Ford Changed Its Mind About Extending the EV Tax Credits

by Chris Teague

Published: October 10th, 2025

ford changed its mind about extending the ev tax credits

The federal EV tax credit ended at the end of September, but some automakers extended discount programs to compensate for the loss of the up to $7,500 incentive. Early on, Ford announced that it would be one of them, but the automaker is now backing away from that plan.

Ford, along with General Motors and others, said it would let dealers buy vehicles and then lease them to customers, which would allow them to pass their credits on to customers. That’s no longer the case, as a spokesperson told Reuters that, “Ford will not claim the EV tax credit but will maintain the competitive lease payments we have in the market today.” The Blue Oval has a few decent incentive programs running right now, including zero-percent financing on new EVs and a financing program for subprime borrowers on the F-150.

Interestingly, GM has taken similar steps, saying it would self-fund discounts through the end of October. Its decision came after U.S. Senator Bernie Moreno said the actions were those of “certain car companies who wish to continue bilking the U.S. taxpayer.” It’s unknown if Ford’s decision is related to that statement.

The end of EV tax credits will undoubtedly have an impact on the market, but to what degree is anyone’s guess. Ford CEO Jim Farley said he expected EV market share to shrink from between 10 to 12 percent to somewhere around five percent.

[Images: Ford]

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Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

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ToolGuy™ on Oct 10, 2025

Bernie Sanders > Bernie Moreno

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Normie I like Corey's posts because his earnest effort makes for a civilized comment space.And I get more information and curiosity from his lavish coverage of a car that was never "me" than from any articles I've seen about my cherished tall & boxies.
Bookish So some lawyer comes up with a scam to shake down the auto industry and the NYT makes it an ethical crusade against Ford. And you repeat it moralistically and uncritically.
Normie "Big Oil"From OZ?
AZFelix This generation of Cadillac articles also shows consistent placement of photos relative to the corresponding text.
Biff Finally the chickens have come home to roost. I have been saying this for three years: just wait until the EV’ers have to pay the road tax. Lets not forget that it’s California we are talking about and they have never met a tax they didn’t like. Plus it’s “the rich” buying new cars so its a double “lets tax’em!” The solution is simple enough. Have EV’s go into emissions stations as part of license plate renewal. Except here record the milage and get a bill for the cost. The rate should be around 1.5X the comparable gas size vehicle due to added weight. Lets watch the progessive politics swallow this one!