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Orange EV Secures $35 Million From Outside Investor

Yard truck maker Orange EV announced Aug. 4 that it has secured $35 million from S2G Ventures — its first large outside investor.

August 4, 2022

TA Reports Strong Q2 Net Income, Revenue

TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.

August 3, 2022

OPEC+ Boosts Oil Output by Slower Pace Than Previous Months

The OPEC oil cartel and its allies decided Aug. 3 to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by Russia’s war in Ukraine.

August 3, 2022

Automakers Blitz Congress to Fix an EV Tax Credit They Can’t Use

Automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats’ proposed new spending bill over concern that they stand to lose out from strict new limits on electric vehicle credits.

August 3, 2022

Nikola Overcomes Founder’s Opposition to Approve New Shares

Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.

August 3, 2022

Volvo Plans to Make Its Own Batteries in Electric Truck Shift

Volvo AB plans to build a ā€œlarge-scaleā€ battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.

August 3, 2022

Pelosi’s Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans

A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter.

August 2, 2022

Alaskans Help State Officials Prepare for EV Charging

The Alaska Energy Authority is working to overcome public perception barriers of cold climate performance, driving range anxiety and high electricity demand charges in its electric vehicle infrastructure push.

August 2, 2022

Mack Trucks Introduces First EV Dealer for New York

Gabrielli Truck Sales has become Mack Trucks’ first certified electric vehicle dealer in New York, it was announced July 28.

August 2, 2022

Average Price of Diesel Sheds Another 13Ā¢ to Reach $5.138 a Gallon

The national average price for a gallon of diesel continued to decrease, falling 13 cents to $5.138, according to Energy Information Administration data released Aug. 1

August 1, 2022