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There’s a New Cheapest Electric Car in the US, and it Could Cost Half the Tesla Model 3 Thanks to a Hefty Tax Credit

MSN

The Nissan Leaf, a stalwart electric vehicle that’s been on the market since 2010, just got a major price cut. The base 2022 Leaf S now starts at $27,400, making it the lowest-cost option for those interested in an electron-powered commute.

With an EPA rating of 149 miles, the Leaf S could be appealing to people who don’t need to travel all that far in one go. The longer-range Leaf S Plus, which can go 226 miles between charges, also got a price reduction. It now retails for $32,400, down from $38,270.

The Leaf still qualifies for the full $7,500 federal tax credit for new-EV purchases, meaning the effective price of a Leaf S could be just shy of $20,000 for some (before fees and dealer markups). To take full advantage of the refund, though, buyers need to have a tax bill that exceeds $7,500 – so the policy isn’t exactly an incentive for the masses.

Read the article at MSN.

 

Aug 5, 2021connieshedron
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