"Tesla has raised lease prices for all its vehicles in the U.S. after a $7,500 federal tax credit that helped boost electric vehicle sales expired, according to the company's website on Wednesday. The change follows the end of tax incentives under sweeping legislation passed by Congress, which eliminated the $7,500 credit for new EV leases and purchases, as well as a $4,000 credit for used EVs, effective September 30. Tesla and its rivals had been passing these credits on to customers through competitive lease offers."
"The monthly lease of the electric vehicle manufacturer's best-selling Model Y increased to a range between $529 and $599, from a range of $479 to $529. Prices of all vehicles, however, remain unchanged. Model 3 lease prices touched a range of $429 to $759 per month, from a range of $349 to $699. Demand for battery-powered models is already showing signs of a slowdown after rapid growth earlier in the decade. Sales could drop after the credits dry up, auto executives and analysts have warned."
Tesla raised lease prices for all U.S. vehicles after a $7,500 federal tax credit expired. The end of tax incentives under legislation passed by Congress eliminated the $7,500 credit for new EV leases and purchases and a $4,000 credit for used EVs, effective September 30. Tesla and competitors had been passing credits to customers through competitive lease offers. The monthly lease for the Model Y increased to $529–$599 from $479–$529, while Model 3 lease ranges moved to $429–$759 from $349–$699. Vehicle prices remain unchanged. Demand for battery-powered models shows early signs of slowdown, and industry executives warn sales could fall without the credits. Tesla's U.S. EV market share fell to 38% in August, down from over 80% earlier in the decade, as rivals gain ground.
Read at Fast Company
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