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Tag: RATI: REGULATORY POLICY

  • Manchin threatens to sue US Treasury over EV tax credit rules

    WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chairman Joe Manchin said on Wednesday he could go to court after the US Treasury Department released guidelines on battery procurement for electric vehicle tax credits later this week. “If it goes off the rails” and goes against the intent of climate legislation passed in August, “I […]

  • U.S. battery sourcing guidelines to cut some EV tax credits — official

    WASHINGTON, March 29 (Reuters) – The long-awaited guidance from the US Treasury Department regarding battery procurement requirements for electric vehicle tax credits expected by Friday will result in fewer vehicles receiving full or partial credits, a US official told Reuters. In December, the Treasury Department decided not to release its proposed battery procurement guidelines until […]

  • St. Louis is suing Hyundai and Kia for auto theft, joining other US cities

    WASHINGTON, March 27 (Reuters) – The city of St. Louis, Missouri, said Monday it is joining several major US cities in suing Korean automakers Hyundai Motor (005380.KS) and Kia Corp (000270.KS) over the not installing anti-theft technology in millions of their vehicles. The lawsuit filed in U.S. District Court in Missouri follows similar actions by […]

  • US and Japan sign trade deal on battery minerals for electric vehicles

    WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]

  • Mexico cannot match US incentives for proposed Tesla battery factory, minister says

    MEXICO CITY, March 3 (Reuters) – Mexico would not be able to match the incentives offered by a US law to curb inflation if Tesla Inc builds a battery factory in the country, Mexico’s finance minister said on Monday Friday, days after Tesla announced construction of a “gigafactory” there. Tesla (TSLA.O) has not confirmed whether […]

  • Mexico and Tesla close investment deal after president calls – sources

    MEXICO CITY, Feb. 27 (Reuters) – Mexico and Tesla Inc (TSLA.O) are about to announce a deal on the electric vehicle maker’s plans to invest in Mexico after President Andres Manuel Lopez Obrador and Tesla Chief Executive Elon Musk spoke on Monday, Mexican officials said. Lopez Obrador previously revealed he would talk to Tesla’s “owner,” […]

  • Tesla is recalling 362,000 US vehicles through Full Self-Driving software

    WASHINGTON, Feb. 16 (Reuters) – Tesla Inc (TSLA.O) said it would recall 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday its driver assistance system was not complying sufficiently the traffic kept safety laws and can cause crashes. The National Highway Traffic Safety Administration said the Tesla […]

  • Tesla opens US charging network to rivals in $7.5 billion federal program

    SAN FRANCISCO, Feb. 15 (Reuters) – Tesla Inc (TSLA.O) will open part of its US charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to increase the use of EVs expand and reduce carbon emissions. The move could help make Tesla the universal “gas station” of the […]