Ford And GM Racing To Keep $7,500 EV Lease Credit Going After Federal Subsidy Ends

Benzinga

Ford and GM launched programs letting dealers extend the $7,500 federal EV tax credit on leases beyond its September 30 expiration. The financing arms will cover down payments so leases still benefit from the subsidy. Ford’s plan runs through year-end, while GM created extended dealer offers to keep EV leasing competitive.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Ford and General Motors launched new dealer programs to extend access to the $7,500 federal EV tax credit on leases beyond its September 30th expiration, according to Reuters.

00:11Automakers financing arms are making down payments on dealer EV inventory, which qualify for the subsidy and allow dealers to offer leases that incorporate the credit for several more months.

00:21GM said it worked with dealers to create an extended offer, while Ford confirmed it will provide competitive lease payments to report credit until December 31st.

00:28Dealers and analysts had warned EV leasing could plummet following the subsidy's end, which was Senator Trump's July tax bill.

00:34For all things money, visit Benzinga.com.

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