Tesla hikes lease prices as US electric vehicle tax credit expires


The logo of Tesla is seen on a store in Paris, France, October 30, 2020. REUTERS/Charles Platiau

(Reuters) -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.

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