With the federal EV incentive set to run out on the finish of September, Ford is urging its sellers to arrange for a rush of patrons.
Ford warns sellers of upcoming EV rush
Like most automakers, Ford is making ready for a shakeup below the Trump Administration. After the “One Huge Stunning Invoice” was signed into legislation on July 4, the $7,500 and $4,000 tax credit score for brand spanking new and used EVs will not be obtainable after September 30.
In a memo despatched to sellers this week, Ford warned, “demand is predicted to extend because the deadline approaches for eligible autos.”
The letter (by way of CarsDirect) confirmed that the EV tax credit score “will not be obtainable for autos acquired after September 30, 2025.”
Ford blamed Trump’s new invoice for the anticipated rush of EV patrons forward of the inducement deadline. Though the Mustang Mach-E doesn’t qualify for the credit score, because it’s inbuilt Mexico, Ford is passing it on by way of a leasing loophole. Whereas it’s nonetheless obtainable, the F-150 Lightning does qualify for the credit score when bought or leased.
Final week, Ford launched its new “Zero, Zero, Zero” summer season gross sales promo, providing a $0 down cost, 0% curiosity for 48 months, and 0 funds for the primary 90 days on most Ford and Lincoln autos.
The brand new marketing campaign replaces the worker pricing for all marketing campaign, which ran by way of the primary half of the 12 months. Regardless of outpacing the trade with general gross sales rising 14% in Q2, Ford’s EV gross sales fell by almost a 3rd.
Ford spokesperson Martin Gunsberg instructed Electrek that electrical car gross sales have been decrease because of the Mustang Mach-E recall and the transition to the 2025 mannequin 12 months. “Our sellers can’t promote what they don’t have,” Gunsberg mentioned.
Though the Mach-E doesn’t qualify for the credit score when bought, it’s nonetheless probably the greatest EV lease offers obtainable proper now, beginning at $395 per thirty days. The provide is for 36 months with no down cost required.
Ford isn’t the one one making ready for large modifications over the following few months. Honda prolonged its ultra-low lease provide on the Prologue till the top of September. Hyundai and Kia are slashing costs with beneficiant reductions forward of the deadline. The 2025 Hyundai IONIQ 5 is likely to be one of the best EV deal at simply $179 per thirty days proper now.
Trying to snag the financial savings whereas they’re nonetheless obtainable? You should use our hyperlinks under to search out offers on top-selling electrical autos in your space.
