Gov. Newsom's office told Bloomberg News that the current proposal includes market-share limitations that would exclude Tesla’s popular EV models.
November 25, 2024Search
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California Pledges State EV Credit if Federal Subsidies End
California Gov. Gavin Newsom is promising to step in with a state electric-car tax credit if President-elect Donald Trump repeals a federal subsidy after he takes office next year.
November 25, 2024OPEC+ Shifts to Virtual Meeting as Oil Futures Slide
It’s the third time in a row that the group led by Saudi Arabia and Russia has turned a gathering scheduled for its Vienna headquarters into a virtual session.
November 25, 2024Nebraska Sues Truck OEMs Over ‘Collusion’ on California Deal
Nebraska's attorney general filed an antitrust suit against four major original equipment manufacturers, alleging they colluded to eliminate choice and raise truck prices.
November 25, 2024Automakers Urge Trump to Ease Fuel Efficiency Rules
An auto trade group asked U.S. President-elect Donald Trump to ease requirements on making vehicles more fuel efficient and to protect the industry from “unfair” practices by China.
November 21, 2024Phillips 66 Indicted for Alleged Toxic Sewer Discharges
The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease.
November 21, 2024Biofuel Groups Ask Congress to Extend Expiring Tax Credit
Soybean farmers in seven states are asking Congress to extend current biodiesel and renewable diesel tax credits due to a lack of clarity on a set of new rules ready to take effect in January.
November 21, 2024Europe, US Push for Oil Funding Curbs Deal to Outlast Trump
The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.
November 20, 2024EV 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, 2024Kansas 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