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EV makers fill tax-credit void with costly discounts
Yahoo Finance· 2025-10-13 19:00
With the federal government’s $7,500 tax credit for electric vehicle buyers now dead, many automakers are digging into their own coffers for big discounts to keep EV inventory moving. Hyundai Motor Co., for instance, has kicked in a $7,500 cash incentive on the 2025 Ioniq 5 this month and cut the small crossover’s sticker price by up to $9,800 for 2026. General Motors and Ford Motor Co. thought they had found a way to help customers benefit from the tax credit for several more months. But they abruptly ba ...