Ford and GM Cancel EV Tax Credit Extensions Amid Industry Challenges
TL;DR Summary
Ford and GM's plan to extend EV tax credits through dealer lease programs was abandoned after political scrutiny, likely leading to a decline in EV sales now that the federal credit has expired.
- So much for Ford and GM’s scheme to extend the EV tax credit The Verge
- Exclusive: Ford reverses plan to claim EV tax credits, following GM Reuters
- What’s Ahead for the US Electric Vehicle Industry After Hitting a Massive Speed Bump? Inside Climate News
- Ford joins GM in canceling $7,500 EV lease credit extension Automotive News
- Automakers are getting creative with how to sell EVs in the post-tax credit era Business Insider
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