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Elon Musk's Tesla hikes lease prices on all electric cars as US tax credit expires

Tesla has raised lease prices for all its vehicles in the US after a 7,500federaltaxcreditthathelpedboostelectricvehiclesalesexpired,accordingtothecompanyswebsiteonWednesday.ThechangefollowstheendoftaxincentivesundersweepinglegislationpassedbyCongress,whicheliminatedthe7,500 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 Sept. 30.Elon Musk’s Tesla and its rivals had been passing these credits on to customers through competitive ...