Auto industry

Panasonic and LG are likely to benefit the most from tax credits under the Inflation Reduction Act.

The change brings the total number of EV models eligible for the full tax credits to 22.

Elon Musk is getting more firepower for his electric-vehicle price war thanks to tax credits in the president's signature climate legislation.

The Inflation Reduction Act encourages automakers to manufacture electric cars in the U.S.

Dozens of other electric cars and trucks didn't make the cut, either because they aren't manufactured in the U.S. or don't use American parts and pieces.

Automakers have been waiting for the U.S. Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits. The Treasury's response: Keep waiting.

Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.

The Biden administration's requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in U.S. manufacturing by automakers and suppliers kick in.

Long-awaited proposed guidance gives details on the new tax credits for electric vehicles under the Inflation Reduction Act.

The U.S. agreed to boost cooperation with Japan on critical mineral supply chains and to expand access to tax breaks.