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While someone who leases an electric car isn't eligible for the $7,500 federal income-tax credit, automakers usually (but not always) pass all or most of this amount to the buyer to lower the lease payment.
While one reason is high resale value, another is a $7,500 tax credit offered by the federal government for plug-in hybrids and electric vehicles. The leasing company gets the tax benefit and passes those savings to the lessor in the form of a lower monthly payment.
While someone who leases an electric car isn't eligible for the $7,500 federal income-tax credit, automakers usually (but not always) pass all or most of this amount to the buyer to lower the lease payment.
Federal aid The federal program is fairly simple. The government offers an income tax credit of up to $7,500 to the first legal, registered owner of a qualifying new plug-in electric vehicle in the tax year in which it was purchased. If you lease, the credit goes to the leasing company.
The federal electric car tax credit is an incentive to encourage Americans to buy hybrid and electric vehicles by lowering the up-front costs of buying one. That means that a $7,500 tax credit would save you $7,500 in taxes.
If you are leasing the vehicle, the tax credit goes to the manufacturer that's offering the lease, not you. For example, the Toyota Prius Prime, a plug-in hybrid hatchback, only qualifies for a $4,502 federal tax credit.
Federal aid The federal program is fairly simple. The government offers an income tax credit of up to $7,500 to the first legal, registered owner of a qualifying new plug-in electric vehicle in the tax year in which it was purchased. If you lease, the credit goes to the leasing company.
At Tesla, the electric vehicle maker, January 1, 2020, will mark something else: the official end of its vehicles' eligibility for federal tax credits. Here's how it works: Each automaker is eligible for $7,500 in credits for each electric vehicle sold, up to 200,000 sales.

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