Old auto manufacturers know that EVS is the future – but as public companies, the only future they can plan is the next quarter profit report. Due to the support of the current American administration of new technologies, car manufacturers were often silent, some of which have expanded the scope of electric plans previously announced.
Therefore, it is refreshing to hear that Ford still hopes to complete a new LFP battery factory in Michigan, even if the Congress makes the legitimate not qualified to obtain tax incentives.
The factory is worth $ 3 billion, in Marshall, Michigan, the technology that was licensed by Ford from the Chinese company Catl. Ford Exples said that the tax credits of American batteries are submitted under the Act of Inflation can be compensated for about a quarter of the factory cost.
However, a draft law that makes its way through Congress prohibits federal support for batteries that use technology from China. Ford says the loss of credits will have a “very material” effect on the financial performance of the factory.
“We do not want to back down from this facility,” said Lisa Drake, Vice President of the Ford Technology and EV programs for reporters. “It would be really a shame to build these facilities and then you should suddenly expand to the most important part, which is people.”
The Ford Production Factory is scheduled to start in 2026, and is expected to create 1700 jobs.
Many US batteries are used to build suppliers in South Korea or Japan, which are not targeted by the bill.
Ms. Drake said that Ford might have been the factory would arise outside the United States if not for the tax credits provided by the Irish Republican Army to the Biden Administration. She also indicated that the factory manufacturing machines, now known from China, will be subject to higher definitions than expected previously.
A White House spokesman told the New York Times.
Well, perhaps not every community of a car colleague. David Green, director of the United Auto Labor Region, which covers Ohio and Indiana recently wrote in the Ohio Capital Journal: “Canceling the credits of clean vehicle tax alone can reduce the sales of EV up to 40 percent by 2030, and can lead to the current assembly client, a number of offers that have been manufactured greatly voted, followed by currencies that were manufactured in a way Great, follow it, notice it and adhere to it.
Sources: The New York Times, Washington examiner, Ford
