Tesla has raised lease prices in the U.S. following the expiration of a $7,500 federal tax credit for electric vehicles. Model Y lease prices now range from $529 to $599, up from $479 to $529. Model 3 prices increased to $429 to $759 from $349 to $699, as demand for EVs slows.

As the tax credits for EVs expired, Tesla and competitors had been offering competitive lease deals to customers. However, with the credits gone, the company has adjusted its prices. Tesla’s U.S. market share dropped to 38% in August, down from over 80%, as more rival EVs hit the market, according to data from Cox Automotive.

Read more at Yahoo Finance: Tesla hikes lease prices as US electric vehicle tax credit expires