Britain is forecast to hit "peak petrol" in 2024, according to a new report, with EVs on track to assume a much bigger share of the country's car market.
DOGE co-lead Vivek Ramaswamy says Biden administration attempts to dole out IRA and Chips Act funds, like EV loans, at the last minute will be reviewed.
Ohio Senator-elect Bernie Moreno said the $7,500 EV tax credit should be eliminated and instead let the automakers and consumers decide what cars to buy.
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns.
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.