EV Tax Credit Renewal Looks Unlikely
An Obama era tax credit for buyers and lessees of new electric vehicles will not likely be extended as part of a new federal spending bill, Reuters reports.
December 17, 2019
An Obama era tax credit for buyers and lessees of new electric vehicles will not likely be extended as part of a new federal spending bill, Reuters reports.
December 17, 2019
Roger S. Penske, icon in both motorsports and the commercial trucking industry, will be awarded the Medal of Freedom by President Donald J. Trump.
October 22, 2019
Heidi King, deputy administrator for the National Highway Traffic Safety Administration, is planning to leave the agency as soon as next week.
August 9, 2019
Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
August 1, 2019
The FMCSA announced a final rule that will permanently ban drivers convicted of human trafficking from operating a commercial motor vehicle.
July 16, 2019
Ford Motor Co. would feel a "significant impact" if the Trump administration imposes a tariff on cars, engines, and other automotive components it imports from Mexico, a top executive has told investors.
June 7, 2019
Truck and automobile components and parts manufacturers came out strongly against President Trump’s latest threat to impose a 5% tariff on Mexican imports, saying that it would only serve as an additional tax on the American people and put jobs and investment in the U.S. at risk.
May 31, 2019
The Democratic leaders of Capitol Hill emerged from a “good will” meeting to report that a bipartisan agreement had been reached to introduce to Congress a $2 trillion plan to modernize the nation's infrastructure.
April 30, 2019
President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.
April 17, 2019
The Trump administration has plan to cut the $7,500 federal tax credit that has supported sales of battery-electric vehicles as part of its 2020 budget proposal.
March 12, 2019
The average fuel efficiency of light-duty cars, trucks, and SUVs reached 24.9 miles per gallon for the 2017 model year, which is a record high, even as the industry may have trouble meeting future standards, according to the EPA.
March 6, 2019
Trump administration officials representing the EPA and NHTSA held a "tense" late-February conference call with auto manufacturing executives, sources have told Bloomberg.
March 6, 2019
In his State of the Union address, President Trump again said he wants America’s infrastructure revamped and implied that Congress still does, too – but he offered no new details on how to go about it.
February 6, 2019
The National Highway Traffic Safety Administration (NHTSA) has paused its regulation of vehicle recalls and is not posting updates on its website during the federal government shutdown.
January 9, 2019
China will suspend the additional 25% tariff imposed on U.S. auto imports for three months starting Jan. 1, the Chinese Finance Ministry announced Friday.
December 14, 2018
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