The iconic American automaker’s partnership with Michigan’s LG will begin offering tax credits for consumers.
LG Energy Solutions plans to move battery production from Poland to Michigan in 2025 to supply Ford’s Mach-E Mustang. announced this month. The move will allow consumers to claim Inflation Control Act (IRA) tax credits on brand purchases. Main electric vehicle (EV).
The 2024 Mustang Mach-E is currently manufactured in Mexico and is eligible for a $3,750 IRA tax credit for vehicle assembly in North America. However, the batteries for the 2025 Mach-E will be manufactured at LG’s facilities. holland, michiganwhich entitles you to an additional $3,750 IRA tax credit that requires 60% of your vehicle’s battery components to be sourced in North America.
It’s worth noting that Ford has been cautious about investing in the U.S. EV supply chain. In 2023, the company halted construction on a $3.5 million battery manufacturing facility in Michigan that would have created 2,500 jobs and moved forward with its next project. Miniature version of the plant Instead. And in 2024, Ford announced: postpone production The company has started producing EV pickup trucks at a new plant in Tennessee and has canceled plans to manufacture EV SUVs.
However, the U.S. clean energy supply chain has grown significantly in recent years. It was announced by a private company under the Biden administration. Over $180 billion Investments in US EV and battery manufacturing.
The 2025 Mustang Mach-E with Michigan-made batteries is expected to go on sale in early 2025.
