Ford Mustang Mach-E, E-Transit To Lose Half Their Tax Credits

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Ford Mustang Mach-E, E-Transit To Lose Half Their Tax Credits
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Eligible customers taking delivery of any Ford EV before April 18 can still get the full $7,500 credit, though.

The requirements about where the batteries and the materials used to make them come from will be released soon by the Internal Revenue Service , along with an updated qualification list.

"Customers made Ford the No. 2 electric vehicle brand in the US last year, and as we scale our production to build more EVs for more customers, we believe this new incentive eligibility will help even more Americans join the EV revolution."also confirmed that all its plug-in hybrid models sold in the US are eligible for federal tax credits, although the Escape Plug-In Hybrid and Lincoln Corsair Grand Touring qualify for only $3,750.

As an alternative to the consumer incentive, commercial customers are eligible for commercial tax incentives of as much as $7,500 on all these vehicles.

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