Why Your EV Purchase Did Not Qualify For The Tax Credit

March 12, 2026

Leasing Versus Buying Confusion

If you leased the EV, the leasing company usually claims the credit, not you. Any savings may be built into the lease as a lower payment or an upfront discount, but it is not claimed on your personal return. If you bought the vehicle but the deal was structured in a way that looks like a lease or fleet purchase, your eligibility can change.

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