A breakthrough deal between Sens. Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles, a big win for EV makers such as General Motors Co., Tesla Inc. and Toyota Motor Co.
July 28, 2022Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Senators Call for Sanctions on Russian Oil Sales to China
Sen. Marco Rubio (R-Fla.) wants the U.S. to sanction China’s purchases of oil and other energy supplies from Russia in an effort to cut off funding for that country’s war against Ukraine.
July 27, 2022DOE Lends $2.5 Billion to GM Venture for EV Batteries
WASHINGTON — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.
July 26, 2022Diesel Drops 16.4¢ in Latest Double-Digit Decline
Diesel’s national average price continued its downward path, shedding 16.4 cents to $5.268, according to Energy Information Administration data released July 25.
July 25, 2022Hyundai Gets $1.8 Billion in Aid to Build EVs in Georgia
SAVANNAH, Ga. — The state of Georgia and local governments are giving $1.8 billion in tax breaks and other incentives to Hyundai Motor Group in exchange for the automaker building its first U.S. plant dedicated to electric vehicles near Savannah, according to the signed agreement disclosed July 22.
July 22, 2022USPS to Boost Purchases of Electric Vehicles
The U.S. Postal Service plans to substantially increase the number of electric-powered vehicles it’s buying to replace its fleet of aging delivery trucks, officials said July 20.
July 20, 2022Sky-High Diesel Prices Squeeze Truckers, Farmers, Consumers
NEW YORK — When longhaul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an empty truck in between deliveries.
July 20, 2022Hawaii Boosts Hydrogen Fueling Stations, Enacts Other Clean Energy Laws
Providing incentives for trucks to use hydrogen is one of four new laws that took effect in July to counter climate change and boost clean energy in Hawaii.
July 19, 2022DOE Eyes Mines as Future Clean Energy Sites
Current or abandoned mines are being considered by the U.S. Department of Energy for experimental clean energy sites below the earth’s surface in a new $500 million grant program.
July 19, 2022Diesel Plunges 13.6¢ to Settle at $5.432 a Gallon
The national average price of diesel fell for the fourth consecutive week — and by at least a dime for the third straight time — by 13.6 cents to settle at $5.432 a gallon, according to Energy Information Administration data released July 18.
July 18, 2022