US Edition
EV plant jeopardized as local leaders call for continuation of tax credits
- Local leaders and more than 100 business figures urge Congress to preserve EV tax credits to protect the BlueOval Battery Park in Marshall, Michigan.
- This appeal comes after the House approved a budget measure that removes the tax incentive supporting manufacturers, including the plant, particularly those employing Chinese technology in their battery production.
- The BlueOval Battery Park, planned to produce lithium iron-phosphate batteries and create 1,700 jobs by 2026, has already received $210 million plus a $772 million tax exemption from Michigan.
- Bill Ford emphasized that their financial commitment was based on existing policies and expressed that it would be unjust to alter those policies after the funds have already been spent.
- If credits end, the project and regional clean energy manufacturing face serious risk, potentially slowing EV adoption and affecting U.S. competitiveness with China.
36 Articles
36 Articles
The fate of the EV tax credits depends on the GOP's megabill
The House version of the tax bill would revoke credits for EVs starting at the end of this year. If the plan survives, it would dramatically shape automaker investments and EV sales.(Image credit: Justin Sullivan)
Daily Journal
EV plant jeopardized as local leaders call for continuation of tax credits
(The Center Square) – A multi-billion dollar Michigan plant currently under construction is in jeopardy as the federal budget package proposes cuts to electric vehicle tax credits.
Politics & Government Clean energy tax credits key part of jobs growth in NC
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We discover nothing to you by repeating that since his return to the White House, Donald Trump has not created prisoners as far as measures are concerned. If we focus on the tariffs imposed on cars, the victims have not only been the foreign manufacturers but also the Americans. However, the rates are not the only concern of the same ones since renowned firms like Ford are warning of the danger of suppressing tax credits for the battery producer…
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