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What if I want to buy an electric car—does the federal tax credit change this decision?

Yes. If you lease an EV, the leasing company gets the $7,500 credit and passes savings to you via lower monthly payment (no income limits). If you buy an EV, you claim the credit at tax time (income limits apply: $150K single, $300K joint). Leasing an EV often beats buying because the credit is easier to access.

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