Ford Motor Co‘s (NYSE:F) all-electric Mustang Mach-E SUV is unlikely to qualify for EV tax credits starting next year.
What Happened: Ford told in a bulletin to dealers to reach out to customers in their pipelines and close sales before year to ensure they receive the tax credit, Reuters reported. While it is unlikely Mach-E will qualify, the company is still reviewing if the F-150 Lightning EV truck will be eligible for tax credit, the report added.
Currently, Mach-E qualifies for a federal tax credit of $3,750 and the Lightning for a full $7,500. The Lightning is the sole EV from Ford to qualify for full tax credit.
The change in tax credit ...
