#federalevtaxcredits
Kia to Rely on Lease Loophole to Make Its EVs Eligible for Tax Credit
Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., but in the meantime, Kia is looking to take advantage of a little-known provision in the new rules that allow customers to receive the credit on ineligible vehicles when leasing.
Chris Teague
May 04, 2023
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