Ford Motor Co. on Thursday said it won’t file for federal plug-in vehicle tax credits for transactions after the program’s deadline, following a similar decision by General Motors Co.

The Dearborn automaker will continue to offer its current lease rates to customers, but will not claim the tax credit of up to $7,500. The incentive ended on Sept. 30, but Ford and GM through their finance arms found a workaround to extend that taxpayer-funded discount.

Following pressure from Sen. Bernie Moreno, an Ohio Republican and former auto dealer, to abandon the scheme, however, both companies have withdrawn their plans.

“Ford will not claim the EV tax credit but will maintain the competitive lease payments we have in the market today to continue providing customers with more affordable electric ve

See Full Page