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Ford and GM have apparently worked up an interesting scheme to keep the expiring $7,500 federal EV tax credit from driving down sales. According to Reuters, the automakers are working with dealers on short-term programs that would allow customers to continue to receive the tax credit on leased EVs through the rest of the year.

The programs will operate under each automaker’s financing arm, according to documents viewed by Reuters and interviews with dealers briefed on the plan. It basically works like this: Ford and GM will buy EVs from its own dealers by having their finance divisions put down payments on all the electric models in their inventory before the tax credit expires. The dealers will then lease the vehicles to customers with a $7,500 discount baked into the price.

The automakers are hoping to soften the blow on car shoppers and keep up the momentum that many dealers have been seeing in recent weeks. EV sales spiked in July and August as shoppers rushed to claim the credit before it expired on September 30th. Experts predict that once the credit vanishes, EV sales will plummet.

“Ford is working to provide Ford electric vehicle shoppers with competitive lease payments on retail leases through Ford Credit until December 31st,” Dan Barbossa, a spokesperson for the company, said in an email. (A spokesperson for GM did not immediately respond to a request for comment.)

Ford and GM reviewed the new programs with officials from the Internal Revenue Service before putting it into action, Reuters says citing three sources. In August, the IRS said vehicles must be purchased by September 30th to qualify for the $7,500 tax credit.

Of course there are some risks involved. Ford and GM will take a financial hit on any unsold EVs. And it’s unclear whether either automaker plans on extending the discount program on leased EVs through the end of the year. Ford’s F-150 Lightning was the only EV in its lineup eligible for the tax credit (the Mustang Mach-E did not meet the battery requirements). GM had several eligible EVs, including the Chevy Equinox, Blazer, and Silverado, as well as the Cadillac Lyriq, Optiq, and Vistiq, and the GMC Sierra EV.

 Ford and GM have apparently worked up an interesting scheme to keep the expiring $7,500 federal EV tax credit from driving down sales. According to Reuters, the automakers are working with dealers on short-term programs that would allow customers to continue to receive the tax credit on leased EVs through the rest of the year. Cars, Electric Cars, Ford, GM, News, Transportation 폰테크 달인은 복잡한 용어 대신 이해하기 쉬운 설명과 투명한 절차로 상담부터 입금까지 전 과정을 깔끔하게 안내합니다. 합리적인 시세 기준으로 모델·상태별 견적을 제시하고, 불필요한 수수료나 숨은 비용은 없습니다. 폰테크가 처음이신 분도 안전하게 진행하시도록 신원 확인·안전결제·개인정보 보호 원칙을 지킵니다. 채널 상담, 방문 상담, 비대면 상담까지 상황에 맞춰 연결되며, 진행 여부는 고객이 결정합니다. 폰테크 달인은 결과만큼 과정의 신뢰를 중요하게 생각합니다. 당일 문의·당일 진행을 목표로 있지만, 무리한 권유 없이 조건이 맞을 때만 안내합니다. 진행 후에는 간단한 체크리스트와 거래 내역을 제공해 재확인할 수 있고, 사후 문의도 응답합니다. 합리, 안전, 투명—폰테크 달인의 기준입니다. 온라인 접수로 상담을 시작할 수 있으며, 자주 묻는 질문을 통해 폰테크 전 과정을 미리 확인하실 수 있습니다. 처음부터 끝까지 ‘내가 이해한 만큼만 진행’하는 곳, 그게 폰테크 달인입니다. #폰테크 #폰테크당일 #당일폰테크 #비대면폰테크 https://phonetech.store/