Business

EU says US electric vehicle tax credit could break WTO rules

The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.

Electronics & Semiconductors

Bill to boost semiconductor industry passes key Senate test

The Senate on Tuesday advanced a $280 billion bill designed to boost the semiconductor industry in the United States and to accelerate high tech research that backers say will be critical to the economy in future decades.

Business

Electric vehicle buyers want rebates, not tax credits

Financial incentives play an important role in the widespread adoption of electric vehicles. New research from the George Washington University, however, finds that not all financial incentives are created equal in the eyes ...

Energy & Green Tech

Benefits of clean energy tax credits far outweigh costs

Tax credits to boost clean energy deployment are an important part of the climate provisions within the Build Back Better Act being debated by Congress—and new analysis from the University of Chicago suggests that the benefits ...

Energy & Green Tech

Biden pushes electric vehicle chargers as energy costs spike

President Joe Biden punched the accelerator on a battery-powered Hummer on Wednesday, causing the wheels to squeal and the truck to jet forward as he tried in his own way to drive the country toward an electric vehicle future.

Automotive

Biden bill includes boost for union-made electric vehicles

President Joe Biden and Democrats in Congress are looking to give U.S. automakers with union employees the inside track on the burgeoning electric vehicle market, triggering vocal opposition from foreign trade partners and ...

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