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“We are marching forward as though this emissions regulation lands at the beginning of 2027,” said Dan Kayser, executive vice president of commercial operations at International.

General Motors will take another $6 billion in charges tied to production cutbacks in its EV and battery operations as the financial fallout spreads from the weakening U.S. market for EVs.

Many exhibitors and speakers at CES highlighted the shift toward software-defined vehicles that can be upgraded over time through remote updates without requiring hardware changes.

Growth in global sales of EVs is expected to slow as China winds down some subsidies, Europe wavers on its phase-out of combustion engines, and U.S. producers make a U-turn from the segment.

By Tesla’s count, analysts on average expect the company to deliver 422,850 cars in the fourth quarter, down 15% from a year earlier. 

New Jersey is paying $13 million to fund a near-term experiment testing the ability of hydrogen-powered drayage trucks to move cargo at the Port Newark Container Terminal.

While fully electric cars and trucks made up 10% of all auto sales in the U.S. in the third quarter, another 15% of transactions were for hybrid vehicles, and analysts expect hybrid sales to continue accelerating. 

DHL Supply Chain expects to add multiple Tesla Semi tractors to its U.S. Class 8 fleet in the coming 12 months as part of long-term, companywide plans to decarbonize its fleet.

Elon Musk won reinstatement of his 2018 pay package as CEO of Tesla, after the Delaware Supreme Court reversed the finding of a judge who said the billionaire had influenced board members.

Polestar Automotive Holding UK has secured $300 million in new financing, giving the cash-burning electric vehicle maker a fresh lifeline as it contends with heavy losses.