Lawmakers are introducing the "Return to Sender Act" to rescind $3 billion allocated under the previous administration's Inflation Reduction Act for the U.S. Postal Service's electric vehicle initiative.
As Illinois ramps up its electric vehicle (EV) rebate program, the national policy landscape is shifting under President Donald Trump’s administration. Trump has signed an executive order canceling former President Joe Biden’s goal of making EVs 50% of new car sales by 2030 and rolling back federal emission regulations.
President Donald Trump wasted no time dismantling key policies from the Biden administration, rescinding 78 of Biden’s executive actions on Monday night. The sweeping order reverses a range of initiatives on diversity, border policy, and climate regulations that defined Biden’s presidency.
The official X account for Ford Motor Company was reportedly compromised on Monday, resulting in the posting of inflammatory messages, including one labeling Israel a "terrorist state."
Elon Musk’s rise to prominence and wealth places him in a position where his influence stretches across various sectors, from electric vehicles with Tesla to space exploration with SpaceX, and even social media with X (formerly Twitter). Musk’s career has often mirrored that of historical figures like Jacob Fugger, a 16th-century financier who became one of the most powerful men in Europe. Both men are risk-takers who transformed industries and were disliked by the establishment for their boldness and influence.
Ford Motor Co. announced Monday it is donating $1 million and a fleet of vehicles to support President-elect Donald Trump's upcoming January inauguration.
Japanese auto giants Honda Motor and Nissan Motor are reportedly set to begin negotiations toward a merger, aiming to combine resources and strengthen their position against global electric vehicle (EV) competitors.
"When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars and electric vehicles," Leavitt said in a statement.
