Ford Motor Co. and General Motors have developed a method through the IRS guidance to extend use of the electric vehicle tax credits, at least for leases, into the fourth quarter.
The Detroit automakers used their financing arms, called captive finance companies, to make down payments on EVs before finding customers, a move that allows those vehicles to qualify for the incentives beyond the Sept. 30 expiration.
Stellantis has not publicly announced a similar program. In a statement, the company said it “will continue to be aggressive in the marketplace to support our customers and future customers considering an electrified option.”
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