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After GM, Ford Pulls Back EV Incentive Extension Beyond Trump's September 30 Deadline Amid GOP Concerns: Report - Ford Motor (NYSE:F)
Ford MotorFord Motor(US:F) Benzingaยท2025-10-10 04:09

Group 1: EV Incentives and Market Response - Ford Motor Co. has decided to roll back the EV incentives it initially planned to offer beyond the September 30 deadline, following General Motors' similar decision due to concerns from Senator Bernie Moreno [1][2] - Ford will not claim the EV tax credit but will maintain competitive lease payments and continue offering 0% financing for 72 months as alternative incentives [2][3] - Other automakers like Stellantis NV and Hyundai Motor Co. are still providing cash discounts and incentives on EVs beyond the deadline, with Hyundai reducing the price of its Ioniq 5 EV [4] Group 2: Industry Perspectives - Jon McNeill, a former Tesla executive, stated that the U.S. EV market is ready to grow without federal incentives, suggesting a shift in market dynamics [5] - Ford is also providing low-interest loans to customers with subprime credit ratings for its F-150 pickup truck, aiming to make financing accessible to a broader customer base [7] Group 3: Company Operations and Employee Policies - Ford has been sending automated emails to employees regarding compliance with the 'Return to Office' mandate, with reports of inconsistencies in communication for those with pre-approved work-from-home arrangements [6] - The company is noted for offering satisfactory momentum, growth, and quality, while also scoring well on the value metric, indicating a favorable price trend in the short, medium, and long term [8]