Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
Domestic companies are now selling more vehicles than their multinational rivals, which have failed to keep up with Chinese consumers’ demand for electric cars and S.U.V.s.
New federal rules are expected to speed the transition to E.V.s, a shift that car companies have embraced but will be challenged to carry out.
Berlin and Brussels are scrambling for a solution after Germany calls for allowing cars to run on synthetic fuels. The move could endanger the E.U.’s climate goals.
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
The governor of Nuevo León said a Tesla official had told him that the company’s plant there would be among its biggest and go up in record time.
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract buyers in Europe’s largest economy.
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract buyers in Europe’s largest economy.
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
The network could help increase the low number of charging stations, encouraging more people to buy electric vehicles.