A
No tax breaks, no problem.
Ford says it will complete the EV battery factory its building in Michigan, even without the generous tax breaks included in the (probably doomed) Inflation Reduction Act. The $3 billion factory is being built in Marshall, about 100 miles west of Detroit, in partnership with China’s CATL. That combination alone (an EV factory? with China?) makes it a likely target of Republicans who are in the process of gutting all the IRA’s clean energy investments. But Ford is sticking with its plan, even without generous tax breaks on the table.
“We don’t want to back off on this facility,” Ms. Drake told reporters. “When we invest, we stick behind our investments. Ford is a company that will weather the storm until we get there.”
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