The facilities in West Tennessee and Central Kentucky will create 11,000 jobs once completed.
On the other hand, the government’s massive plan to ramp up EV adoption in the US is based on taxpayer’s money: the huge low-interest loan awarded to Ford, as well as the tax credits awarded to buyers of American-made EVs, are supported by tax money.
When the three facilities become operational in 2025, they’ll create roughly 11,000 new jobs for Americans, with 6,000 positions expected to become available in Stanton, West Tennessee, and another 5,000 in Glendale, Central Kentucky. Ford’s six-square-mile manufacturing complex in Tennessee will also be home to an electric vehicle plant that will produce the company’s next-generation pickup truck codenamed T3 and will be able to churn out 500,000 vehicles per year.
Combined, the three battery-making sites and the EV manufacturing facility will have an estimated price tag of $11.4 billion. As always, we’d like to know what you think about this, so head over to the comments section below to give us your thoughts.
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