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.