In a post-tax credit world, CarEdge’s Justin Fischer believes the same EVs that sold themselves through government incentives are being sold just as effectively by family, friends and coworkers. +
Ford has followed General Motors by unwinding a program intended to claim expiring $7,500 federal EV tax credits for future customers under pressure from U.S. Sen. Bernie Moreno. +
GM tells Bloomberg the factory will replace the expired $7,500 federal EV tax credit with $6,000 in “lease support” cash following unrelated reports of a similar move at Stellantis. +
Tesla delivered 497,099 units to U.S. buyers and lessees in Q3, setting a single-quarter record as the clock ran out on the $7,500 federal EV tax credit. +
Automotive News reports Ford and General Motors have been working with dealers to secure an unknown number of $7,500 federal tax credits for EV shoppers before they expire. +
California Gov. Gavin Newsom now says there will be no state-funded replacement for the expiring $7,500 federal tax credit for EV buyers, reneging on a promise he made in November. +
A 31% jump in EV lease penetration helped drive front-end gross on new lease deals into negative territory for the first time since 2020, according to the latest StoneEagleDATA report. +
Alliance for Automotive Innovation’s John Bozzella says the One Big Beautiful Bill Act’s unexpectedly rapid phaseout of the federal EV tax credit will slow adoption and hurt consumers. +
In a special July 4 ceremony at the White House, President Donald Trump signed the One Big Beautiful Bill Act into law, cementing the administration’s taxation strategy and budget priorities. +
President Trump ordered an end to the federal “EV mandate,” targeting sales goals, funds for charging infrastructure and state-level emissions standards. EV tax credits could be next. +
