IRS pledges more audits of the wealthy and better customer service
The IRS is outlining how it plans to use an infusion of $80 billion for improved operations.
EV tax credit rulebook clearer, but Treasury's work is not done
How strictly the U.S. Treasury Department defines and enforces the law’s “foreign entity of concern” provision could affect the Biden administration’s objectives to drive EV adoption and build a domestic supply chain.
Tesla's co-founder and former tech chief Straubel returns as a board member
Co-founder and tech chief JB Straubel is slated to replace board member Hiromichi Mizuno, who won’t seek reelection, Tesla said in its proxy statement.
Tesla cuts prices — again — as EV incentive is halved for base Model 3
Tesla reduced prices to spur demand. It also said the base Model 3 would lose half of its federal tax credit. And the EV maker listed a new base configuration for the Model Y.
New Toyota CEO targets 1.5M EV sales in 2026, plans U.S.-built crossover EV
Koji Sato, in his first news conference after replacing Akio Toyoda, said Toyota and Lexus will launch 10 new EVs in the next three years.