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EV Maker Polestar Valued at $20 Billion in SPAC Deal

Polestar, the electric vehicle maker backed by Volvo Car Group and actor Leonardo DiCaprio, agreed to go public through a merger with a blank-check company at a roughly $20 billion enterprise valuation.

September 27, 2021

Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil

A.P. Moller-Maersk A/S is investing in a startup that develops electrofuels as part of a strategy to own technologies that can help it become carbon neutral.

September 23, 2021

NACFE Finds Many Fleets Could Run Electric Trucks Now

Fleets in four market segments could switch to battery-electric vehicles right now, the North American Council for Freight Efficiency concluded after its recent Run on Less — Electric event.

September 23, 2021

Retailers Face Challenges Installing Electric Vehicle Chargers

Retail fuel outlets such as truck stops and gas stations say they are seriously weighing investment in electric vehicle chargers, but face such challenges as customer “range anxiety,” high utility charges for electricity and political policy uncertainties.

September 22, 2021

Workhorse Shares Sink After It Halts Electric Van Deliveries

Workhorse Group Inc. shares plunged Sept. 22 to their lowest since May after the embattled electric vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered.

September 22, 2021

Ford, Redwood to Partner on Recycling EV Battery Materials

Redwood Materials Inc., the startup founded by Tesla alum J.B. Straubel, has formed a partnership with Ford Motor Co. to recycle and reuse key ingredients within the lithium-ion batteries that will power the automaker’s burgeoning fleet of electric vehicles.

September 22, 2021

OPEC+ Can Proceed With Reviving Supply, Key Members Say

OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.

September 21, 2021

ConocoPhillips Says Shell Deal Cuts Emissions Per Barrel of Oil

ConocoPhillips’ $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost oil production and, inevitably, greenhouse gas emissions as well. Yet the company says the pact will actually allow it to reach one of its climate goals faster.

September 21, 2021

August Truck Tonnage Posts First Monthly Gain Since March

Truck tonnage in August notched its first sequential monthly gain in five months, and dipped just slightly on a year-over-year basis, American Trucking Associations said.

September 21, 2021