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Business, Technology, Fuel

Nikola Asks Shareholders to Approve Big Jump in Outstanding Shares

Nikola The Nikola Tre BEV. (Johnny Jaffe/Nikola Corp.)

Truck maker Nikola Corp. is hoping to gain shareholder approval at its annual meeting for the company’s proposal to increase the number of shares outstanding and thus raise more money by selling equity.

Roger Gilroy | Senior Reporter
June 22, 2022
Business, Technology, Equipment, Fuel

Sen. Joe Manchin Says EV Tax Credit Bonus Is Gone From Spending Bill

Manchin Sen. Joe Manchin. (Scott Applewhite/Associated Press)

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Sen. Joe Manchin as they seek to wrap up negotiations on a spending deal.

Ari Natter | Bloomberg News
June 22, 2022
Government, Business, Equipment, Fuel

Ford Pledges to Work With Community Near Future EV Factory

Ford Dave Nowicki and other Ford Motor Co. team members speak during a panel discussion on the automaker's planned electric truck factory, at Haywood High School in Brownsville, Tenn. (Patrick Lantrip/Daily Memphian via Associated Press)

BROWNSVILLE, Tenn. — Ford Motor Co. officials on June 21 pledged to be good neighbors to those in rural west Tennessee who live near the automaker’s planned electric truck factory, a project expected to create thousands of jobs and change the face of the region.

Adrian Sainz | Associated Press
June 22, 2022
Government, Business, Technology, Equipment, Fuel

Electric Trucks Get Boost From Multi-Megawatt Charging Stations

Electric A Mercedes-Benz eActros electric cargo truck. (Krisztian Bocsi/Bloomberg News)

Broad adoption of heavy-duty electric trucks is looking closer than ever with manufacturers releasing new big rigs and the announcement that multi-megawatt charging is coming in 2024.

Ryan Fisher | Bloomberg News
June 22, 2022
Government, Fuel

Wyoming Governor’s New Group to Target Fuel Prices

Image of truck driver frustrated by high fuel prices Diesel fuel in Wyoming averaged $5.684 per gallon June 21 — 68% higher than $3.389 a year ago, according to AAA. (shotbydave/Getty Images)

Wyoming Gov. Mark Gordon has launched an initiative to address rising fuel prices that local leaders say are affecting state residents.

Noël Fletcher | Staff Reporter
June 22, 2022
Government, Business, Fuel

Gas Tax Pause Would Have Little Effect on Road Funds, Biden Says

President Joe Biden Biden's statements June 21 seemed to be a hint he would press Congress for the federal tax holiday. (Sarah Silbiger/Bloomberg News)

President Joe Biden and a top economic aide preemptively defended a potential suspension of the federal gasoline tax, saying it wouldn’t hurt road-building projects and that savings would be passed on to consumers — the latest signal Biden is leaning toward urging Congress to pause the levy.

June 21, 2022
Government, Business, Technology, Fuel

DOE Selects Four Winners in Hydrogen Contest

Hydrogen Olemedia/Getty Images

The U.S. Department of Energy announced the winners of a competition aimed at graduate students and awarded cash prizes to four teams that separately developed new tools that characterized business cases for hydrogen in “user-defined scenarios.”

Roger Gilroy | Senior Reporter
June 21, 2022
Business, Technology, Equipment, Fuel, Logistics, For-Hire

FedEx Takes Delivery of 150 BrightDrop EVs

FedEx BrightDrop FedEx

FedEx Corp. announced June 21 it received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors that is decarbonizing last-mile delivery.

June 21, 2022
Government, Business, Equipment, Fuel

California Democrats to Investigate Cause of High Gas Prices

Gas Prices California Assembly Speaker Anthony Rendon announces the creation of a Legislative committee to look into the state's high gas prices. (Rich Pedroncelli/Associated Press)

SACRAMENTO, Calif. — With California drivers paying more than $6 for a gallon of gas and state officials deadlocked for months over how to provide relief, lawmakers in the state Assembly on June 20 announced they would investigate oil companies they say are “abusing a historic situation to suck profits from Californians’ wallets.”

Adam Beam | Associated Press
June 21, 2022
Government, Business, Equipment, Fuel, Perspective

Perspective: Repeal FET to Boost Green Buying

A question to ask the decision-makers in Washington: If the goal is to get more cleaner, greener trucks on the road, why does the federal government keep the 12% federal excise tax on the sale of a new truck?

Scott McCandless | Chairman, American Truck Dealers
June 21, 2022