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Ford’s $3B Michigan EV Battery Plant Faces Uncertainty Over Subsidy Cuts
Ford’s $3B Michigan EV Battery Plant Faces Uncertainty Over Subsidy Cuts
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BTCCSquare news:
Ford Motor Company's $3 billion electric vehicle battery plant in Marshall, Michigan, hangs in the balance as political debates threaten critical tax credits. The facility, slated to open in 2026 with 1,700 jobs, could lose $2.3 billion in Inflation Reduction Act benefits if Congress scales back the 45X manufacturing credit.
New tariffs and potential EV incentive reductions compound the financial pressure. The plant's lithium iron phosphate battery production—a linchpin of Ford's electrification strategy—now faces viability challenges amid Washington's subsidy uncertainty.
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