Ford says Michigan EV battery plant 'on track' for production tax credits

July 8 (Reuters) - Ford Motor F.N said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget bill revised the rules.

In May, Ford had sounded the alarm over the potential for the U.S. government to eliminate production tax credits that support the manufacturing of electric vehicle batteries using Chinese technology in the House version of legislation. Ford said Tuesday the Marshall, Michigan plant that is slated to employ 1,700 workers "is on track to qualify for the production tax credit -- a win for our customers and a win for American competitiveness."