The Japanese automaker, which has been slow to sell electric vehicles, said it would invest $11 billion to make batteries and cars in Ontario.
President Biden and former President Donald J. Trump offer vastly different policy paths on almost every aspect of the economy.
Electric vehicles are booming as expected, a new analysis found, but renewable power isn’t growing as quickly as hoped.
It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.
Executives of companies with clean energy projects are facing questions about the potential for a rollback of the law and its incentives if a Republican wins.
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.
Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities.
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
The Biden administration has deployed various programs to try to increase access to clean energy. But systems that could help lower bills are still out of reach for many low-income households.
The leading electric-vehicle maker also drew buyers eager to take advantage of government incentives that will be harder to get in 2024.