My current car lease is up in May 2025 and I want to lease another new EV. I keep hearing how EV purchase and leasing may become way more expensive under the Trump administration. Anyone have any ideas on the specifics of possible timing of this? I’ve heard that the removal of the $7500 lease rebate would have to be approved through congress… which ~sounds~ like it would take awhile, but I have no idea. I’m getting a new car sooner, paying two leases for a few months may be cheaper in the long run if lease prices increase substantially by May of 2025.
When the process starts you will know you are on the clock. You will have weeks notice minimum. IRAs surprise was how quickly it got through senate.
Edit- upon further reflection, if I were a betting man i would say -110 the IRA EV credits go away completely and +110 the law is modified but continues giving benefits to American produced EVs with American made batteries.
Which is all to say, I’m not getting into a new car early to replace my XC90 T8lease which ends in Q3 of 2025.
3 Likes
It’s impossible to say for certain what will happen to EV credits moving forward. I wouldn’t bet on the Federal Government continuing to provide a $7,500 incentive to the banks leasing EV’s and those banks passing some, or all, of it onto consumers. But I would bet on the fact that manufacturers will continue to need to heavily incentivize EV’s to move them, whether they receive Fed EV credit money or not.
4 Likes
Even if everything does change its not going to be instant. Make a decision after that
2 Likes
So excited to see ice leases come back to LH
4 Likes
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.