electric vehicle tax credit – Charm

Ford CEO Predicts Electric Car Market to Fall by Half After End of Tax Credit

Cs news5 months ago016 mins

Breana NobleThe Detroit News(TNS) Ford Motor Co. CEO Jim Farley on Tuesday said he wouldn’t be surprised if electric vehicle sales in the United States fall by half after the expiration of the federal tax credit for plug-in vehicles. Tuesday is the last day consumers could take advantage of the up-to-$7,500 tax credit, though Ford…

$7,500 tax credit for EV buyers is expiring

Cs news5 months ago01 mins

(CNN) – Time is running out to get an electric vehicle tax credit. Under President Donald Trump’s spending and tax package, the $7,500 federal tax credit for EV buyers ends on Oct. 1. In recent weeks, some buyers have rushed to get deals ahead of the looming deadline. Industry insiders predict that losing the tax…