The Biden administration is making up to $12 billion available for automakers to retrofit their facilities to make electric vehicles and hybrids.
Author: Ari Natter
Proterra Got Millions in US Aid Before Bankruptcy
Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in COVID relief government aid.
US to Buy 6 Million Barrels of Oil for Emergency Reserve
The Biden administration announced July 7 that it is purchasing 6 million barrels of crude oil for the Strategic Petroleum Reserve as it continues to slowly refill the emergency stockpile.
Senate Overturns Biden’s Anti-Smog Rules for Big Rigs
The Senate voted to overturn President Joe Biden’s pollution limits for big rigs that Republicans said were too aggressive, but were heralded by environmentalists as long overdue.
Senate Panel Probes Carmakers’ Ties to Forced Labor in China
The Senate Finance Committee is launching an investigation into whether major automakers such as Ford Motor Co., General Motors Co. and Tesla Inc. are using parts made with forced labor from the Xinjiang region of China.
USPS Delivery Trucks Are Going Electric
The U.S. Postal Service will spend nearly $10 billion for new electric vehicles in a push to make its mail delivery fleet more environmentally friendly.
Railroads Wind Down Hazardous Shipments Amid Strike Risk
U.S. railroads have begun curtailing shipments of hazardous chemicals ahead of a potential nationwide strike by workers, according to a major trade group representing oil refiners and petrochemical companies.
Biden Administration Urges Fuel Export Cuts to Restock Northeast
The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.
Sen. Joe Manchin Says EV Tax Credit Bonus Is Gone From Spending Bill
Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Sen. Joe Manchin as they seek to wrap up negotiations on a spending deal.
White House Eyes Restarting Idle Refineries
The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record-high gasoline prices that are setting off political alarm bells ahead of the midterm elections.