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Lucid Group’s electric vehicle production fell short of Wall Street’s forecasts during the third quarter as the car maker contends with the elimination of the consumer tax credit.

Germany’s ruling coalition confirmed it will extend a tax exemption for new EVs as part of a broader effort to support the nation’s key car industry in the transition to more climate-friendly technologies.

Car companies are stepping in to preserve discounts and smooth the sell-down of existing EV inventory after the federal EV subsidy phased out Sept. 30.

As the trucking industry moves toward the next generation of diesel engines, the introduction of new oils designed to further enhance fuel efficiency also is on the horizon.

The elimination of a $7,500 consumer tax credit and softening of emissions rules by the Trump administration will sharply curtail EV demand in the U.S., Jim Farley said.

EV Realty’s first public charging facility in San Bernardino, Calif., will be among the projects receiving an influx of cash from the additional funding round.

Volkswagen AG is curbing volume and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.

Major automakers want the Trump administration to weaken ambitious tailpipe emissions standards that are pushing the industry to sell electric vehicles in larger numbers. 

The partners’ “Dedicated EV Fleet Accelerator Program” aims to entice carriers to speed adoption of battery-electric trucks by subsidizing the cost of the hardware.

Porsche and parent Volkswagen cut their outlook for the year, citing the sports-car maker taking a $2.2 billion hit to operating profit linked to pushing back the introduction of new EVs.