Auto industry

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.

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.