Automakers including General Motors Co., Hyundai Motor Co. and Ford Motor Co. said they would extend discounts on certain electric models after a $7,500 federal tax credit expired Tuesday, a bid to maintain momentum after a surge in third-quarter sales.
Car companies are stepping in to preserve discounts and smooth the sell-down of existing EV inventory after the federal EV subsidy phased out Sept. 30. GM, Ford and Jeep-owner Stellantis NV are making the $7,500 discount available for leased vehicles that are in transit or on dealer lots. The offers from Hyundai and Stellantis apply to leases and purchases; ...
