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Biden To Pitch EV Plan During Visit To Ford Rouge Electric Vehicle Center

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As we reported last week, President Joe Biden is scheduled to visit the brand new Ford Rouge Electric Vehicle Center today, at which time he’ll get a sneak peek at both the facility and the new 2023 Ford F-150 Lightning. But it won’t just be a sightseeing tour, apparently. While Biden is touring the plant, he’ll also be using the opportunity to pitch his $174 billion dollar EV plan, according to Reuters.

As we reported in April, Biden’s EV spending proposal is part of his larger $2.3 trillion dollar infrastructure plan, of which $100 million is earmarked for electric vehicle consumer rebates, while $15 billion will be spent building 500,000 new EV charging stations. The plan also includes $20 billion for electric school buses, $25 billion for zero-emission transit vehicles, and $14 billion in other tax incentives.

As of right now, additional details surrounding Biden’s EV plan are a bit murky. However, Reuters reports that the proposed EV incentives will not include more expensive, luxury electric vehicles. Unlike the current $7,500 EV tax credit, Biden’s proposed incentives will reportedly be applied at the time a vehicle is purchased, substantially lowering the cost of the vehicle. Additionally, the incentives will also reportedly “incentivize manufacturers who use good labor practices.”

In addition to these consumer incentives, Biden’s plan also aims to promote the domestic production of EVs and batteries and reportedly “proposes cost-sharing grants to support new high capacity battery facilities in the United States, recognizing that new businesses may not be able to access tax credits but can pitch in their fair share as they scale their operations,” as well as grants “to build advanced vehicles and parts.”

In addition to the Ford Rouge Electric Vehicle Center, which will build the new F-150 Lightning, Ford also recently announced that it was opening Ion Park, a new battery research and development center as it works toward eventually building its own EV batteries in-house. Meanwhile, the Lightning’s reveal – set for 9:30 pm EDT tomorrow, May 19th, will give us our first look at the FoMoCo’s first-ever all-electric Ford F-150, which will join the E-Transit and Ford Mustang Mach-E in the automaker’s growing EV lineup next year.

We’ll have more on Biden’s proposed EV plan soon, so be sure and subscribe to Ford Authority for 24/7 Ford news coverage.

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Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Andrew Christian

    Excellent! This is how we bring manufacturing back to the United States. Not by trying to beat India in making buttons for shirts, but by innovating, and producing components and technology that no one else can.

    Great to see the government actually understand that some industries are just long gone or are no longer viable and we need to invest in the next frontier to ensure American dominance into the 22nd Century.

    Reply
    1. Ricky

      Couldn’t agree more Andrew!

      Reply
  2. Greggt

    What are going to about chips Joe? We can’t count on Intel and they have been using their huge profits to buy back stock instead of investing back into R&D. They admit they are three years behind in technology, who is to say any money they get, they will just buy back more stock.
    So what is the plan?

    Reply
  3. Todd Priest

    This will be fun to watch.

    Reply
  4. Joe

    This illegal occupier won’t do anything to help…can’t wait to get back to winning, winning, winning, under our true duly elected President, Donald J. Trump. America first! WWG1WGA

    Reply
  5. Mike says..

    Finally we have a President that supports American interests and expertise and puts it front and center. Perhaps he could also launch a new potato chip line in recognition of the prior administration un-accomplishments. It would come in a very small bag with very few chips and have very little taste so as not to confuse his loyal but challenged customer base!

    Reply
    1. GreggT

      I didn’t think this forum was for partisan politics?

      Reply
  6. Todd Priest

    You’re being sarcastic right??? Biden is 100% loyal to China. Everyone knows that. Wake up.

    Reply
    1. Mike says..

      You’re being stupid right??? President Biden is supporting you too…. you are lucky to live in a country that allows you to spew the noise you do…. you should just say thankyou or go back to your sofa!

      Reply
  7. Todd Priest

    Nice try fool. He’s not supporting me a shred. Go sit down somewhere and educate yourself.

    Reply
  8. Jobs

    If it wasn’t for poor failed political policies we would’ve never outsourced those jobs to begin with and wouldn’t have to “buy back” what was rightfully ours to begin with

    Reply

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