Remove Buy Remove Dealers Remove Purchase Remove Vermont
article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

Ford 98
article thumbnail

Canada and California to work together on cleaner transportation

Green Car Congress

This could include sharing lessons learned by both jurisdictions about requirements, incentives, and dealer inducements to boost sales, along with sharing approaches to developing charging infrastructure. In the 2019 budget, the Government of Canada announced rebates of up to $5,000 for consumers on the purchase of zero-emission vehicles.

Canada 255
article thumbnail

EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

article thumbnail

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

Passage by the Senate is far from a certainty and will require all 50 yes votes including from conservative-leaning Democrat Senator Joe Manchin of West Virginia to the Independent Senator Bernie Sanders of Vermont. Option to Convert the Tax Credit to a Time of Purchase Rebate. Effective Date: Jan 1, 2022.