Forecasters say the president’s clean-energy incentives will be more effective than they had originally expected, in part because of new federal regulations.
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.
A small share of motorists burns about a third of America’s gasoline, a study found. Switching to electric vehicles would make a huge dent in climate-warming emissions.
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.
President Biden seems nervous about sealing a deal that would improve the health and quality of life of millions of Americans through a stricter rule on truck emissions.
Lawmakers approved $5 billion for states to build a network of fast chargers two years ago. Although some states have made progress in recent weeks, most have not yet awarded contracts or started construction.
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
There is always something to be grateful for.
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
President Biden’s support for autoworkers helped them make big wage gains, and labor organizers are looking to bring about similar gains elsewhere as carmakers transition to electric vehicles.
The industry’s transition to battery power is already underway. Republican presidential candidates are pushing to reverse course.
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
Why I’m worried about the next phase of the Inflation Reduction Act’s ro
President Biden’s trip comes a day before former President Donald J. Trump arrives in Michigan, as the two men offer dueling messages to a powerful voting bloc in a key swing state.
Their responses obscure the nature of the conflict.
Contract talks at an electric vehicle battery plant in Lordstown could have even more of an impact than the autoworkers’ strike on the labor standards of the emerging electric-vehicle industry.
Experts on unions and the industry said the U.A.W. strike could accelerate a wave of worker actions, or stifle labor’s recent momentum.