Ford & Toyota join to fight US Government on EV subsidies

Ford and Toyota Corp. say the government should loosen the terms of the $430 billion IRA to allow manufacturers to source EV components from more places. Ford urged the U.S. to exempt domestic suppliers from the foreign entity restrictions, regardless of ownership, and to also allow most non-U.S. companies as long as 50 percent or less of their ownership doesn’t meet the foreign entity of concern definition.

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