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Gasoline taxes will drop in Utah in July, and taxes will be levied at electric vehicle charging stations starting in January, after new laws signed by Gov. Spencer Cox.

While the average gasoline-powered F-150 now sells for almost $63,000 — 25% more than five years ago — the electric version commands a premium of almost 30% over that.

Ford Motor Co. CEO Jim Farley said rival Tesla Inc. could start a price war and turn certain electric vehicle models into commodities after it cut prices again.

DETROIT — Tesla dropped the starting prices for its two top-selling models overnight, the company’s fourth price cut in the U.S. this year.

Andrew Scott doesn’t know for sure yet, but the Biden administration may cost Hyundai his business.

Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits after stricter battery-sourcing rules take effect and render most plug-in models ineligible.

“Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,” said one expert.

Purely battery-powered trucks have a head start on hydrogen fuel cells in the race to decarbonize trucks, but due to drawbacks for both technologies, the competition is far from settled.

Pilot Co. is to replace its top two officers with executives hand-picked by its new majority owner as one of the biggest truck stop operators readies a major overhaul of its facilities.

Ford Motor Co. is investing $1.3 billion to transform its Oakville Assembly Plant in Ontario, Canada, to assemble multiple electric vehicles and battery packs.