Citing inflation, Ford hikes EV prices $8.5k, erasing $7.5k EV tax credit in Inflation Reduction Act

On Aug. 9, just before President Biden signed the Inflation Reduction Act into law, Ford announced that due to inflation it will raise the prices of its electric F-150 Lightning pickups between $6,000 and $8,500 — effectively canceling out the $7,500 federal EV tax credit applicable to the vehicles under the $740 billion...