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President Trump and Congress renewed a $1-per-gallon biodiesel tax credit that expired in 2017 and is now renewed until Dec. 31, 2022.
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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.
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Roger S. Penske, icon in both motorsports and the commercial trucking industry, will be awarded the Medal of Freedom by President Donald J. Trump.
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Heidi King, deputy administrator for the National Highway Traffic Safety Administration, is planning to leave the agency as soon as next week.
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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%.
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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.
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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.
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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.
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Trump administration officials representing the EPA and NHTSA held a "tense" late-February conference call with auto manufacturing executives, sources have told Bloomberg.
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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.
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