Ford's Entire BEV Lineup Still Qualifies IRA Fed Tax Credit

Discussion in 'Ford' started by xcel, Apr 8, 2023.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Hi All:

    Earlier this week, the U.S. Treasury Department released additional guidance for current and future BEV/PHEV Fed tax credit availability via the Inflation Reduction Act (IRA). Ford has confirmed that all three of its currently available BEVs including the F-150 Lightning, Mach-E, and E-Transit as well as its PHEVs are eligible for Inflation Reduction Act federal tax credits in 2023.

    2023 Ford Mustang Mach-E


    Eligibility amount for each vehicle follows:
    • Ford F-150 Lightning: $7,500 credit
    • Ford Mustang Mach-E: $3,750 credit
    • Ford E-Transit: $3,750 credit
    • Ford Escape Plug-In Hybrid: $3,750 credit
    • Lincoln Corsair Grand Touring: $3,750 credit
    • Lincoln Aviator Grand Touring: $7,500 credit
    Eligible customers who take delivery of a Ford EV prior to April 18, the eligibility amount will be $7,500. All of these consumer incentives require the vehicle MSRP be at or below $80,000, and that the purchaser must meet certain income limits. Every one of these vehicles is assembled in North America, which is another requirement for the consumer tax incentive.

    As an alternative to the consumer incentive, commercial customers are eligible for commercial tax incentives of as much as $7,500 on all these vehicles.

    BillLin likes this.

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