EU AND ASIAN AUTOMAKERS TAKE ADVANTAGE OF NEW USA LEASED VEHICLE TAX CREDIT RULES
January 22nd, 2023
European and Asian automakers exporting electric vehicles (EV) to the USA are looking to take advantage of US treasury guidance issued December 28 that allows consumers to claim tax credits of up to USD7,500 on leased EVs, even if they are not made in north America. (1)
That remains a requirement for US consumers wishing to claim a credit under the US Inflation Reduction Act (IRA) when buying a new EVs (2), but the leasing rules relaxation will help a wide range of listed manufacturers based outside the US, Canada and Mexico. According to the US Internal Revenue ...
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