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The threat by President-elect Donald Trump to end tax credits for electric vehicles helped lift sales in the fourth quarter, giving U.S. automakers a much-needed boost after a disappointing year.

Stellantis NV and Volkswagen AG shares declined as some of their plug-in cars lost access to U.S. tax credits under tougher rules that took effect this week.

A private equity firm bought steering and engine pump manufacturer R.H. Sheppard from Bendix Commercial Vehicle Systems for an undisclosed sum, the brake and active safety software specialist said.

The tax credit created by President Joe Biden’s signature climate law now includes a carve-out that will benefit some existing nuclear power plants.

New York’s controversial plan to charge drivers a toll for entering Manhattan’s central business district starting on Jan. 5 is facing a last-ditch challenge from neighboring New Jersey.

Biden announced his formal decision on Jan. 3 after the case was referred to him by a U.S. security review panel, ahead of a deadline early next week.

The Cybertruck qualifies for up to $7,500 in U.S. tax credits for the first time in 2025, part of reshuffling under tougher rules that took effect Jan. 1 that also disqualify other EVs for subsidies.

In June, ATA President Chris Spear met with then-presidential candidate Donald Trump to gain insight into what the trucking industry might expect should Trump win a second term.

The transportation community will meet in Washington Jan. 5-9 for the annual meeting of the Transportation Research Board.