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Biden Invokes Defense Production Act to Boost EV Battery Production

The Biden administration announced it will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.

March 31, 2022

Nikola Announces ENGS to Finance Trucks, Dealer Activities

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.

March 30, 2022

House Panels Have Mixed Success Getting Oil Execs to Appear

Executives from major oil companies will participate in a House Energy and Commerce Committee hearing next week on skyrocketing gasoline prices, but another House panel didn't have as much success getting witnesses to agree to appear.

March 29, 2022

Connecticut Considers California Standards for Large-Truck Emissions

A Connecticut effort to curb carbon-spewing emissions from large trucks by adopting California’s clean air regulations moved forward March 28, despite heavy criticism from opponents who said it could lead to higher costs on Connecticut businesses.

March 29, 2022

Canada Climate Plan Calls for 42% Cut in Oil, Gas Emissions

Prime Minister Justin Trudeau’s government wants a 42% reduction in emissions from the oil and gas sector as part of Canada’s plan to meet its 2030 emissions reduction goal.

March 29, 2022

US Exports More Diesel as Global Shortage Fuels Competition

The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine.

March 28, 2022

Volta Stock Plunges After Founders Resign

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.

March 28, 2022

Tesla to Seek Approval for Another Stock Split

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.

March 28, 2022

US Considers New Oil Release From Strategic Reserve

The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.

March 25, 2022

Stellantis Announces Hurricane ICE Line

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.

March 25, 2022