Ford loses half of its state factory incentives on slowed EV plans

Teslarati
By Zachary ViscontiJul 9, 2024, 6:42 pm79 pts
The state of Michigan has cut Ford factory incentives by over half, after the company announced plans to significantly downsize its electric vehicle (EV) and battery production plans in the state in recent months. Michigan has cut Ford’s tax incentives to $409.1 million, down from the previous agreement of…

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