“Next year, we believe we’ll meet the $3,750 critical materials credit requirement on certain Mustang Mach-E and F-150 Lightning models.”

In context

“our battery partners could total more than $7 billion with large step-up in annual credits in ‘27 as our JV battery plants ramp up to full production. The second benefit is often overlooked. I haven’t actually read any one of the media covering this, but it’s super important for Ford. And that’s the commercial EV credit. You know that Ford is the number one commercial vehicle brand in the U.S., and our commercial customers can now claim next year $7,500 per EV vehicle they buy with no restrictions on battery sourcing or manufacturing. Our preliminary estimate is that between 55% and 65% of all of our commercial vehicle customers will qualify. The third opportunity is retail. Ford EVs and our PHEVs remain eligible for the $7,500 tax credit until guidance is issued at the end of this year. Next year, we believe we’ll meet the $3,750 critical materials credit requirement on certain Mustang Mach-E and F-150 Lightning models. In ‘24, the rules will further restrict this critical materials credit. So, we believe it’s playing -- a fairly level playing field right now for all the OEMs as our supply chains of critical material extraction and course processing in the U.S. and FTA develops. The fourth benefit centers on the funding growth in our investments, such as geothermal energy credit critical for Blue Oval City, the Department of Energy loans, grants to convert our domestic facilities to produce electric vehicles, battery plants and other EV components. We’re exploring all these capabilities and possibilities as you can imagine. Now, as you know, we shared the new electric customer standards with all of our North America dealers last month in Vegas. That means a single, simple e-commerce platform, ultra-low v”