Vietnamese electric vehicle maker VinFast has cut the lease price for its first model shipped to the United States by more than 50% for its first customers in California, according to the company's website and emails to customers reviewed by Reuters.
, although it has increased prices on some models and in some markets by smaller margins since.
The Biden administration's EV credits, which took effect at the start of the year, have also changed the calculus for automakers and U.S. consumers. Electric vehicles like those made by Tesla in North America qualify for a consumer tax credit of $7,500. Businesses, including the finance companies that underwrite car leases, can also claim a credit of up to $7,500 for EVs if the cars are sold by one of the companies certified by the IRS.VinFast said earlier this month that US BancorpVehicle subscription service Autonomy has a deal with VinFast to purchase 2,500 EVs, the companies said in November.
VinFast shipped its 999 EVs to California late last year. Those cars have not yet been made available to buyers. The company has filed for an initial public offering in the United States and plans to build an EV assembly factory in North Carolina.
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