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VW Brand to Beef Up Hybrid Offerings as EV Shift Stumbles

Volkswagen AG’s namesake brand plans to bolster its offering of plug-in hybrid cars in response to a slowdown in demand for fully electric vehicles.

May 8, 2024

Rivian Sticks With EV Forecast Despite First-Quarter Loss

Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.

May 7, 2024

Suspicious Chinese Frying Oil Hurting US Biofuels Business

China is flooding the U.S. with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.

May 7, 2024

WattEV’s Bakersfield Battery-Electric Charging Depot Opens

WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.

May 7, 2024

ATA, 8 Others Ask EPA to Adjust Biofuel Output Volumes

Renewable fuel production targets are too low to sustain the sector and have resulted in shuttered biofuel companies, a consortium of trade associations stated in a letter to EPA's Michael Regan.

May 3, 2024

World’s Most Important Oil Price Transformed

After years of skepticism, criticism and trader furore, the world’s most important oil price is working better than ever thanks to an infusion of crude from west Texas.

May 3, 2024

Rivian Secures $827 Million in Funding to Expand in Illinois

Rivian Automotive will receive incentives valued at $827 million from Illinois to expand its electric vehicle plant there after the company halted work on a separate facility in Georgia.

May 2, 2024

Exxon to Close Pioneer Deal

The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.

May 2, 2024

Tesla Axes Supercharger Team in Blow to Broader EV Market

Tesla eliminated almost its entire Supercharger organization, which has built a network of public charging stations that virtually every major automaker is in the process of tapping into.

May 1, 2024