Certain tax breaks for US battery plants have been preserved in the budget bill, providing support for domestic investment and manufacturing jobs.
The Section 45X Advanced Manufacturing Production Credits for battery manufacturing have been maintained, ensuring America's commitment to advanced battery manufacturing.
Despite potential cuts in federal funding, the Ford LFP battery plant in Michigan, which uses Chinese technology, has gained approval to proceed with construction.
Amid concerns about Chinese dominance in battery technology, US lawmakers made concessions in the bill to support American battery projects, allowing Ford's LFP plant to move forward.