Forecasters say the president’s clean-energy incentives will be more effective than they had originally expected, in part because of new federal regulations.
Daimler, Navistar and Volvo have been criticized for not selling many electric heavy trucks, but the companies say the country first needs many more chargers.
Republicans and some Democrats tried to repeal a waiver issued by the Biden administration that allows federally funded E.V. chargers to be made from imported iron and steel.
Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
The Treasury Department pledged to carefully scrutinize foreign investments in the United States for national security threats.
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.
Rich individuals, companies and countries must ensure green technologies are affordable for everyone, everywhere.
After decades of stagnation, the Tar Heel State is the beneficiary of a lithium rush fueled by demand for car batteries.