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The Inflation Reduction Act would give up to $40,000 tax credits per heavy-truck purchase, suggesting that competition to get the Tesla Semi to compete with Nikola will heat up.

Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply chain snags, high costs and economic volatility.

Debate on a multibillion-dollar budget bill targeting supply chain connectivity concerns, clean energy initiatives and economic incentives remains front-and-center on Capitol Hill.

Even a breakthrough U.S. climate bill designed to encourage sales of electric cars has failed to revive investor interest in Rivian Automotive Inc., as the risk-hungry traders who catapulted its shares to dizzying heights last year shun companies for whom profitability is still years away.

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials.

Daimler Truck Holding AG overcame supply chain headwinds to increase unit sales during the second quarter of 2022, the company reported Aug. 11.

Truck manufacturer Nikola Corp. has announced a leadership change that places a 20-year automotive industry veteran at its helm.

Due to a lack of national standards and different practices at electric vehicle charging stations, the Federal Highway Administration is preparing to establish regulations that shape what those stations must be like in states that receive federal funds.

Soaring prices for diesel fuel, rising maintenance costs and higher wages for drivers pushed the price of operating a truck up 12.7% in 2021 to $1.855 per mile — the highest level on record — according a report released Aug. 10 by the American Transportation Research Institute.

Tesla, GM, Volkswagen and Ford are among the automakers set to get big orders from Autonomy, a startup offering drivers the option of subscribing to an electric vehicle instead of buying one outright.