EV sales surge in the U.S. ahead of Sept. 30 tax credit deadline

General Motors And Ford Found A Way To Keep The EV Lease Credit Alive

For a few months more, anyway. The two American automakers are working with dealers to extend the $7,500 EV tax credit a bit longer.

Ford, GM Are Buying Their Own Cars To Get Customers The $7,500 Tax Credit

Ford and General Motors are signing their respective dealers up for an ambitious plan that would - in effect - extend the $7,500 tax credit on leased EVs.

Electric Desperation: Ford and GM Scramble to Find Loopholes Extending Use of $7,500 EV Credit

Ford and General Motors have introduced new programs aimed at extending the use of the $7,500 U.S. tax credit on electric vehicle leases beyond the subsidy's expiration date. EV companies including Tesla have been desperate to secure car sales before the expiration of the tax credit, demonstrating their importance in the EV buying decision. The post Electric Desperation: Ford and GM Scramble to Find Loopholes Extending Use of $7,500 EV Credit ap…

Ford and GM will keep the $7,500 EV tax credit alive beyond the deadline

Chevy, Cadillac, GMC, and Ford’s electric vehicles will still be eligible for the credit after the September 30 deadline. The...

Ford CEO expects EV sales to be cut in half after end of tax credits

Farley said the industry learned that "partial electrification," such as hybrids, are easier for customers to accept for the time being.

$7,500 Electric Vehicle Tax Credit Ends Sept. 30

The $7,500 electric vehicle (EV) federal tax credit is set to end on Sept. 30, a move that is likely to dampen sales of these vehicles in the United States. The credit was instituted as part of the Inflation Reduction Act signed into law by President Joe Biden in 2022. On July 4, President Donald Trump signed the One Big Beautiful Bill Act, setting Sept. 30 as the final date for receiving EV credits as part of terminating EV purchase benefits. O…