Ford says new rules to cut EV tax credit in half for most models, Reuters reports

Ford Motor said on Wednesday that four of its six electric and plug-in electric hybrid models will see tax credits halved to $3,750 on April 18 after new U.S. Treasury rules take effect, Reuters’ David Shepardson and Nathan Gomes report. Only the F-150 Lightning pickup truck and Lincoln Aviator Grand Touring will still be eligible for a $7,500 credit. The other models currently getting credits – Ford Mustang Mach-E, Ford E-Transit, Ford Escape Plug-In Hybrid and Lincoln Corsair Grand Touring – will see credits drop to $3,750. Reference Link