Tesla Inc. announced on Wednesday that it has raised lease prices for all its vehicles in the United States following the expiration of a federal electric vehicle (EV) tax credit that had been a key driver of demand. The lease price adjustment follows the removal of the $7,500 Federal incentive on new EV leases and purchases, as well as the $4,000 credit for used EVs, effective September 30. The Biden administration introduced incentives to boost the adoption of battery-powered and hybrid EV vehicles. Trump’s administration policy changes were scrapped, leaving automakers to reassess their lease prices.