Fuel

Democratic lawmakers are unveiling legislation that would invest $25 billion to convert the nation’s fleet of gasoline- and diesel-powered school buses to electric vehicles, aiming at a component of President Joe Biden’s $2.25 trillion infrastructure plan to improve children’s health.

Nikola Corp. shares fell April 20 to the lowest since January 2019, accelerating a selloff that has now erased all their gains since the electric-vehicle startup went public last year.

Oil rose toward $64 a barrel, a year to the day after futures for the U.S. benchmark collapsed below zero, with the world’s most important commodity extending its rally on bets for better demand.

The national average price of a gallon of diesel dipped half a cent to $3.124 a gallon, according to Energy Information Administration data released April 19.

The U.S. Environmental Protection Agency expects to issue a notice of proposed rulemaking later this year aimed at establishing new emissions standards for oxides of nitrogen (NOx) and other pollutants for highway heavy-duty engines, an EPA official told the S.11 study group of the Technology & Maintenance Council of American Trucking Associations during TMC’s virtual spring meeting.

DETROIT — Two federal agencies are sending teams to investigate the fatal crash of a Tesla near Houston in which local authorities say no one was behind the wheel.

The billionaire Agnelli family’s CNH Industrial NV ended talks to sell its Iveco SpA truck and bus unit to China FAW Group Co. after the Italian government signaled it would oppose the deal.

The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers.

Stellantis NV CEO Carlos Tavares pledged to speed up the company’s electric shift, vowing that cars with a battery will account for more than a third of its European sales by mid-decade.

As federal policymakers prepare to consider comprehensive highway policy legislation in the coming weeks, the top Republican on the U.S. Senate transportation committee reiterated calls for bipartisanship.