Quote:
Originally Posted by redbullfan
When did they change that?? I got it back in August 2017 for my 40e
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As far as I know it has always been that way. In some cases the finance company may pass along some of it as a price reduction but the Fed money always goes to the purchaser not the lessee.
Edit: Here is some more info on that and the links.
"The vehicle is acquired for use or lease by the taxpayer, and not for resale. (The credit is only available to the original purchaser of a new, qualifying vehicle. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.)".
https://fueleconomy.gov/feg/taxevb.shtml
"Again, the tax credit is available to help with the purchasing of an electric vehicle. Leasing an electric car also won’t provide you with the tax credit.
Instead, the manufacturer will be entitled to that tax credit. Therefore, you shouldn’t count on getting this tax credit unless you’re purchasing a brand new electric car."
https://filemytaxesonline.org/tax-credit-electric-cars/
"It's also important to note that leasing a hybrid won't necessarily get you a credit, since the leasing company actually has the right to claim the credit."
https://auto.howstuffworks.com/fuel-...ax-credit1.htm
"If an eligible EV or PHEV vehicle is leased to a consumer, the tax credit goes to the leasing company, which technically still owns the vehicle over the term of the leasing agreement. However, it’s very likely that the tax credit amount could be negotiated into the overall cost of the lease to reduce the vehicle price and the monthly lease payments as part of the deal."
https://www.carfax.com/blog/hybrid-electric-tax-credits