The electric vehicle has to be assembled in North America, and its battery components and minerals must meet specific sourcing requirements. The car has to cost under a certain amount and your income can’t be over another amount. And you’ll only get that money back after your taxes.
“The long and short of it is, all those rules go out the window if you lease a vehicle, no matter where the car was made, no matter how much it cost, you can get that full $7,500 off the total price of the vehicle, and then the leasing company processes that credit up front which lowers your monthly payments," Barry said.Along with a down payment, you’ll make monthly payments for a set number of months and for a set number of miles.
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