Nikola Asks Shareholders to Approve Big Jump in Outstanding Shares
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.
June 22, 2022Sen. Joe Manchin Says EV Tax Credit Bonus Is Gone From Spending Bill
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.
June 22, 2022Ford Pledges to Work With Community Near Future EV Factory
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.
June 22, 2022Electric Trucks Get Boost From Multi-Megawatt Charging Stations
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.
June 22, 2022Wyoming Governor’s New Group to Target Fuel Prices
Wyoming Gov. Mark Gordon has launched an initiative to address rising fuel prices that local leaders say are affecting state residents.
June 22, 2022Gas Tax Pause Would Have Little Effect on Road Funds, Biden Says
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, 2022DOE Selects Four Winners in Hydrogen Contest
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.”
June 21, 2022FedEx Takes Delivery of 150 BrightDrop EVs
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, 2022California Democrats to Investigate Cause of High Gas Prices
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.”
June 21, 2022Perspective: 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?
June 21, 2022