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First Production Model Peterbilt 220EV Goes to Alaska

Peterbilt Motors Co. announced the delivery of the first production Model 220EV to the Department of Solid Waste Services in Anchorage, Alaska. Ordered but not yet delivered was a Model 520EV truck.

June 21, 2021

Biden Won’t Accept Gas Tax in Latest Infrastructure Plan

President Joe Biden still sees sticking points in a draft bipartisan Senate infrastructure plan, as top aides warned June 21 that they continue to explore other legislative pathways and will not support certain tax increases as part of a final deal.

June 21, 2021

Shipping Watchdog Urged to Speed Up Pace on Emission Curbs

Trafigura Group said the shipping industry’s regulator needs to act with “lightning speed” to cut carbon emissions from an industry that spews more C02 into the atmosphere each year than France and the U.K. combined.

June 21, 2021

Volvo, Northvolt Join Forces on European EV Battery Factory

Volvo Car Group and Swedish battery maker Northvolt AB will jointly build an electric car battery factory in the latest move by European manufacturers to localize cell production in the region.

June 21, 2021

Hyliion Set to Join Russell 3000 Index

Electrified powertrain company Hyliion Holdings Corp. announced it is set to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution.

June 18, 2021

After Blowing $300 Billion, US Shale Finally Makes Money

After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. It’s poised to generate more than $30 billion of free cash this year.

June 18, 2021

In Reversal, Lordstown Motors Says It Has No Firm Truck Orders

TOLEDO, Ohio — Struggling electric truck maker Lordstown Motors said June 17 it doesn’t have any firm orders for its vehicles, just days after its president said the company had enough to maintain production through 2022.

June 18, 2021

Ford Acquires Battery-Management Startup to Charge EV Fleets

Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.

June 17, 2021

Sen. Manchin Cites ‘Grave Concerns’ About US ‘Going to the EV’

WASHINGTON — U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed “grave concerns” June 15 about the Biden administration’s drive to boost adoption of electric vehicles.

June 16, 2021

Democrats Prepare Go-It-Alone Approach on Infrastructure

WASHINGTON — Patience running thin, Democratic leaders are laying the groundwork for a go-it-alone approach on President Joe Biden’s big jobs and families infrastructure plans even as the White House continues negotiating with Republicans on a much more scaled-back $1 trillion proposal.

June 16, 2021