Jan 02 Tesla sales dropped 1.1 percent in 2024, in first annual decline since 2011 By Tom Krisher, Bernard Condon, Associated Press Tesla posted its first annual sales drop in more than a dozen years Thursday, sinking a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. Continue reading
Nov 12 Biden spurred new factories and infrastructure projects. Trump will be in office for the ribbon-cutting By Josh Boak, Associated Press Inflation is easing and President Joe Biden's administration has teed-up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. But it could be it could be Donald Trump, rather than Biden,… Continue reading
Oct 07 Watch 6:57 How the next generation of auto techs is preparing for the electric vehicle transition By Ali Rogin, Lena I. Jackson From self-driving cars to electric vehicles, automobiles are becoming more technologically advanced and there’s a shortage of workers with the skills needed to keep them on the road. One college is focused on training the next generation of the automotive… Continue watching
Sep 21 Watch 7:14 A look at the economic impact and progress of Biden’s Inflation Reduction Act so far By Ali Rogin, Andrew Corkery, Gerard Edic In 2022, President Joe Biden signed the Inflation Reduction Act, the biggest investment in projects to combat climate change in American history. To date, more than 100,000 new jobs have been created in clean energy manufacturing. But such a mammoth… Continue watching
Jul 11 Biden administration awards $1.7 billion in grants for electric vehicle manufacturing in eight states By Matthew Daly, Associated Press The Energy Department will issue grants totaling $1.7 billion to create or retain thousands of union jobs and support auto-based communities. Continue reading
Jun 27 U.S. automakers worried about threat of low-priced Chinese EVs made in Mexico By Paul Wiseman, Associated Press America's auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules. Continue reading
Jun 12 Thieves are taking electric vehicle charging cables for the copper wires. It’s another obstacle to selling Americans on EVs By Tom Krisher, Associated Press The price of copper is near a record high on global markets, which means criminals stand to collect rising sums of cash from selling the material. Continue reading
Jun 04 AP-NORC/EPIC poll shows Americans are still hesitant about electric vehicles, despite Biden’s push By Matthew Daly, Linley Sanders, Associated Press EVs are a key part of Biden’s climate agenda. Republicans led by presumptive nominee Donald Trump are turning it into a campaign issue. Continue reading
May 14 Watch 10:10 Treasury Secretary Yellen on why Biden is targeting Chinese manufacturing with new tariffs By Amna Nawaz, Lisa Desjardins, Murrey Jacobson, Kyle Midura, Alexa Gold President Biden announced a series of major tariffs on several Chinese imports. The world's two largest economic superpowers are colliding over the future of electric vehicles and other industrial sectors. It comes as both President Biden and Donald Trump are… Continue watching
May 14 WATCH: White House suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico By News Desk and Christopher Rugaber, Associated Press The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. Continue reading