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Ford and General Motors have reportedly backtracked on plans to utilize a loophole in the now-expired federal tax credit program to offer a $7,500 discount on EV leases.
Requirements to use the EV tax credit for new vehicles were limited to select models. But many consumers were able to extend it to more vehicles via a leasing loophole that classified these cars as a commercial purchase. The automakers…
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Don’t miss out on our latest stories. Add PCMag as a preferred source on Google.
Ford and General Motors have reportedly backtracked on plans to utilize a loophole in the now-expired federal tax credit program to offer a $7,500 discount on EV leases.
Requirements to use the EV tax credit for new vehicles were limited to select models. But many consumers were able to extend it to more vehicles via a leasing loophole that classified these cars as a commercial purchase. The automakers…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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