°®¶¹´«Ã½

Hertz Global Holdings Inc. plans to buy 65,000 electric vehicles from Polestar over the next five years, a bet that its renters are both EV-curious and eager to drive brands beyond Tesla.

Visa Inc. and Mastercard Inc. are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards.

The Biden administration ordered carmakers to increase their average fuel economy to about 49 mpg by 2026, in an ambitious effort to make up for progress stalled when President Donald Trump rolled back the efficiency program.

The rise in fuel prices is slowing a decline in spot rates while also potentially suppressing base revenue for some carriers, experts said.

Nikola Corp. and ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group, announced an agreement to facilitate sales of Class 8 Nikola Tre battery-electric vehicles and Nikola Tre hydrogen fuel-cell electric vehicles.

Shares of Volta Inc. plunged to all-time lows after the electric vehicle charging company announced the abrupt departures of two of its top executives, both of them founders of the firm.

Tesla Inc. gained in early trading March 28 after the carmaker said it plans to seek shareholder approval for a move that would enable its second stock split in roughly two years.

In a nod to the uncertain road ahead for electric vehicle adoption, Stellantis announced an all-new internal-combustion engine line March 25, even as the automaker targets 50% EV sales in the U.S. by 2030.

California Gov. Gavin Newsom would send car owners $400 debit cards and partially pause gasoline taxes to address high gas prices, he said March 23.

LG Energy Solution will invest around $2 billion on increasing output in North America as the South Korean battery maker ramps up production to meet rising demand for electric cars.