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The Biden administration gave carmakers a partial reprieve in finalizing EV tax credit rules intended to loosen China’s grip on battery materials crucial to the car industry’s future.

The U.S. Treasury Department will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as May 3.

Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter.

Ford slashed prices of its electric F-150 Lightning pickup truck by as much as 7.5% as the automaker prepares to resume deliveries this month following a halt this year over a quality issue.

Global oil demand won’t peak before the end of this decade due to underwhelming fuel economy standards and slowing adoption of electric vehicles in the U.S., energy researcher Enverus says.

Rivian Automotive was back in Normal, Ill., on April 6 with its second-generation EVs and the promise of more activity at a now-bustling auto plant.

WASHINGTON — Overshadowed by the tailpipe emissions rule, the Department of Energy finalized changes to a calculation that could impact automakers’ ability to sell gas-powered vehicles.

The weight of electric vehicles batteries should be halved over the next decade in order to make the cars more efficient and environmentally friendly, Stellantis NV CEO Carlos Tavares said.

DETROIT — Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.

Rivian Automotive built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a boost as it grapples with production hurdles and heavy costs.