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Ford Ends EV Lease Tax Credit Incentive Program

The automaker has discontinued its tax credit offer for electric vehicle leases, marking a shift in its EV promotion strategy.

Summary

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Terms & Concepts
  • EV Tax Credit: A government incentive that reduces the tax liability for purchasers or lessees of eligible electric vehicles.
  • Electric Vehicle Lease: A contractual agreement allowing a customer to use an electric vehicle for a set term in exchange for regular payments.