Why industrial policy is catalyzing so much investment.
The proposal is designed to help speed the country’s transition to electric vehicles, one of the president’s signature efforts to fight climate change.
A video from the former president attacked electric vehicles, predicting the demise of the American automotive industry.
Toyota is notoriously skeptical of a rapid transition to all-electric E.V.s. It may have a point.
The automakers paid the federal government for falling short of efficiency standards for cars and trucks in recent years.
Senator Joe Manchin III, the conservative West Virginia Democrat who faces re-election next year and is flirting with a presidential run, has threatened to repeal the measure he helped write.
A memo by the union’s president underscores how some of President Biden’s moves to fight climate change could weaken some of his political support.
A law to boost clean energy appears to be more potent than predicted, with big implications for both budget talks and efforts to fight climate change.
The administration’s push to supercharge E.V. sales must now surmount resistance from manufacturers and consumers as well as likely legal challenges.
In what would be the nation’s most ambitious climate regulation, the proposal is designed to ensure that electric cars make up the majority of new U.S. auto sales by 2032.