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Ford Motor Co. warns its Michigan battery plant and 1,700 jobs could be jeopardized if Congress reduces clean energy tax credits.

The Senate is set to vote on a revised version of H.R.1, the One Big Beautiful Bill Act, which extends wind and solar subsidies but eliminates electric vehicle tax credits.

The Senate Finance Committee's FY2025 budget reconciliation bill extends and expands biofuel (45Z) and carbon-capture (45Q) tax credits, costing $57 billion and $14.2 billion respectively over a decade.