Auto industry

The auto world will know by Friday where the Biden administration stands on some of the toughest policy questions surrounding the U.S. transition to electric vehicles.

Since the beginning of this year, U.S. car buyers have been able to get a federal tax credit of up to $4,000 for the purchase of a used electric vehicle.

The Biden administration will allow more crossover SUVs to qualify for the newly-revamped electric vehicle tax credit following lobbying by automakers such as General Motors Co. and Stellantis NV.

GM is pushing the Treasury to change the definition of a sport utility vehicle and expand how many buyers can get electric-vehicle tax credits.

The changes in the U.S. drop the price of Model 3 sedans and certain Model Y SUVs below the caps they needed to come under to qualify for as much as $7,500 electric vehicle tax credits.

Buying certain electric cars in the U.S. just got cheaper, thanks to new tax credits meant to phase out gasoline-guzzlers.

A new revenue procedure explains the processes that manufacturers and sellers need to follow to be eligible for tax credits.

Voters in Massachusetts approved a measure to raise taxes on millionaires after a hard-fought battle, while Californians rejected a proposition that targeted the state's highest earners to pay for climate initiatives.

Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions that Senator Joe Manchin fought to include in this year's U.S. climate law.

To expand the affordability of energy-efficient vehicles for U.S. consumers, the law made changes to the tax credit for all-electric cars and hybrid plug-ins.