°®¶¹´«Ã½

Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them.

President Joe Biden plans to meet with Republicans next week after a group of GOP senators pitched a fresh offer on a major new infrastructure plan that still left them over $1 trillion short of the White House’s latest proposal.

Republican senators outlined a $928 billion infrastructure proposal May 27 that would tap unused coronavirus aid, a counteroffer to President Joe Biden’s more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.

Rivian Automotive Inc., the electric-vehicle startup backed by Amazon .com Inc., has hired a former finance chief from Alphabet Inc.’s self-driving arm Waymo.

It’s spring, and talk of electric vehicle infrastructure is sprouting all over.

Trucking industry stakeholders continue to push back on Sen. John Cornyn’s suggestion of a nationwide transportation fee that would exclusively be levied on commercial vehicles.

Ford Motor Co. CEO Jim Farley made a bold bid for electric supremacy May 26 by boosting his company’s bet on plug-in models by more than a third, to $30 billion, and promising to electrify virtually the entire lineup.

THE HAGUE, Netherlands — A Dutch court on May 26 ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared with 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.

Tritium, which makes fast chargers for electric vehicles, has reached an agreement to go public through a merger with blank-check company Decarbonization Plus Acquisition Corp. II.

Oil was little changed as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand.