A tax benefit boosted quarterly earnings, but that masked a decline in earnings from carmaking caused by intensifying competition.
Experts had warned that efforts to build a vast new hydrogen industry could inadvertently worsen global warming. New rules aim to avoid that.
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
The award, which will go to BAE Systems, is part of a new government program aimed at creating a more secure supply of semiconductors.
Government officials and energy developers misjudged the difficulty of building huge clean energy projects in the United States, which has built very few of them.
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
The move is the oil giant’s first foray in the production of a metal vital for electric vehicle batteries.
The devices can heat and cool homes more efficiently than furnaces and air-conditioners, but their sales have slowed because of higher interest rates and a slow rollout of federal incentives.
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
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