US EditionFord Battery Plant Clears Hurdle With Tax Credit Win
MICHIGAN, JUL 8 – Ford’s Michigan EV battery plant will benefit from a $35 per kWh tax credit amid concerns over foreign partnership and U.S.-China tensions, supporting 2,500 jobs, officials said.
- Ford announced on July 8, 2025, that its Marshall, Michigan battery plant is on track to qualify for a federal production tax credit.
- This follows President Donald Trump signing a revised tax and spending bill on July 4, which softened restrictions that had threatened the plant's eligibility.
- The $3 billion plant, expected to open in 2026 with 1,700 jobs, will produce lithium iron phosphate batteries licensed from Chinese company CATL despite political scrutiny.
- Ford stated the tax credit offers $35 per kWh for battery cells, making qualification a win for customers and American competitiveness as the plant’s 20 GWh capacity advances EV affordability.
- The outcome preserves Ford's investment in domestic EV battery manufacturing amid geopolitical concerns, while the Treasury finalizes detailed eligibility guidelines.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
All
Left
4
Center
3
Right
Coverage Details
Total News Sources11
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
To view factuality data please Upgrade to Premium
