Stellantis Bonus-Cash Offer Effectively Extends Federal EV, PHEV Tax Credits
Key Points:
- The federal tax credit for electrified vehicles expired on Sept. 30, 2025.
- Stellantis is offering a bonus-cash equivalent to the tax credits.
- Offer only applies to vehicles currently in dealership inventory.
The federal tax credit for electric vehicles and some plug-in hybrid vehicles has expired, but automakers are taking measures to keep buyers interested — at least for a little while. Stellantis, parent automaker of Alfa Romeo, Chrysler, Dodge and Jeep, is adding its own deal into the mix.
Related: Automakers Announce Extension of Tax Credit Discounts for EVs Into Fourth Quarter
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Previously, Hyundai responded to the end of the tax credit by slashing prices on the Ioniq 5 by even more than the tax-credit amount. Ford and GM also exploited an effective workaround, with their in-house financial arms initiating payments on vehicles in dealer inventory. The tax credit was structured such that buyers could claim it even if all they did was trade in a vehicle or make a small down payment prior to the deadline; the buyer in this case is the automaker themselves, and they can pass the savings on to the shopper when they sign on for a lease.
Stellantis is taking a more direct approach. It is simply offering buyers and lessees a cash equivalent to the tax credit the vehicles were eligible for, effectively an upfront price reduction. That’s $7,500 off the Chrysler Pacifica PHEV and Jeep Wagoneer S EV. Other Stellantis EVs and PHEVs, including the Dodge Charger Daytona and Hornet, Jeep 4xe models and Alfa Romeo Tonale, are eligible for a credit when leased.
However, the offer only applies to vehicles already in dealer inventories. So, while this move gives buyers a little more time to get their finances in order for a new-vehicle purchase or lease, the clock is ticking — and the pool of available vehicles will dwindle until they’re all gone. Still, the offer looks better than Tesla’s response, which was to immediately jack up lease payments once the tax credit expired.
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Cars.com’s Editorial department is your source for automotive news and reviews. In line with Cars.com’s long-standing ethics policy, editors and reviewers don’t accept gifts or free trips from automakers. The Editorial department is independent of Cars.com’s advertising, sales and sponsored content departments.
Automakers Announce Extension of Tax Credit Discounts for EVs Into Fourth Quarter
By Aaron Bragman
October 3, 2025
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2025 Chevrolet Blazer EV SS | Manufacturer image
Key Points:
- While the federal tax credit for electric vehicles has ended, some automakers are still offering big discounts on purchases and leases of new EVs through the end of 2025.
- Some brands have also already lowered prices on 2026 models.
If you missed the Sept. 30 deadline for buying or leasing a new electric vehicle to take advantage of the $7,500 federal tax credit, it appears there’s still a chance left for you to snag that deal. Several automakers have announced in the days since the Tuesday expiration date that they are either extending discounts out of pocket to buyers or that their finance arms have already put down payments on tens of thousands of their own EVs in order to secure the credits, which are ready to be leased out to customers in the next few months. Here’s what we know so far.
Related: The EV Tax Credit Is Done; What Should an EV Shopper Do Now?
2025 Hyundai Ioniq 5 | Manufacturer image
Deals Are Still Happening
Ford and GM have said that they are still offering lease deals for EVs through their own captive finance companies. According to Bloomberg, GM has more details of its deal, with a person knowledgeable of the program saying that automaker’s financing company, GM Finance, has put down payments on more than 30,000 EVs that are now ready to go to customers, locking in the $7,500 credit before it expired. Its deal will be good through the end of 2025 or until the inventory has been depleted, and the vehicles must be leased through GM Financial. Most GM dealers are participating in the program, but customers should inquire at the dealer for details like interest rates, fees and terms.
Meanwhile, Ford has also announced lease deals, while Hyundai and Stellantis have said that their deals will apply to both purchases and leases. For instance, Hyundai is discounting the 2025 Ioniq 5 by $7,500 and has announced a price drop of up to $9,800 for the upcoming 2026 version, depending on trim level.
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These deals are added to the one already available from Acura for its remaining ZDX SUVs as the brand ends production of its joint-venture EV after just one model year and is putting $4,000 on the hood of remaining inventory. The ZDX is set to be replaced by Acura’s homegrown RSX EV in the second half of 2026.
Sales reports for September are still coming in, but signs point to it being a gangbuster sales month for EVs in particular, as customers raced to finalize purchases and leases before the tax credit deadline. But the end of the federal tax credit does not mean the end of interest in EVs — as the year comes to a close, it may be that there will still be even more remarkable deals to be had as automakers close out 2025 (and in some cases, 2024) inventory before the calendar-year change.
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Cars.com’s Editorial department is your source for automotive news and reviews. In line with Cars.com’s long-standing ethics policy, editors and reviewers don’t accept gifts or free trips from automakers. The Editorial department is independent of Cars.com’s advertising, sales and sponsored content departments.
Detroit Bureau Chief
Nissan Recalls 19,000-Plus Leaf EVs for Overheating Battery
By Corinne Vercoe
October 3, 2025
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Nissan is recalling its Leaf electric vehicle over an issue with the lithium-ion battery that could cause a fire. More than 19,000 vehicles are affected.
Related: More Nissan News
Affected vehicles include model-year 2021-22 Leaf hatchbacks. Due to excess lithium deposits in the battery cells, the lithium-ion battery in these vehicles may overheat during DC fast charging, increasing the risk of a fire.
As a fix, dealers will update the battery software for free. Owners are advised not to fast-charge until the remedy is completed. Interim letters notifying owners of the issue are expected to be mailed Oct. 24; a second letter will be sent out once a remedy is available. Those with further questions can contact Nissan at 800-867-7669 (Nissan’s recall number for this issue is R25C8), the National Highway Traffic Safety Administration’s vehicle-safety hotline at 888-327-4236, or visit its website to check their vehicle identification number and learn more.
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Cars.com’s Editorial department is your source for automotive news and reviews. In line with Cars.com’s long-standing ethics policy, editors and reviewers don’t accept gifts or free trips from automakers. The Editorial department is independent of Cars.com’s advertising, sales and sponsored content departments.
Copy Editor
Corinne Vercoe has been writing professionally for 10 years. She began producing and editing content for the automotive industry in 2018, joining Cars.com as Copy Editor in 2021. She is a member of the Midwest Automotive Media Association and inherited an interest in cars from her father, a lifelong Chevrolet Corvette enthusiast.
