Ford's incentives cut in half for Michigan EV battery plant, matching plans to scale back
July 11, 2024
Ford will receive drastically less public support for its new EV battery plant in Michigan. Ford’s incentives for the plant were cut by over half, matching the automaker’s recent plans to scale back.
Scaling back
The Michigan Strategic Fund approved the reduction on Tuesday. Ford will now receive $409.1 million in incentives from Michigan, less than half the initial $1.03 billion…