This Labor Day is a good time to save money on an electric vehicle, Edmunds says

Labor Day promotions are offering significant deals on electric vehicle (EV) leases ahead of the $7,500 federal tax credit expiration on Sept. 30, with average EV prices dropping 4% to $55,689. Leasing, now comprising 70% of EV transactions, is recommended for new users due to faster depreciation, while the IRS allows credit eligibility for contracts signed before the deadline.

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