Ford and General Motors (GM) have announced programs to extend up to $7,500 in electric vehicle (EV) lease savings, even after the federal EV tax credit expired on September 30, 2025. This move ensures that EVs remain financially accessible to customers during the transitional period.
Program Overview
Both automakers have coordinated with their financing arms to purchase dealer inventory through down payments. This approach allows them to qualify for the $7,500 federal incentive, which is then passed on to customers via leases. As a result, EV buyers and lessees can continue to benefit from significant savings for several months beyond the tax credit’s expiration.
Availability and Impact
Ford has confirmed that these lease savings will be available through Ford Credit until the end of 2025, making it easier for consumers to adopt EVs despite the tax credit lapse. GM has implemented similar programs, ensuring broader accessibility across their EV lineup.
Background
The federal EV tax credit, which had been in place for 17 years, expired following the signing of a tax bill by former President Donald Trump in July 2025. The credit was initially designed to incentivize electric vehicle adoption across the United States.
This initiative by Ford and GM highlights the automakers’ commitment to maintaining EV affordability and encouraging sustainable transportation, even amidst changing federal incentives.
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