Auto industry

The One Big Beautiful Bill Act is abruptly curtailing the $7,500 tax credit for new electric vehicles and $4,000 for used EVs.

The imminent expiration of tax credits for electric vehicles is slowing sales and competition among charging station operators.

The suspected cases of improper bookkeeping add to a scandal that's threatening the listing of the once-celebrated Japanese auto gear maker.

General Motors will launch the Chevrolet Bolt electric vehicle in December with one shift at its plant in Kansas, less than the two shifts initially planned.

Tesla shares sank as Elon Musk and President Trump's simmering feud devolved into a public war of words over the bill.

Automakers are lobbying against lawmakers immediately ending popular electric-vehicle tax credits that President Trump has railed against.

Carvana was accused by short-seller Hindenburg Research of impropriety in a report alleging the auto retailer's subprime loan portfolio carries substantial risk.

EV sales grew 12% in the fourth quarter of 2024, pushing the full-year total to a record 1.3 million.

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

Republicans represent congressional districts with 19 of 25 major automaker battery and EV assembly plants in operation or under construction.

California Governor Gavin Newsom is promising to step in with a state electric-car tax credit if Trump repeals a federal subsidy after he takes office.

If the incoming Trump administration eliminates the $7,500 federal tax credits for electric vehicles, that would mean the end of popular leases.

Donald Trump touted his pledge to provide tax breaks for purchasing cars, highlighting that the benefit would only apply to vehicles made in the U.S.

The tax credits now helping underwrite many electric vehicle purchases are top targets if Republicans win the White House or strengthen their grip on Capitol Hill in November.

The Korean company is seeking to keep its cars competitive with automakers qualifying for tax credits under the Inflation Reduction Act.

The Internal Revenue Service is extending the period for dealers and sellers of so-called "clean" vehicles such as electric cars to submit time-of-sale reports by a few days to qualify for tax credits.

Narrower criteria reduced the number of qualifying models from about two dozen. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.

The company said the city used the presence of its Cruise self-driving unit to tie its tax bill to a portion of its global revenue.

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

The guidelines set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.