by Audrey Streb
The Daily Caller
Several major auto companies are rushing to enlist dealers in programs that would effectively extend the $7,500 electric vehicle (EV) tax credit and help secure buyers before it sunsets on Tuesday, according to Reuters.
Ford and General Motors (GM) have reportedly launched programs for their dealerships in which the company’s financing arm makes down payments on EVs, according to Reuters. While the Biden administration pushed for EVs through tax credits and allowedCalifornia to effectively impose a national de facto EV mandate, Congress and President Donald Trump have blocked the mandate and slashed many federal EV incentives.
Some energy sector experts, including Energy & Environment Legal Institute Senior Fellow Steve Milloy, argue the companies are rushing to secure the tax credit.
“It is outrageous that Ford and GM are scheming to defraud taxpayers by conspiring with their own franchisee car dealers to ‘purchase’ their own EVs by the end of today in order to capture the $7,500 tax credit that is expiring,” Milloy told the Daily Caller News Foundation. “The IRS should deny the tax credits pending Trump Department of Justice investigation of this manipulative self-dealing.”
