‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say

‘Loophole’ may get you a ,500 tax credit for leasing an EV, auto analysts say

Key Points

The Inflation Reduction Act has a few provisions related to tax credits for electric vehicles.
Consumers can get a $7,500 tax credit for buying a new EV. It may be challenging for cars and/or buyers to qualify due to certain requirements.
It may be easier to get a $7,500 credit by leasing an EV. Leases aren’t subject to the same rules.
Automakers may pass along the tax credit by lowering monthly payments.

Source

Finance

Key AI hub China restricts schoolchildren’s use of the tech

May 15, 2025

Key Points China is restricting how much children can use generative artificial intelligence in schools, according to a local release citing the Ministry of Education. Primary school students are prohibited from using unrestricted generative AI tools on their own, although an instructor may use the tech to assist in teaching, according to the local government […]

Finance

Steve Cohen says stocks could retest their April lows, sees a 45% chance of recession

May 14, 2025

Steve Cohen said Wednesday he sees the possibility that stocks could retest their lows from April following the market’s dramatic comeback. “I don’t expect, you know, a significant decline. I think this is possible we can go back toward the lows which is 10%, 15% [from here] so it’s not a calamity,” the founder of […]

Finance

Warren Buffett tells WSJ he stepped aside as CEO after finally feeling old

May 14, 2025

Warren Buffett does a walkthrough of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. David A. Grogen | CNBC Age isn’t just a number for Warren Buffett after all. The 94-year-old investment legend recently surprised shareholders by announcing his intention to step down as Berkshire Hathaway CEO after an epic […]