How did the rent of an electric car in America become available only $ 20 a month?

Chris Hilbert has always raised cars because he sees that he ends up a person, not to mention that he was a waste of money, but when he was looking for a cheap electric car, he found him changed and it was the cost of low rent, which he said was “difficult to resist”. Hilbert, who works in the field of information technology, has two electric cars, one of which is ‘Teslae’s’ with four doors and the other produced by ‘Revyan’, an RNA plenty of sports vehicle. The Fortieth man found an announcement of renting the “Hyundai Ionik 5” pole sports for only $ 259 per month. But he believes he can find a better offer. He said, “I’m looking for a smaller car to drive my son … and I prefer to pay less than $ 200 a month.” Comparing the cost of purchasing and renting the car rental is one of the few indicators who pay optimism in the electric vehicles market, which is suffering from stagnation, and this is partly due to the rental of an electric car for a month than becoming a cheaper option than paying a monthly payment to pay a car purchase loan. Obtaining a new electric car has become more difficult. The average price of these vehicles in the United States in July was $ 48401, according to Kelley Book, which specializes in carving prices. One of the consequences is that the average monthly installment paid by the new car buyers rose to $ 735 during the first quarter of 2024, according to the company “Experian” specializing in the credit market, while the average cost of renting new cars per month dropped to $ 596. During the first quarter of the year, car leases increased to a record rate of 32% of total electric vehicles transactions, increased, compared to only 11% over the past year. This percentage exceeds the rate of car rental in the broader market, which reached 19%. ‘Express’ said the average cost for renting an electric car amounts to about $ 88 a month than the purchase of a new electric car. The effect of tax exemptions on cost reduction The relative recent electric car rental prices have fallen as a result of the decline in demand, as well as car manufacturers offer extra incentives with the aim of speeding up the drainage of vehicles instead of staying in their arenas for many months. This is added to the amendments that took place to the conditions for a $ 7500 tax exemption from which the electric vehicles are bound, and these signs often make the priority to benefit from those who rent cars, and not those who buy it. The law that combat inflation for the year 2022 was strongly associated with a tax exemption to buy electric cars. Only a few models are eligible to benefit, so that many of about 75,000 cars rented by Americans did not qualify to take advantage of this release if they bought it, or because the price exceeded the ceiling and $ 55,000 and $ -Pase sports and would be retailers and $ 55,000 and $ 5,000 and $ 5,000 for multi -purpic sports. then others), or because its batteries were made in China, or because it was not collected locally. The Act also defines a ceiling for a net income entitled to tax exemption. However, the law contains a loophole for the electric vehicles designated for rent, as it is classified as commercial vehicles, which make it covered with the total tax exemption, even if the federal conditions associated with the battery source and parts are not. This has enabled car businesses and sales agencies that the tax exemption, or $ 7500, will be counted during leasing, thereby reducing the cost of rent to customers. An attractive offers for draining the accumulated stock. These savings can have a major impact. In Colorado, for example, Nissan Lev cars 2025, raised in July, were rented for only $ 20 a month, after calculating tax emissions for electric vehicles and other incentives of the state, and it is less than the cost of filling out a traditional fuel tank. It is technically assumed that manufacturers will benefit from tax exemption on rented electric vehicles, but it usually makes these exemptions to the consumer in the form of discount or discount as it helps to accelerate the drainage of cars. The number of customers who ask for electric vehicles per month may not be more than two, and sometimes they withdraw the purchase due to the price. He even has some EV6 (EV6) sports electric cars that are in place for at least six months. He said that “Kia” offers extra discounts on car rental contracts, in addition to the $ 7500 tax exemption to do cars … we distribute it almost free. ” The agency rarely displays the most expensive “EV9” electric cars (EV9) because the price of $ 80,000 is “makes many (KIA) customers outside its market … they are usually looking for cheaper cars.” Traders have explained that many of those who want to buy electric vehicles do not realize that the rules have changed and did not relate to the high prices. The Staring Automotive Group, which runs the Chevrolet Cars Agency in Orlando and other agencies in Florida and South Carolina, said he believes the exemption is needed in these conditions. The flexibility of rent amid technological development, “BMW”, has the list of the most rented car manufacturers for electric vehicles in the first quarter of 2024 with 89%, followed by “Audi”, attached to “Volkswagen”, while “Tesla” does not rent the largest electric vehicle manufacturer in the United States. Sebastian McKinen, CEO of BMW in North America, said that car rental attracts customers who like the idea of ​​electric vehicles, but that they are not ready for a long -term commitment to a technology yet developed, and thus renting them “the flexibility of the car’s reaction.” The purchase of an electric vehicle can be a dangerous bet if transformations have occurred in the technology of batteries or changes in the market, which results in the car losing the value of the resale. Regarding the rental of “Tesla” vehicles, it is less attractive because it does not offer the option to buy the car after the expiry of the rental period offered by other businesses, and many of their new models are qualified for tax exemption, and this reduces the motives for renting it. The company also deliberately reduced its prices, and some of its models are available at attractive prices in the used car market. Jim Tream, a retired Hi point in North Carolina, who was an employee of the Air Force, bought a new “Kia Nero” car earlier this year, but he coincided with an offer in April to rent this car for only $ 307 a month, and it is less than half of what he would pay for a six -year -old loan. That 83 -year -old man enthusiastic to travel about 100 km to Danville, Virginia, to sign the lease, saying: “Nothing costs only $ 300 a month.” In short, the article highlights how the rental of electric car in America became an attractive economic option compared to their purchase, especially with the high prices of new cars and the problems of paying their payments. With the changes to tax emissions under the 2022 inflation law, rented electric cars became qualified to obtain a $ 7,500 tax deduction, making the cost of the rent much lower. The article indicates that some exceptional offers, such as renting “Nissan Lev”, are $ 20 a month in Colorado, have become possible thanks to these releases and incentives. This has contributed to increasing the rates of electric car rental to 32% of total transactions in this market. What has also contributed to renting is more attractive the flexibility it gives to customers compared to the purchase of electric cars, in light of the developments of batteries and market transformations.