Ford Motor Co. and General Motors have developed a method through the IRS guidance to extend use of the electric vehicle tax credits, at least for leases, into the fourth quarter. The Detroit ...
With the Federal EV tax credit dying at midnight on September 30, automakers are getting creative when it comes to giving their customers discounts on electric vehicles. Ford and General Motors are ...
Back in July, President Donald Trump signed legislation that eliminates the $7500 federal tax credit towards the purchase or lease of new electric vehicles as of September 30. However, according to ...
Programs aim to soften impact of expiring US tax credit Dealers predict EV sales will plummet without subsidy IRS discussions led to Ford and GM's program development- sources Each company in recent ...
The move allows certain electric vehicles to qualify for the tax incentive beyond the Sept. 30 expiration. Ford and GM spokespeople confirmed the programs to the Detroit Free Press. Ford Motor Co. and ...