F-150 Lightning Is Ford’s Only EV to Get Full Tax Credit
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. expects only one all-electric vehicle currently in its lineup, the , to qualify for a full tax credit under a new law designed to spur adoption of battery-powered models.
Buyers of the F-150 Lightning, as well as the , will be eligible for $7,500 worth of tax credits, with other models qualifying for half that amount, the automaker said April 5.
That will help defray the cost of EVs, which tend to cost more than gasoline-powered vehicles. But two of the three all-electric models Ford sells — the and — will be eligible for only a partial credit.
“As we scale our production to build more EVs for more customers, we believe this new incentive eligibility will help even more Americans join the EV revolution,” , chief customer officer, said in a statement.
Ford’s guidance comes after the federal government last month finalized criteria for the EV credits, which kick in on April 18. They are part of the that President Biden signed into law last year and which his administration sees as a key plank in its policy to help the auto industry transition to an all-electric future.
But the new rules make it more difficult for many EVs currently on the market to qualify for the full tax credit.
Ford said it expects the Mustang Mach-E and E-Transit models, as well as the and , to qualify for partial credits of $3,750.
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