A simple Answer TO yOUr Question
Does the federal $7,500 EV tax credit apply to leased cars?
Yes, but not directly to you. On a lease, the $7,500 federal clean vehicle credit goes to the leasing company (the vehicle owner), not the lessee. However, leasing companies are required to pass the credit through to consumers by lowering the capitalized cost of the lease. In practice, this is why EV lease payments are often significantly lower than equivalent purchase payments. Ask your dealer or broker to show exactly how the credit is reflected in your deal.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
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