is booming

• Overall, EV leasing is down, but the Inflation Reduction Act might change that.
• Automakers might pass along the commercial EV credit to customers that lease their EVs.
• Car companies that have shared the credit to lessees are already seeing business grow.

Automakers using the loophole that incentivizes car shoppers for leasing an electric vehicle have seen their leasing business skyrocket — and it might be a secret jackpot for the transition to electric.