Ford EV Tax Credits Cut in Half, Urging Buyers to Act Now.

1 min read
Source: Barron's
Ford EV Tax Credits Cut in Half, Urging Buyers to Act Now.
Photo: Barron's
TL;DR Summary

Ford is losing half of the electric-vehicle purchase tax credit for its Mustang Mach-E and E-Transit van. The EV purchase tax credits were expected to be a boon for the US auto industry, but are turning out to be a pain for manufacturers and car buyers. Buyers could expect $7,500 off their tax bill for purchasing a qualifying EV.

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