The U.S. Treasury Department confirmed Thursday that buyers can effectively bypass both the American final assembly and critical-mineral requirements for electric vehicles—if those EVs are leased. That means, according to Reuters, starting Jan. 1, automakers selling EVs with final assembly outside the U.S. may be eligible for a tax credit of... EV tax credit loophole may cut lease payments for EVs made overseas
The U.S. Treasury Department confirmed Thursday that buyers can effectively bypass both the American final assembly and critical-mineral requirements for electric vehicles—if those EVs are leased. That means, according to Reuters, starting Jan. 1, automakers selling EVs with final assembly outside the U.S. may be eligible for a tax credit of...