Ford Backtracks On Extending The EV Lease Credit

• Ford has canceled its plan to keep the $7,500 EV lease credit alive by the end of the year.
• The $7,500 federal tax credit was dropped on September 30, but the automaker came up with a solution to claim the credit by buying the cars on dealer lots.
• Ford follows in GM’s footsteps, which also said it would extend the lease credit, but then changed its mind.