$7,500 EV Tax Credit at Risk: California Challenges Trump With New Statewide Rebate Proposal 
Bitcoin Targets $180K in 2025, TYMIO Founder Predicts Supply Shock 
Social media companies won’t be able to compel people to provide digital or government-issued ID to verify age 
Nvidia's Fugatto AI Transforms Voices and Sounds, Ushering in a New Audio Era 
Kia and Hyundai Unshaken as BYD Sets 2025 South Korea Launch in Competitive EV Market 
Where to Invest in the UAE Under $1 Million in 2025: A US Investor's Guide 
Benefits of BLDC fans in the monsoon: All you need to know! 
Should France’s wine industry fear a new Trump tariff? 
Tesla Turns Shell Gas Station in Spain Into a Sleek Supercharger Hub, Redefining EV Charging 
Global economic trends shaping local transportation: Insights from the Netherlands 
Shiba Inu Whales Dominate Market With $300M in Transactions Despite 9% Price Drop 
Dogecoin Rockets 25% as Analyst Forecasts Bullish Breakout to $0.82 
CNN Stuns Media World: Kaitlan Collins Becomes First Primetime Anchor to Lead White House Coverage 
Arthur Hayes Drives Solana Meme Coin Rally, FlowerAI’s Market Cap Jumps $8M After Social Media Post 
In a major move for U.S. EV production, Ford and LG Energy Solution will relocate Mustang Mach-E battery manufacturing from Poland to Michigan by 2025. The shift aligns with IRA tax incentives, designed to encourage domestic EV supply chains.
Ford and LG Realign EV Battery Production for Tax Credit Benefits
The production of electric vehicle batteries for the Ford Mustang Mach-E will be relocated from Poland to LG's Michigan factory in 2025, as per a newly signed deal between the two firms, Electrek shares. Obviously, this is highly relevant to individual retirement accounts and tax credits.
New Agreement Aims to Harness Competitive U.S. Market Conditions
"To capitalize on competitive market conditions," the new agreement states, relocating production of Ford Mach-E batteries to the United States. This will allow the batteries to take advantage of the varied incentives offered by the American government. Starting in 2026, LG intends to supply Ford with 109 GWh of batteries for its electric commercial vans, taking advantage of subsidies in Europe.
"These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments," stated David Kim, CEO of LG Energy Solution. "Capitalizing on our local production capacity, we will secure leadership in the European market and deliver unmatched values to our customers through advanced battery technologies that effectively address diverse needs."
Ford Leverages IRA Tax Credit to Boost Domestic EV Battery Chain
In order to be eligible for the (up to) $7,500 New Clean Vehicle Tax Credit on PHEVs and EVs, several automakers, including Ford, have entered into strategic arrangements to expand their American battery supply chains.
LG’s $3 Billion Michigan Investment to Supply U.S.-Built EVs
In a related development, LG Energy said that it will be investing $3 billion in its battery factory in Michigan to supply lithium to Toyota. This lithium will be utilized in the batteries of future electric vehicles manufactured in the United States.
Ford’s Broader Battery Production Push Includes SK On in Kentucky
Along with the agreement with LG, Ford also has a contract with SK On to manufacture batteries in Kentucky for the upgraded E-Transit commercial van and F-150 Lightning electric pickup starting in the middle of 2025.
