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Ford Motor Company (F) has announced its decision to withdraw a program allowing dealers to pass on a $7,500 tax credit on EV leases after the federal subsidy expires on September 30, 2025. This move follows a similar decision by General Motors Company (GM). Ford will continue offering competitive lease rates but will not claim the EV tax credit.
In the third quarter of 2025, Ford sold 545,522 vehicles in the U.S., an increase of 8.2% year over year, marking seven consecutive months of sales growth. Sales of pickups and vans reached 313,654 units, up 7.4%, while electrified vehicle sales totaled 85,789 units, a 19.8% year-over-year increase.
Ford also reported tariff-related costs of $800 million in Q2 2025 and now expects a total of $2 billion for the year, up from a previous estimate of $1.5 billion. Their Model e unit, tasked with EV production, has incurred losses growing to $5.07 billion in 2024 due to pricing pressures and investment costs.
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