Ford F-150 Lightning, Mustang Mach-E, and E-Transit eligible for tax credits in 2023

5 April 2023, 13:15:08

Following the release of additional guidance from the U.S. Treasury Department, Ford Motor Company has confirmed that all three of its currently available popular electric vehicles, as well as its plug-in hybrids, are eligible for Inflation Reduction Act federal tax credits in 2023. The available BEVs by Ford are:

Ford F-150 Lightning - USD 7,500 credit
Ford Mustnag Mach-E - USD 3,750 credit
Ford E-Transit - USD 3,750 credit

For any 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.

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