GM, Ford Extend EV Tax Credit Benefits Through Lease Programs

General Motors and Ford Motor are launching innovative lease programs to cushion the blow of the expiring $7,500 federal EV tax credit. The legacy automakers' financing arms will purchase EVs from dealer inventories, allowing lenders to qualify for the subsidy before passing the savings to consumers through discounted lease rates.

The MOVE comes as the 15-year-old incentive program sunsets on September 30, potentially dampening EV demand. Both companies confirmed the strategy to Reuters, with GM noting collaboration with dealers to extend the credit's benefits. Ford indicated similar efforts were underway.

This transitional measure highlights automakers' growing sophistication in financial engineering to maintain EV momentum. Where direct subsidies end, creative financing solutions emerge—a pattern cryptocurrency markets know well from institutional adoption phases.