Stellantis and BMW Offering Rebates to Cover Expired Federal EV Tax Credits

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The automakers aren't ready for a world where EV costs rise by $7500, with both offering customer rebates now that the EPA's tax credit is gone.

BMW and Stellantis are both offering customers a discount to buy electric vehicles.

• The automakers are replicating the now-defunct EPA tax credit for electric and plug-in hybrid vehicles.

• The Stellantis program will only extend while inventory lasts, while BMW is offering the rebate through the end of October.

In the months between the Trump administration announcing that it would end the $7500 federal EV tax credit and the credit actually going away on September 30, EV sales absolutely soared. Customers on the fence about buying an electric vehicle were given a hard deadline to make a decision, and automakers profited. But now that the federal help is gone, automakers are left with electric vehicles to sell and a customer base that doesn't want to pay higher prices. BMW and Stellantis are delaying those higher prices by replicating the program—at least for now.

According to a report from Electrek, Stellantis confirmed that it will replicate the EPA program for its full lineup of electric and plug-in hybrid models. That list includes the Alfa Romeo Tonale, Chrysler Pacifica, Dodge Charger Daytona, Dodge Hornet R/T, Jeep Wrangler 4xe, Jeep Grand Cherokee 4xe, and the Jeep Wagoneer S. According to the Electrek report, the automaker will only offer the credit on models already in its inventory, meaning it could end any day now. The automaker did not immediately respond to a request for comment from Car and Driver.

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