Ford and Gres Motors buy its EVS to keep the $ 7500 tax credit alive.

It seems that Ford and Granur Motors have worked on an interesting scheme to keep them Federal tax credit is over $ 7,500 From sales leadership. According to ReutersCar manufacturers work with traders in short -term programs that allow customers to continue obtaining tax credit on the rented EVS during the rest of the year.

The programs will work under the financing arm of each auto industry, according to the documents seen in Reuters and the interviews with the traders informed of the plan. It works mainly like this: Ford and Jurral Motors will buy from its traders by placing their financing departments payments on all electrical models in their stock before the tax credit is over. Traders will then rent cars to customers with a discount of $ 7,500 baked in the price.

Car industry companies hope to reduce the strike on car shoppers and maintain the momentum that many merchants have seen in recent weeks. EV sales rose in July and August, while shoppers rushed to claim credit before its expiration on September 30. Experts expect that once the credit disappears, EV sales will decrease.

“Ford is working to supply Ford electric car shoppers with competitive lease payments on rental contracts through retail trade through Credit until December 31,” Dan Barbosa, a company spokesman, said in an email. (General Motors spokesman did not immediately respond to a request for comment.)

Ford and GM Motors reviewed the new programs with officials from the internal revenue service before putting into practice, and Reuters says three sources. In August, the Tax Authority said that vehicles should be purchased by September 30 to qualify for tax credit worth $ 7,500.

Of course, there are some concerned risks. Ford and Granur Motors will take a financial success over any unproductive EVS. It is unclear whether either the auto manufacturer plans to expand the discount program on the rented EVS during the end of the year. Ford’s F-150 Lightning was the only EV in the qualified team squad to obtain tax credit (Mustang Mach-E did not meet the battery requirements). General Motors had many qualified EVS, including Chevy Equinox, Blazer and Silvedo, as well as Cadillac Lerke, Optic, Vistiq, and GMC Sierra Ev.