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Ford, GM Working On Extending $7500 EV Credit Extension Beyond Trump's September 30 Deadline: Report - General Motors (NYSE:GM)
Benzinga· 2025-09-30 04:44
Michigan-based automakers Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM) are reportedly working on dedicated programs that could extend the IRA EV credit beyond President Donald Trump's September 30 deadline.An Unofficial Federal EV Credit Extension?According to internal documents, as well as sources, obtained by Reuters on Monday, the companies' financing arms are initiating purchases of EVs by paying dealers a down payment, qualifying these lenders for the EV credit. This would let retailers off ...