- The Ford Power Promise, which provides a complimentary home charger and installation when you buy a new Ford EV, has been extended until Sept. 30.
- That’s the day the EV tax credits, which save up to $7,500 on a new electric purchase, will expire.
- Ford says it has installed more than 10,000 chargers in 50 states.
Over the past year, Ford has been doing something that electric-vehicle advocates say every automaker should do: throwing in a home charger when a car is purchased, and covering its installation cost. That program was supposed to come to an end last month.
But now, as Ford stares down the end of the EV tax credits and potentially reduced electric demand like every car company, that program—known as the Ford Power Promise—is sticking around. At least, it will as long as the tax credits do, and those come to an end on Sept. 30.
In other words, you have about two-and-a-half months left to get a Ford EV with the tax credit for up to $7,500, plus a home charger and installation. It’s not a bad deal, but like all good deals, it won’t last forever.
“While the landscape for electric vehicle incentives may be changing, Ford is stepping up to ensure that making the switch to electric remains both accessible and advantageous for consumers,” Ford spokesperson Maria Buczkowski said in an email. “As a result, drivers are saving an estimated $26 to $55 a fill-up, depending on the electric vehicle.”
Photo by: InsideEVs
That’s taking into account the cost of residential electricity vs. that of the average price of a gallon of gas. Granted, DC public fast charging often isn’t cheap—many of my “fill-ups” on those can be $30 or more in New York—but like most EV drivers, I use those only on road trips and longer drives. According to most data, about 80% to 85% of EV owners charge up at home.
But Level 2 EV chargers can cost several hundred dollars, and installation can run anywhere between $2,000 and $10,000, depending on how your home is wired. That means that Ford’s Power Promise remains a very good deal, and one that’s seamless for EV newcomers who often don’t understand the complicated ins and outs of charger-shopping and installations.
2023 Ford Mustang Mach-E GT
Photo by: Patrick George
The Ford Power Promise also allows access to a vast network of public EV chargers, including the Tesla Supercharger network, and a 10-year battery warranty that guarantees 90% health at 100,000 miles. Multiple studies and tests InsideEVs has covered indicate that modern EV batteries last considerably longer than most people think, often getting past 200,000 and even 300,000 miles with 80% battery capacity or more.
Getting the deal requires the purchase or lease of a new 2025 F-150 Lightning, Mustang Mach-E or E-Transit Cargo Van from a participating Ford dealer between now and Sept. 30. Check Ford’s website for the fine print.
Contact the author: patrick.george@insideevs.com