"Ford Mustang Mach-E and Other EVs to Lose US Federal Tax Credits in January"
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.