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NEW ORLEANS  — Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on March 29 in a sale mandated by last year’s climate bill compromise.

The immediate future of solar-powered vehicles is becoming clear: smaller, lighter, cheaper systems built to subtly augment electric driving, rather than power it in full. 

California Gov. Gavin Newsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country.

Lucid Group Inc. is eliminating 18% of its workforce, including employees and contractors, as the electric vehicle startup looks to cut costs in its second full year of production.

The electric vehicle charging industry will join Southern Nevada’s robust convention schedule with the inaugural EV Charging Summit and Expo on March 29.

The national average price for diesel marked its eighth consecutive weekly drop, shedding another 5.7 cents to dip to $4.128 a gallon, the Energy Information Administration reported.

Velocity Truck Rental & Leasing is adding 200 battery-electric trucks to its commercial truck rental and full-service truck leasing business, the company announced March 22.

Ford Motor Co. projects its electric F-Series pickup factory under construction in Tennessee will ultimately produce half a million trucks a year, about 40% more than the company forecast in November.

As House Republicans prepare to consider a comprehensive energy proposal, the leader of the U.S. Senate insisted that the legislative package would not advance to the president’s desk.

A broad-based group representing motor carriers, truck manufacturers and truck dealers has launched a coalition intended to serve as a voice for key trucking industry stakeholders.