06:49 AM EDT, 09/30/2025 (MT Newswires) -- Ford (F) and General Motors ( GM ) are rolling out programs with car dealers to extend the use of the $7,500 US electric vehicle tax credit on leases beyond the Sept. 30 expiration, Reuters reported Monday, citing dealers and documents.

The programs involve making down payments through the automakers' financing arms for EVs in dealer inventory, which Reuters said would allow them to qualify for the tax credit and re-lease those vehicles later to retail customers.

The companies brought out the program after talks with the Internal Revenue Service, Reuters reported, citing three sources who weren't identified. In July, President Donald Trump signed a tax bill that ends the federal tax credit on EVs.

GM told Reuters that it's working with dealers "on an extended offer for customers to benefit from the tax credit for leases," while Ford said it is working to provide customers with lease payments on retail leases through Ford Credit until Dec. 31.

Ford and GM did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)