"Ford Mustang Mach-E and Other EVs to Lose US Federal Tax Credits in January"
TL;DR Summary
Ford Motor stated that it is unlikely that the Mustang Mach-E electric vehicles currently in dealer showrooms will qualify for federal tax credits starting in January due to new battery sourcing restrictions aimed at reducing reliance on China. The company is still reviewing whether its F-150 Lighting EV truck will qualify for tax credits after January 1. Ford has sold 35,908 Mach-E EVs in the US this year and has cut some Mach-E production. The automaker also postponed $12 billion in EV investments and temporarily reduced production at its Michigan plant due to supply chain issues.
- Ford says unlikely Mustang Mach-E EV will qualify for US federal tax credits in January Reuters
- Tax credits for Tesla Model 3 and other EVs slashed starting next year Yahoo Finance
- A bunch of EVs are going to lose their tax credit starting January 1st The Verge
- China Metals Firms See US Rules Unlikely to Upend Supply Chains Bloomberg
- Ford Mustang Mach-E to lose EV tax credit Electrek.co
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