EVs and 7,500 Incentive

Hi,

I have been trying to get a new lease and heard that EV leases now can qualify for 7,500 off and since I’m in texas probably the 2,500 state incentive. Most of the more budget EVs are ugly but was trying to decide if this makes EVs a decent lease option. Does this incentive come out in cash like if a 3 year lease comes out to like $15k, my effective lease would cost 15 - 7.5 - 2.5 = 5? I am currently leaseing a 2019 rav4 for $300 and it’s due in March. I tried researching but hopefully this community has some insite or experience. Thank you!

3 posts were merged into an existing topic: Federal EV tax credit overhaul