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Ford and General Motors Extend $7,500 EV Lease Credit after Expiry

Electric and Concept Cars

BusinessHonor - Ford, GM Extend $7,500 EV Lease Credit

Business Honor
30 September, 2025

New dealer programs aim to keep electric vehicle leases affordable despite federal tax credit expiration.

Ford and General Motors (GM) have launched new programs to help customers continue benefiting from the $7,500 electric vehicle (EV) lease credit, even after it officially expires on September 30, 2025. The federal tax credit, designed to support EV adoption, is ending due to a new tax law signed in July.

To keep lease deals attractive, both automakers are working with their dealers to extend the use of the credit. Under the new programs, Ford Credit and GM Financial, the companies' financing arms will make down payments on EVs in dealer inventory. This move allows the financing companies to still qualify for the tax credit.

After this process, the vehicles will be leased to customers as usual, with the $7,500 credit included in the lease pricing. This will help keep monthly payments lower and maintain customer interest in EVs. General Motors said it worked with its dealers to create this extended offer for EV leases. Ford also confirmed it will offer competitive lease terms through the end of the year. Dealers and analysts had warned that EV sales might drop sharply without the tax credit. There had been a surge in EV demand recently as buyers rushed to take advantage of the credit before the deadline.

Ford and General Motors reportedly developed these strategies after discussions with the Internal Revenue Service (IRS). In August, the IRS confirmed that vehicles must be purchased or under contract by September 30 to qualify for the credit. It is not yet clear whether other automakers are taking similar steps. For now, Ford and GM are trying to keep EV leasing affordable and avoid a sudden slowdown in sales.