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Government, Business, Fuel

Toyota Backs Down in Fight Against California Emission Rules

Toyota pickup trucks Toyota now says it “continues to share the vision” of greenhouse gas reduction and carbon neutrality goals with CARB and the state of California.(Waldo Swiegers/Bloomberg News)

Toyota Motor Corp. agreed to recognize California’s authority to set its own auto emission standards, ending a standoff stretching back to the Trump administration.

Keith Laing | Bloomberg News
August 23, 2022
Government, Business, Technology, Fuel

Inflation Reduction Act Offers Incentives to Increase Electric Truck Adoptions

heavy vehicle chargers Heavy vehicle chargers. (DTNA/PGE)

For those motor carriers seeking to begin or continue their fleet conversions to electric trucks, new federal legislation will offer significant financial assistance.

Eric Miller | Senior Reporter
August 23, 2022
Business, Technology, Fuel

Polestar to Share Battery Tech With Boat Maker

Candela boats Polestar

Electric carmaker Polestar Automotive Holding has agreed to share battery technology with Candela Speed Boat AB, a startup trying to electrify leisure boats and water taxis.

Rafaela Lindeberg | Bloomberg News
August 23, 2022
Government, Business, Fuel

Gas Prices Fall for 70 Straight Days

gas fillup Luke Sharrett/Bloomberg News

Gasoline prices in the U.S. have fallen for 70 days straight, the longest down streak since January 2015.

August 23, 2022
Government, Business, Fuel

Regional Variance Produces Tiny Drop in Diesel’s National Average

A fuel tank driver adjusts his hose hookup A fuel tank driver adjusts his hose hookup to an underground tank in Jackson, Miss. (Rogelio V. Solis/Associated Press)

The price of diesel may be showing signs of leveling off after falling again for the ninth consecutive week, but by just two-tenths of a cent, thanks to noticeable regional disparities.

August 22, 2022
Government, Business, Fuel

New York Turns to Ships to Head Off Gas Shortage

A driver fuels a vehicle at a gas station in New York. A driver fuels a vehicle at a gas station in New York. (Stephanie Keith/Bloomberg News)

New York gasoline inventories are so low that suppliers are resorting to expensive U.S. vessels to move fuel into the region and allay the potential for shortages.

Chunzi Xu | Bloomberg News
August 22, 2022
Government, Business, Fuel

VW, Mercedes Line Up Tariff-Friendly Battery Supplies in Deal With Canada

 An employee inserts a battery cell into a testing chamber A battery cell is inserted into a testing chamber at a performance testing laboratory operated by Volkswagen Group Components, in Salzgitter, Germany. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG and Mercedes-Benz Group AG have sealed agreements with Canada to secure access to raw materials such as nickel, cobalt and lithium for battery production, according to people familiar with the accords.

Michael Niebaber | Bloomberg News
August 22, 2022
Business, Fuel

Ford to Cut 3,000 Jobs to Fund Shift Toward EVs

A Ford Mustang Mach-E is charged at a Ford dealership in Colma, Calif. A Ford Mustang Mach-E is charged at a Ford dealership in Colma, Calif. (David Paul Morris/Bloomberg News)

Ford Motor Co. said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles.

Keith Naughton | Bloomberg News
August 22, 2022
Business, Technology, Fuel, Autonomous

Rivian Cancels Least Expensive Version of Electric Pickup Truck

Rivian R1T Rivian

Rivian Automotive Inc. eliminated the least expensive trim of its R1T electric pickup truck, the company confirmed via email, effectively raising the price of its entry-level model.

Gabrielle Coppola | Bloomberg News
August 19, 2022
Business, Technology, Equipment, Fuel

Gas-Powered Muscle Cars to Turn Electric

muscle car The Dodge Charger Daytona SRT concept is unveiled Aug. 17, 2022, in Pontiac, Mich. (Carlos Osorio/Associated Press)

PONTIAC, Mich. — Thundering gas-powered muscle cars, for decades a fixture of American culture, will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with super-fast cars that run on batteries.

Tom Krisher | Associated Press
August 18, 2022

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