Ford Motor has raised concerns over possible job losses at its electric vehicle (EV) battery plant in Michigan, should the US Congress opt to decrease subsidies for clean energy manufacturers. The facility, slated to open next year, is projected to create 1,700 jobs. This warning emerges as congressional budget talks contemplate reducing incentives crucial for the clean energy sector, potentially disadvantaging Ford and other companies in the global EV market, particularly against China.
The potential policy shift carries implications not just for Ford but for the entire US battery manufacturing industry, threatening its global standing. Firms such as Platinum Group Metals Ltd., exploring opportunities in the US battery market, could encounter similar obstacles. This scenario illustrates the intricate relationship between fiscal policy and the advancement of the clean energy sector, pointing to possible adverse effects on employment and innovation within the industry.
