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

Tesla urged U.S. environmental regulators to maintain ambitious tailpipe emissions standards that were put in place to push the industry to sell electric vehicles in larger numbers.

Rising consumption in emerging markets, sluggish energy efficiency gains, geopolitical tensions and the persisting use of petrochemicals all point to peak demand in 2030 at the earliest.

A commenter in a Federal Reserve Bank of Dallas energy survey wrote: “What was once the world’s most dynamic energy engine has been gutted by political hostility and economic ignorance.”

For global supply chains, any price increase matters because Russia remains one of the world’s most important suppliers of diesel, a fuel essential for trucking, shipping and agriculture.

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

Greenlane is rolling out a dealer program that offers charging credits and software perks to make electric trucks more accessible, signing Velocity Truck Centers as its first partner.

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.

The IMO has set a goal of net zero for shipping by midcentury and next month aims to formally adopt a plan that would see ships pay levies for at least some of their emissions.