Tesla raises U.S. lease prices after $7,500 federal EV tax credit expires
Oct. 01, 2025 4:54 AM ET Tesla, Inc. (TSLA) StockBy: Preeti Singh, SA News Editor- Tesla (NASDAQ: TSLA) has raised lease prices for all its U.S. vehicles following the expiration of the $7,500 federal tax credit that had supported electric vehicle sales, Reuters reported, citing information from the company's website.
- The change comes after Congress ended incentives under recent legislation, eliminating the $7,500 credit for new EV leases and purchases, and a $4,000 credit for used EVs, effective September 30. Tesla and other automakers had factored these credits into competitive lease offers.
- As a result, the monthly lease for Tesla’s top-selling Model Y has increased from $529 to approximately $599, though vehicle prices remain unchanged. Analysts and auto executives warn that EV demand, which surged earlier in the decade, may slow now that federal incentives have ended.
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