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EV Demand Could Drop 27% Without Tax Credit

Still, because EVs account for a small percentage of new car sales, removing the credit would have little impact on gasoline demand.

November 19, 2024

Kansas Hydrogen Hunt Seen Fueling New Energy Revolution

A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for hydrogen.

November 19, 2024

Trump Targets Auto Mileage Rules He Blasted as ‘EV Mandate'

The incoming Trump administration is looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies he has blasted as an “EV mandate."

November 19, 2024

Florida Man Facing Federal Prison Time for Biofuel Fraud

A Florida man is facing up to five years in federal prison after pleading guilty to wire fraud and filing false claims after overstating biodiesel credits that were reported to the IRS and EPA.

November 19, 2024

Oil Glut Set to Thwart Trump’s Call to ‘Frack, Frack, Frack’

President-elect Donald Trump’s vows to “frack, frack, frack” are about to collide with a global crude glut that’s set to, finally, temper record shale production.

November 19, 2024

Diesel Price Drops 3¢ to $3.491 a Gallon

The national average diesel price dropped 3 cents to $3.491 a gallon in its third straight decline, according to U.S. Energy Information Administration data released Nov. 18.

November 18, 2024

Gas Prices Below $3 a Gallon in Time for Thanksgiving

U.S. average gasoline prices are set to fall below $3 a gallon, just in time for Thanksgiving, when holiday travel is expected to climb back to pre-pandemic levels.

November 18, 2024

Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals

The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.

November 15, 2024

Tesla, Rivian Drop on Report Trump Wants to End EV Credit

U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

November 14, 2024

CARB Rules Seen as Hindrance to Obtaining New Diesel Vehicles

Zero-emission vehicle sales in California over the past two years have been better than anticipated, but the transition to EVs has left some dealers challenged to obtain new diesel trucks.

November 14, 2024