Slight changes to the big budget bill left the factory’s tax credits intact, according to the carmaker, which will use the batteries to make more affordable electric vehicles.
The tech billionaire’s effort to create a new political party, called the America Party, comes amid a ramped-up feud with the president over his new domestic policy law.
The sprawling bill would boost fossil fuels and end tax credits for wind, solar power and electric vehicles.
Here’s a rundown on the winners and losers in the legislation muscled through Congress.
The Republican legislation muscled through Congress will reshape American’s energy landscape. Here’s a rundown on the winners and losers.
Republicans deferred some of their most painful spending cuts until after the midterm elections.
But the benefits of the deduction, estimated to cost $31 billion over four years, may be limited to a narrow slice of consumers, economists say.
Ford Motor said it would open a new plant in Michigan that could become ineligible for federal incentives under a policy bill championed by President Trump and passed by the House.
A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.
Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits.