Ford Alerts Buyers That Time Is Limited for the Best EV Offers in America | Carscoops
After the tax credit is eliminated, electric vehicle (EV) sales in the US are expected to drop significantly.
Ford anticipates a surge in EV interest as the October 1 tax credit deadline approaches.
Trump is abolishing the tax credit as part of his One Big Beautiful Bill Act.
The Mustang Mach-E is eligible for the tax credit only when leased, not when purchased.
With significant changes to federal EV incentives impending, potential EV buyers in the US might need to act quickly. The long-established federal EV tax credit is set to end on September 30, which will increase the cost of many new models by $7,500. For those looking to secure current savings, time is running out, and Ford expects demand to increase before the cutoff.
In a recent communication to dealers, Ford indicated that "demand is anticipated to rise as the deadline for eligible vehicles nears,” urging dealerships to file Time of Sale reports before October 1 for customers who wish to apply the tax credit at the point of sale.
Mach-E buyers still have choices.
Not all Ford EVs qualify for the full tax credit. For instance, the Mustang Mach-E is ineligible for the credit when purchased because it is manufactured in Mexico. However, it does qualify for a $7,500 credit if leased. Notably, it is currently offered under Ford’s Zero, Zero, Zero promotion, making this an optimal time to purchase a Mach-E.
In place of its previous employee pricing-for-all program, Ford’s new Zero, Zero, Zero promotion offers zero percent financing for 48 months, no down payment, and no payments for the first 90 days. As reported by CarsDirect, the Ford Mustang Mach-E is presently available with zero percent financing for 60 months, enhancing the attractiveness of the offer.
The upcoming changes in incentives will also affect used EVs.
The impact isn't limited to new car buyers. Although the full $7,500 tax credit applies solely to new EVs, used electric vehicles can currently be eligible for credits of up to $4,000. As living expenses continue to rise, these incentives have made EVs more affordable for a wider array of buyers. Once the credit is gone, that affordability may decline.
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Ford Alerts Buyers That Time Is Limited for the Best EV Offers in America | Carscoops
Once the tax credit is eliminated, it is probable that electric vehicle sales will significantly decrease in the US.