Senate budget proposal announced 6/17 would close the tax code’s popular EV leasing loophole, effective immediately.
Senate Republicans proposed a budget to end EV leasing credits, potentially halting a surge in EV sales driven by leasing deals.
Lots of uncertainty in the EV market right now which may hurt sales. Proposed policy changes will end those crazy cheap lease deals for EVs which will likely just give China more time to pull ahead. So much for helping American manufacturers.
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