EV Credit Runs Out Today—Ford and GM Buyers Can Still Save $7,500

September 30, 2025

When you’ve had your eye on an electric vehicle, today might feel like a deadline you can’t afford to miss. The EV credit officially expires tonight, meaning the $7,500 federal tax break disappears for most buyers. But here’s the twist: Ford and GM have rolled out programs that let certain buyers still benefit from that same $7,500… if they act smart and fast. In this article, we explain exactly how those work, who qualifies, and what to watch out for as the credit ends. Your next EV decision could hinge on knowing these loopholes.

The EV Credit: What’s Changing Tonight

The federal EV credit has long been a key incentive for buyers to go electric. As of midnight tonight, the $7,500 subsidy for purchasing a new qualifying EV is scheduled to expire. That means buyers who haven’t already locked in the credit may lose out, unless automakers intervene. Ford and GM are stepping in with programs designed to extend that benefit, at least in some form. The coming months will test whether those workarounds soften the blow of losing the official credit.

How Ford Is Stretching the EV Credit

Ford’s approach relies on using its financing arm to pre-pay for EVs sitting in dealer inventory. By making those down payments before tonight’s deadline, Ford’s finance unit becomes eligible for the $7,500 tax credit itself. Then, dealerships can lease those same vehicles to customers with the subsidy built into the lease terms. Ford has publicly said this program will last through December 31, giving buyers a buffer beyond tonight. If you’re eyeing a Ford EV, ask your dealer whether the vehicle is in inventory and eligible for this program.

GM’s Game Plan to Pass Along Savings

GM is using a similar strategy to Ford’s, working with its dealer network to keep $7,500 incentives in play via leases. GM’s financing arm will buy qualifying EVs before the deadline and then let dealers lease them with the savings factored in. Unlike a cash rebate or direct buyer tax credit, this method applies to leases, not purchases. GM says it’s coordinating with its dealers now to roll this out as quickly as possible. This is a lifeline for customers who weren’t able to complete a purchase before the credit expired.

Who Qualifies and What the Risks Are

You might be wondering: are these offers open to everyone? The answer is no. They tend to apply only to EVs already in dealer inventory and through lease deals. If the vehicle isn’t stock or hasn’t been pre-purchased by the automaker’s financing arm before tonight, you may not benefit. Also, you won’t claim the credit personally on your taxes. These programs embed the savings into your lease structure. If regulations or IRS rules change, there’s an execution risk. And of course, once the automaker programs expire (the end of December), the baseline EV credit is gone.

Steps to Lock in the Savings Today

If you’re serious about making the $7,500 work for you, here’s what you should do immediately.

Visit or call local Ford and GM dealers and ask whether they’re offering the special pre-purchase and lease credits.
Ask whether the specific EV you want qualifies (already in inventory and eligible).
Demand documentation: see proof that the automaker’s financing arm purchased the vehicle or paid the down payment.
Compare lease terms carefully and make sure you’re actually getting the full $7,500 advantage, not a watered-down version.
Decide quickly; the window is limited, and once inventory or incentives dry up, the opportunity vanishes.

Why the EV Credit Fallout Matters to You

Losing the federal EV credit is a big shift in the electric vehicle landscape. Automakers will likely raise prices, reduce incentives, or tighten margins in response. Buyers without these workarounds will face steeper costs. The industry will also test consumer demand: will EV sales drop now that the subsidy vanishes? For those who lock in one of these special Ford or GM lease deals, it’s a rare chance to capture the same benefit others just lost. But it’s not a guarantee. This is a temporary bridge, not a permanent patch.

Expect the EV landscape to shift dramatically now that the standard EV credit expires. Ford and GM’s efforts create a narrow window to still capture $7,500 in savings. While clever, these programs have conditions, limits, and risks. If you’re pursuing an EV, move quickly, verify every detail, and don’t assume all models are eligible. The days ahead may bring leaner incentives and tighter margins, and the buyers who acted before the credit sunset may be the ones who got the best deal.

Did you manage to snag a Ford or GM EV deal today using this workaround? Or did you miss out? Share your experience in the comments below!