Ford asks Congress for tax incentives to support electric vehicle development

WASHINGTON — Leaders at Ford Motor Co. urged Congress Tuesday to increase tax incentives and other federal funding for electric vehicle technology. Additional federal help will be critical as the U.S. auto industry faces ongoing competition with Europe and China for the future EV market, said Jonathan Jennings, vice president for Global Commodity Purchasing and Supplier Technical Assistance at Ford. His comments came as part of a Senate Finance Committee hearing on how the U.S. tax code can be improved to aid American manufacturing. The other witnesses — including National Association of Manuf…

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HEDGE accordingly