I just stumbled upon this interesting article about EVs and tax credits. It seems like automakers such as Hyundai Motor Group, with their Hyundai and Kia brand EVs, are facing a challenge.
It does not require leasing companies to hand over their credit to the customer, only allows them to..........That will be a boon to automakers such as Hyundai Motor Group, whose Hyundai and Kia brand EVs (the Hyundai Ioniq 5, Kona Electric and Kia EV6 and Niro EV crossovers, as well as the Niro PHEV and Hyundai Tucson and Santa Fe plug-in hybrids), are built in South Korea and aren’t tax credit eligible for those who prefer buying over leasing.
No Tax Credit For An EV? Try Leasing.Leasing an electric car can circumvent the restrictive North American assembly requirement to receive the federal tax credit for EVs.www.forbes.com