Smothering electric vehicles might have been a regrettable mistake for a Republican to make 10 years ago. Today, it is economic idiocy.
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
According to two people familiar with the draft, it would eliminate the bedrock scientific finding that greenhouse-gas emissions threaten human life by dangerously warming the planet.
China wants to dominate the market for the cars of the future, and it has set its sights on Brazil’s giant auto market.
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
It is inevitable that America will eventually follow the rest of the world and that in 40 or so years, it will run mainly on sun and wind.
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.
There’s still time to claim credits that could save you thousands of dollars.
Slight changes to the big budget bill left the factory’s tax credits intact, according to the carmaker, which will use the batteries to make more affordable electric vehicles.
Mr. Musk’s involvement in politics was once seen by investors as a benefit to Tesla. Not anymore.
The tech billionaire’s effort to create a new political party, called the America Party, comes amid a ramped-up feud with the president over his new domestic policy law.
The sprawling bill would boost fossil fuels and end tax credits for wind, solar power and electric vehicles.
Here’s a rundown on the winners and losers in the legislation muscled through Congress.
The Republican legislation muscled through Congress will reshape American’s energy landscape. Here’s a rundown on the winners and losers.
Republicans deferred some of their most painful spending cuts until after the midterm elections.
The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.
But the benefits of the deduction, estimated to cost $31 billion over four years, may be limited to a narrow slice of consumers, economists say.
China’s lead in electric vehicle technology, which is already huge, could become insurmountable if incentive programs are slashed, auto experts and environmentalists say.