EIA Network Issues Delay Fuel Price Release
The U.S. Energy Information Administration has had to delay its reporting of fuel prices for the week of June 20.
June 23, 2022Stakeholders, Senior Lawmakers Oppose Gas Tax Holiday
Prominent transportation stakeholders and key congressional lawmakers pushed back on President Joe Biden’s call to temporarily suspend the federal gas tax.
June 23, 2022Gas Tax Holiday Would Increase Prices, Hess CEO Says
President Joe Biden’s plan to suspend the federal gasoline tax would only make things worse for U.S. drivers, one industry CEO said ahead of a meeting in Washington between oil executives and administration officials.
June 23, 2022Electric Vehicle Working Group Seeks Members by July 15
Nominations of truckers, local officials, regulators, labor union members and vehicle manufacturers are being sought by July 15 to serve on a new electric vehicle federal advisory group under the Joint Office of Energy and Transportation.
June 23, 2022CATL Unveils EV Battery With Longer Range
Contemporary Amperex Technology Co. Ltd. unveiled an electric car battery it said has a range of over 620 miles (1,000 kilometers) on a single charge and is 13% more powerful than one planned by Tesla Inc., a major customer.
June 23, 2022Biden Calls for Three-Month Suspension of Gas, Diesel Taxes
WASHINGTON — President Joe Biden on June 22 called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers.
June 22, 2022Elon Musk Says New Tesla Plants Are Losing Billions
Elon Musk said Tesla Inc.’s new plants in Germany and Texas are losing “billions of dollars” as the electric vehicle maker tries to ramp up production.
June 22, 2022Trevor Milton Indicted on New Fraud Charge
Nikola Corp. founder Trevor Milton, who is scheduled to go on trial next month on charges he misled investors about the company’s business prospects, was indicted for allegedly defrauding the previous owner of his Utah ranch, which Milton used as collateral for his bail.
June 22, 2022Nikola 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, 2022