Be not a witness against thy neighbor without cause; and deceive not with thy lips. Say not, I will do so to him as he hath done to me: I will render to the man according to his work. Proverbs 24:28-29

Ford Will Keep Battery Factory Even if Republicans Ax Tax Break

Ford Will Keep Battery Factory Even if Republicans Ax Tax Break  at george magazine

Ford Motor said it would open a new plant in Michigan that could become ineligible for federal incentives under a policy bill championed by President Trump and passed by the House.

Ford Motor said on Monday that it was committed to completing and opening a battery plant in Michigan, even if Congress and President Trump make the project ineligible for tax incentives.

The $3 billion plant, in Marshall, Mich., 100 miles west of Detroit, uses battery and manufacturing technology that Ford licensed from a Chinese company, Contemporary Amperex Technology Ltd., known as CATL.

Ford decided to build the factory two years ago under the expectation that a portion of the cost would be offset by federal tax credits provided by the Inflation Reduction Act, former President Joseph R. Biden Jr.’s signature energy and climate change legislation. As a result, losing the credits would have a “very material” effect on the plant’s financial performance, a Ford executive said.

But Republicans in Congress are working on a policy bill that could bar federal support for battery plants that use Chinese technology or materials. Mr. Trump has supported that effort and sharply criticized Democratic efforts to encourage the use and production of electric vehicles.

At a tour of the factory on Monday, the Ford executive, Lisa Drake, said the company would move ahead even if such restrictions were signed into law.

“We don’t want to back off on this facility,” Ms. Drake, who is vice president for technology platform programs and E.V. systems, 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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