Many electric vehicles to lose big tax credit with new rules
Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that, under rules proposed by the U.S. Treasury Department.
A key inflation gauge tracked by the Fed slowed in February
The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates.
Tesla recalls 35 electric Semi trucks for rollaway risk
The recall covers 2023 Tesla Semi trucks, the first of which was delivered in December to PepisCo’s Frito-Lay plant in Modesto, Calif.
GM plans to phase out Apple CarPlay in EVs, with Google's help
GM’s decision to stop offering those systems in future electric vehicles, starting with the 2024 Chevrolet Blazer, could help the automaker capture more data on how consumers drive and charge EVs.
Audi to present Formula One design at Shanghai auto show
The choice of Shanghai for the Formula One team’s public debut is strategic because China is Audi’s biggest market, and at the same time has a huge base of F1 fans.