At the moment, there are bills in both the House and Senate that would effectively end the current federal EV tax credit, both for consumers and organizations. While each varies a bit in terms of specifics, Ford has made it quite clear that it’s concerned about the impact this might have on its under-construction BlueOval Battery Park Michigan site, which is currently slated to begin building lithium-iron phosphate (LFP) batteries in 2026. That includes some comments from Executive Chairman Bill Ford, who recently spoke out on that topic yet again.
“There’s really two credits, there’s the customer credit and the production tax credit, and they’re both important,” Ford told NBC News in a recent interview. “But the production tax credit’s one that we really feel that it’s actually not fair to change the rules in the middle of the game because we made investment decisions based upon it being in place. And now, if it’s being pulled away, those decisions would have been made perhaps differently.”
Back in January, Ford CEO Jim Farley stated that “Many of our plants in the Midwest that converted to EVs depend on the production credit. We would have built those factories in other places, but we didn’t. Our Marshall, Michigan, factory here … the reason we’re building that in Michigan is because of the production tax credit. It changed the math for a lot of investments. That’s the key focus for us.”
Then, just last month, Bill Ford went so far as to say that ending the production EV tax credit could threaten the future of the new battery plant entire – “we’re building a new battery plant in Marshall, Michigan, so battery assembly can be done by American workers right here,” he stated. “The House bill puts this at risk. Congress can make a decision to either force the U.S. to remain dependent on China or enter a new era of American independence and innovation.”
Comments
The Trump administration is lucky that it can find its head with both hands, let alone understand the long term impacts of its short-sided policies.
Every tax paying American is supposed to supplement the cost of an EV vehicle? The only reason there is a tax credit is so someone who can’t afford an EV can purchase one or so the manufacture can make a profit. How about if you can’t afford it don’t buy it OR make it affordable to buy! Just leave my money out of it.
Billionaire Bill Ford is worried about making his next billion dollars