The Biden administration is proposing rules to ensure that two-thirds of new cars and a quarter of new heavy trucks sold in the U.S. by 2032 are all-electric.
The state is setting strict limits to try to eliminate carbon dioxide emissions from transportation, the sector of the American economy that generates the most greenhouse gases.
The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have been slow to sell electric vehicles.
Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.
Prosecutors say Trevor Milton, former chief executive of Nikola, lured retail investors with lies about the electric truck company’s technology.
Welcome to Commerce, Ga., the Battery Belt.
Demand for electric vehicles has been far stronger than the supply of battery materials like lithium, nickel and cobalt.
Amazon has ordered 100,000 trucks to cut its carbon dioxide emissions, but Rivian will take years to deliver.
The automaker said the move would further its electric-vehicle goals. It may also defuse tensions with the U.A.W. ahead of contract talks next year.
The electric-vehicle maker’s stock has fallen sharply after its initial public offering last year gave it a huge market value.