Ford and General Motors are involved in races for registering car dealers for programs that would effectively expand the use of a tax credit in the amount of $ 7,500 to rent electric vehicles, in addition to the expiration of the federal subsidy on Tuesday, according to dealers and documents.
In recent days, each company has launched programs for its retail sellers, according to which, according to dealers, reporting the previously not communicated dealers and documents from companies, financing.
According to documents and dealers, these payments will qualify a credit weapon for a federal tax credit in the amount of $ 7,500 for these vehicles.
From there, dealers will offer the rent of these cars for retail customers, as usual, a few more months, and a subsidy of $ 7,500 was taken into account.
Programs are aimed at mitigating the influence of the disappearance of a tax loan, which has existed for more than 15 years to encourage EV adoption.
“We worked with our GM dealers over the expanded offer for customers to benefit from the EVS tax loan,” the GM statement said on Reuters on Monday.
Ford said that it is working to provide customers for Ford EV competitive rental rental rental rental through Ford Credit until December 31.
Dealers, car leaders and analysts predicted that EV and leasing sales are falling after the expiration of the tax loan on Tuesday, after in recent months they left EVS from buyers seeking to overcome the deadline.
The mass tax account of US President Donald Trump, signed in July, established the end of the subsidies on September 30.
It was unclear whether other automakers pursued a similar tactic to extend the period during which they could use the tax loan to sell their electric vehicles.
Ford and GM have developed their programs after discussions with officials in the internal income service, according to three people familiar with discussions. The representative of IRS did not immediately respond to a request about the comments.
In August, IRS said that vehicles should be purchased until September 30 to get the right to a tax loan of $ 7,500.
“You can demonstrate the acquisition by concluding a mandatory written contract and paying the payment for the vehicle on September 30 or until September 30,” the agency said.
