GM, Ford programs to extend use of $7,500 EV lease credit, Reuters reports

General Motors (GM) and Ford (F) are launching programs that would extend the use of a $7,500 U.S. tax credit on leases of electric vehicles beyond the Tuesday expiration of the federal subsidy, Reuters’ Mike Colias reports. Both companies have recently rolled out programs to their retailers under which their financing arms would initiate the purchase of EVs in dealers’ inventory by making down payments on them, according to dealers briefed on the programs and documents from the companies.