GM, Hyundai, Ford Extend EV Discount as Tax Credit Expires (1)

Automakers including General Motors Co., Hyundai Motor Co. and Ford Motor Co. said they would extend discounts on certain electric models after a $7,500 federal tax credit expired Tuesday, a bid to maintain momentum after a surge in third-quarter sales.

Car companies are stepping in to preserve discounts and smooth the sell-down of existing EV inventory after the federal EV subsidy phased out Sept. 30. GM, Ford and Jeep-owner Stellantis NV are making the $7,500 discount available for leased vehicles that are in transit or on dealer lots. The offers from Hyundai and Stellantis apply to leases and purchases; ...