Ford Will Keep Battery Factory Even If Republicans Ax Tax Break
In addition to giving tax breaks to consumers who buy or lease electric cars and trucks, the Inflation Reduction Act provides tax credits for automakers and suppliers that build battery plants in the United States. If the credits survive, they could offset about a quarter of the cost of the plant in Marshall, Ford executives said. The House version of the Republican bill would eliminate credits for plants that were built with materials or technology from China, Iran, North Korea or Russia. The