New Tax Credit A 'Game Changer' For Ford Commercial EVs: CEO via insideevs.com
Ford CEO Jim Farley believes the new federal tax credits for electric vehicles created by the Inflation Reduction Act should have a"wide range of positive impacts" for the automaker, especially for its commercial vehicle division.
During the company's third-quarter earnings call last week, Farley said Ford plans to take advantage of credits related to battery production, manufacturing and retail vehicle sales, noting that theThat's because the Inflation Reduction Act will add a tax credit of up to $7,500 for commercial EVs weighing less than 14,000 pounds .
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