Never going to happen. That will require an Act of Congress, and Congress cant agree on what color the sky is.
Even if it did, it will be marred with all kinds of overreach ripe for judical review and delay,
even if it got past the court challenges, it would be subject to reversal when the power inevitably shifts again...
If Ford is "bet the company" based on some kind of need for Federal Action (which would be very out of character for Ford anyway) they are placing a losing bet. GM would be more likely to look to the Federal Government to enforce their sales model, they are subbed Government Motors after all... ;)
EV rebates got bundled into the Inflation Reduction Act and passed last year. The Act of Congress has already happened.
Further encouragements to go electric will happen through the EPA who already have the congressional authority to regulate tailpipes. Anything they do will be challenged in court, but if they can get it through the courts they can do a lot without an Act of Congress.
I did not realize a Tax Credit, that also has a TON of strings attached that as it phases into more protectionism fewer and fewer EV's will be able to quality for, and it at odds with other Environmental / Climate protections (like the requirement that Lithium some from approved NA vendors, but then disallowing new Lithium manufacturing in the US) is now a Mandate the produce EV's
The claim I responded to was that Congress was going to Mandate the production of EV's, not that congress was going to pass a terrible protectionist law that provide weak credits for EV's....
There is zero chance the manufacturing environment can move that fast. I know I work in it.
The government can place all the magic words on the page they want, there are structural limits to how fast mines, plants, and other things can be built, even if Ford, GM, VW etc can switch their factories to EV's there is an entire supply chain that can not spin up that fast. Copper and Lithium production alone would need to increase by like 900%, that is not happening in just a few years time.
How the hell did the US (or Germany for that matter) accomplish what they did in WW2?
If we treated the coming climate catastrophe as an actual crisis and waged war on carbon emissions, I'm sure as hell we could outdo what was done 80+ years ago.
The problem is that now we have to coddle the corporate elite who need to make guaranteed profits. And that takes time. Hope we have enough left.
So you're saying that production capacity of electric cars is going to slow down their growth? EV production capacity increased by ~5 million per annum last year (4 million of that in China).
Current rate of production growth means 60% EV's in 2027.
> The Inflation Reduction Act of 2022 (Public Law 117-169) amended the Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC 30D), now known as the Clean Vehicle Credit, and added a new requirement for final assembly in North America that took effect on August 17, 2022. For new electric, fuel cell electric, and plug-in hybrid electric vehicles acquired, delivered, and placed in service after August 16, 2022, this final assembly requirement applies. For vehicles placed in service on or after January 1, 2023, the Clean Vehicle Credit provisions are subject to updated guidance from the Internal Revenue Service (IRS) and the U.S. Department of the Treasury. [1]
The IRA was a bipartisan law passed by Congress. Part of it renewed a credit of up to $7500 per purchase of an EV that underwent final assembly in North America.
Additionally, California (which by all accounts sets national car standards) has passed updated regulations to phase-out the sale of ICE cars within the next 10 years. This is also a very important piece of legislation that will help the Ford decision.
Even if it did, it will be marred with all kinds of overreach ripe for judical review and delay,
even if it got past the court challenges, it would be subject to reversal when the power inevitably shifts again...
If Ford is "bet the company" based on some kind of need for Federal Action (which would be very out of character for Ford anyway) they are placing a losing bet. GM would be more likely to look to the Federal Government to enforce their sales model, they are subbed Government Motors after all... ;)