Ford Lays Out Tax Credit Effects
Just two of its EV, hybrid models qualify for full federal break after stricter limits issued.
Ford's Mustang Mach-E qualifies for just half of the full federal EV tax credit.
IMAGE: Ford
Ford is one of the first carmakers to announce the effect of recently tightened rules for federal electric-vehicle tax credits, saying just two of its EV models qualify for the full $7,500 break.
The Dearborn, Mich.-based brand’s six EV and plug-in hybrid models qualify for at least some of available federal credits, but just the F-150 Lightning truck and the Lincoln Aviator Grand Touring sports-utility vehicle get consumers the full amount. The Mustang Mach-E, E-Transit van, Escape Plug-In Hybrid and Lincoln Corsair Grand Touring SUV qualify for just $3,750 in credits.
Other carmakers have said the newly tightened eligibility rules would cut credits for their models but haven’t announced particulars.
The stricter qualifications take effect April 18 after the Treasury Department introduced new guidance on EV battery material sourcing limits. Until then, previously issued guidance determines eligibility, so some models that currently qualify will be eliminated or get smaller credits, depending on materials used in their batteries.
Originally posted on Auto Dealer Today
More Showroom
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
California Hybrids Reach State Record
The Golden State still leads the country in electric-vehicle registrations, but much like the rest of the U.S. its hybrid market share is up while full electrics stabilize after a dramatic first-quarter dip.
Read More →
My Mercedes in the U.S.
The German brand debuted its studio dealership concept for the first time in the states in Los Angeles, tapping Americans’ penchant for creative distinctions.
Read More →
Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
Read More →
California Launches EV Rebate Program
Participating automakers are matching the state's $13.5 million investment in new electric-vehicle rebates scheduled to take effect later this summer.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
The Trade-In Paradox
Retailing older cars with confidence in today’s market is a matter of establishing and following a clear process that can turn greater profit for auto dealers as they aim to meet used-unit hunger.
Read More →
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →