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Oil advanced to the highest intraday level in more than a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption.

The Department of Energy intends to provide up to $100 million in funding to push for the electrification of freight trucks of all sizes as part of its new SuperTruck 3 program.

ALBANY, N.Y. — The state Senate on April 26 passed a bill that would essentially mandate that all new passenger cars sold in the state run on electric power by 2035 and trucks and other heavy duty vehicles run on electricity by 2045.

CLEVELAND — The failure of Lordstown Motors, an Ohio-based electric truck startup, to pay $570,000 in real estate taxes due in early March is yet another troubling sign for a company that has been barraged by bad news this year.

Ford Motor Co. is building a $185 million battery research lab as part of a push to build its own power sources for plug-in cars.

OPEC and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India.

Tesla Inc. reported a higher-than-expected seventh consecutive quarter of profit on strong demand for its top-selling Model 3 sedan and announced it will begin deliveries of its Tesla Semi in 2021.

The Biden administration on April 26 took a key step toward restoring California’s power to limit greenhouse gas emissions from vehicles and overturn a Trump-era policy that pitted the federal government against a state seeking to eventually ban conventional gas-powered cars.

While diesel prices remained flat according to data released this week, experts are warning of rising prices headed into summer as a shortage of tank truck drivers threatens to tighten supplies.

Massachusetts Gov. Charlie Baker signed an executive order to reduce greenhouse gas emissions within state facilities, including those for transportation.