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Ford CEO Jim Farley, Execs Head To White House For EV Incentive Talks

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President Joe Biden and his administration have been heavily involved in the automotive industry since taking over the White House last January, endorsing right to repair provisions, directing federal agencies to shun ICE-powered vehicles in favor of EVs, releasing an EV charging action plan, setting a goal to reach a 50 percent EV sales mix by 2030, and promising federal funding for semiconductor chip production, while Biden himself got to take a spin in a Ford F-150 Lightning prototype. Ford CEO Jim Farley has also visited the White House a few times over the past year, and will once again head to Washington D.C. along with other executives to discuss potential new EV incentives with the Biden administration, according to Reuters.

Jim Farley, General Motors CEO Mary Barra, and the heads of multiple tech firms “will meet with CEOs who support passing Build Back Better to discuss the ways his (BBB) agenda will make the U.S. economy more competitive, increase worker productivity and workforce participation, lower inflation over the long-term, and strengthen business growth,” according to a White House official.

Additionally, Biden’s current proposal aims to increase the current EV tax credit from $7,500 to as much as $12,500 for union-built electric vehicles, while also introducing a $4,000 credit for used EVs and make companies like Tesla and GM – which have surpassed the current 200,000 EVs sold cap for the existing tax credit – eligible once again. BBB also calls for a 30 percent commercial EV credit and $3.5 billion to convert existing facilities for the production of EVs.

“I’m looking forward to meeting with @POTUS tomorrow to talk about how strengthening consumer incentives will help get more drivers behind the wheels of EVs & help American workers lead the global transition to zero-emissions transportation,” Farley said via Twitter. At @Ford, we’re leading the EV revolution, breaking constraints to increase production of our all-electric icons, like the F-150 Lightning arriving this spring. Still, there’s more to be done to help make this plan a reality.”

We’ll have more on the future of EV incentives 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. Tigger

    Good luck. Build Back Better is dead in the water.

    Reply
  2. Jim Glass

    Production issues are a major problem. I understand the cop shortage and it will need to be resolved quickly for the market. I think it’s beginning to disincentive many potential EV buys who ordered car as much as two years ago and are still waiting. Ford has four new products, the Mustang Mach E, the Maverick, the F-150 Lightening, and the Bronco, all of which are in short order. Customers want them now and may be unwilling to wait after ordering. The only fix may be to stop taking orders that can’t be filled in 6 months. That’s a had thing to do but in the long run may be best for potential buyers?

    Reply
  3. NCEcoBoost

    Poor Joe just doesn’t get it, and Farley and Barra are the same. Why even bother with higher incentives (believe it when you see them) when the market doesn’t want EVs to begin with? I can see local commercial applications, but not much beyond that.

    Reply
    1. Tigger

      In today’s society, it is better to be “woke” than smart.

      Reply
  4. Tony

    The common person in the USA does not want EV’s nor do they care for the government giving money away to purchase them

    Reply
  5. Everyday Patriot

    I’m proud to be an American, and to buy innovation and technology from American companies employing Americans. I’m proud that Ford is building America in its own right. I’m proud of our president for caring about America and its future health, not just the financial wealth of his golf buddies (reference to a previous and badly vote-beaten former guy).
    Everyday patriotism is living and buying in a diverse country on a diverse planet, and spending for future generations. Being true to the United States of America today is to look forward and ensure our great-great grandchildren have a great United States of America, by building back the physical health of our home so it’s better than it will be if we do nothing.
    Thank you, President Jim Farley, and thank YOU, President and Patriot Joe Biden; America believes you’ll find consensus at your meeting of American patriots.

    Reply
    1. Tigger

      Do you want any sugar with that KoolAid?

      Reply
      1. Montana Man

        Sounds like you have a problem, Triggered.
        Don’t like Americans or America? This country might not be a good fit for ya, good buddy. Maybe it’s just the First Amendment you have a problem with, or the Constitution itself. I think Everyday Patriot has a right to be supportive of both Ford and the United States of America, even if he/she/they get attacked for that support, by hysterical people.

        Reply
        1. Tigger

          I see. An “American” to you is one that agrees with you. Those who who use their First Amendment rights to disagree with skewed views are unpatriotic and need to leave the country.

          Reply
    2. Montana Man

      Damn, that’s well said!
      It’s good to know yet another fan here of The Oval and the United States of America, and her territories and protectorates.
      Stand Proud!

      Reply
      1. Tigger

        And if we don’t agree with the way this nation is being torn apart by those in office we don’t love the US?

        Reply
  6. David Dickinson

    Build the infrastructure to support EVs first.

    Reply
    1. Tigger

      Shhh. You’re talking too much common sense- something in very short supply these days.

      Reply
    2. Montana Man

      President and Patriot Joe Biden included 500,000 charging stations across these United States of America for all Americans to have access for filling their electric vehicles’ batteries, paid for with my tax dollars. In a display of true leadership, President and Patriot Joe Biden succeeded in gaining the bipartisan votes for his infrastructure bill to become law. The 500,000 charging stations will not be built all at once, but in exponential numbers commensurate with the fast-growing segment of electric vehicles. As of the end of 2020, there are 103,750 charging stations, built primarily in states with legislatures and governors who recognized early their own America patriots’ strong desires to buy vehicles with lower operating costs and environmental benefits.
      On our ranch here in Central Montana, we have poured concrete pads at the intersection of two county roads. Anyone will be welcome to charge their vehicle on our property, and we plan to work with the commission in our own legislature to buy the charging equipment at cost. We will add our location to the database of charging stations, for the benefit of our fellow Montana American patriots. Electric vehicles aren’t going away, Americans; we have our own Lightning on the books.
      The infrastructure has been built first. Now we are going to Build Back Better with President and Patriot Joe Biden’s and Congress’ Infrastructure Investment and Jobs law.
      Is there an electric Ford in your future?
      Sure; many millions of them.

      Reply
      1. Tigger

        There are about a dozen or more Joe Biden’s in the US. Which one is the patriot? 🤔

        Reply
        1. Everyday Patriot

          The patriot Joe Biden that this fellow patriot and almost 100,000,000 other America-loving patriots like him voted for, over former guy. The patriot Joe Biden who defeated the weak plutocrat in the Electoral College votes.
          The patriot Joe Biden who is YOUR President of the United States of America, and mine, working with Americans to Build Back Better—-not Benefit The Billionaire Buddies.
          THAT patriot Joe Biden.
          Now, the subject was electric vehicles, which are not going anywhere but forward, onward and upward. Can you get back to that topic?

          Reply
  7. Scottt

    Suggestion; rather than offering huge incentives, simply offer this: Buy an EV new or used, pay no sales tax on purchases up to $100,000. Buy an EV new or used, pay nothing to license for five years. For EV’S up to $100,000. It would be simple, less expensive and extremely effective. Think both parties would support, Republicans love cutting taxes, Dems would love making EV’S more affordable.

    Reply

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