Ford on Wednesday confirmed that the F-150 Lightning electric pickup truck and Lincoln Aviator Grand Touring plug-in hybrid SUV will be eligible for the full $7,500 federal tax credit in the future, while all other Its existing electric and plug-in hybrid vehicles will be exempt from the tax. eligible for smaller amounts.
After the U.S. Treasury Department issued guidance on the new tax credit rules, Ford was one of the first automakers to verify and publicize which vehicles meet the strictest raw material requirements. battery raw material. These requirements will see tax credits for many electric vehicles—including some American-made electric vehicles—drop starting April 18.
Pilot Lincoln 2023
In a press release, Ford said both the F-150 Lightning and Aviator Grand Touring will still be eligible for the $7,500 credit after April 18 (as before, plug-in hybrids may be eligible for the credit). credits similar to EVs if their battery packs are large enough). The Ford Mustang Mach-E and E-Transit EV, as well as the Ford Escape Plug-In Hybrid and Lincoln Corsair Grand Touring, will be eligible for the $3,750 federal tax credit after April 18, according to Ford.
The automaker says customers who receive a Ford EV before April 18 will be eligible for a $7,500 tax credit. For those receiving shipments after that date, the automaker notes that commercial customers can still receive a credit of up to $7,500 on any of their electric or hybrid vehicles. Whether it’s an individual consumer or a commercial buyer, the tax credit helps offset some Latest Lightning price increaseraised the base price of the fleet-oriented Lightning Pro model to over $60,000.
Ford Mustang Mach-E assembled – Mexico
The global supply chain means other Ford vehicles don’t get the same credibility as the Lightning. For example, Ford sources Mach-E batteries from Poland, while the car that is eligible for assembly in the US is It’s made in Mexico.
This complexity has made it difficult to get the most out of tax credit laws, and it could hamper EV affordability. Some have argued that size limit of EV . battery policy will also have a positive effect, but it does not. It doesn’t help, in the short term, either. battery price increase driven by raw materials.
