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.
Read More About Stellantis Electrified Vehicles on Cars.com:
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- Chrysler Celebrates Centennial With 2026 Pacifica 100th Anniversary Edition
- 2025 Alfa Romeo Tonale Trims Turn to Packages, Tributo Italiano Edition
- Wagoneer Train: 2025 Jeep Wagoneer S Limited Priced From $66,995
- Can the 2026 Dodge Charger Daytona EV Do Woodward Dream Cruise?
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