Latest Green technology News

Sweeping climate bill pushes American energy to go green

Aug. 11, 2022 20:37 PM EDT

WASHINGTON (AP) — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide...

EU says US electric vehicle tax credit could break WTO rules

Aug. 11, 2022 11:37 AM EDT

BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules. Under the Inflation Reduction Act nearing...

'We're back, baby': New bill boosts US climate credibility

Aug. 10, 2022 05:17 AM EDT

WASHINGTON (AP) — After a moment when hopes dimmed that the United States could become an international leader on climate change, legislation that Congress is poised to approve could rejuvenate the country’s reputation and bolster its efforts to push other nations to reduce greenhouse gas...

Most electric vehicles won't qualify for federal tax credit

Aug. 09, 2022 11:02 AM EDT

DETROIT (AP) — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax...

Toyota profit down as chips shortage keeps customers waiting

Aug. 04, 2022 02:18 AM EDT

TOKYO (AP) — Toyota’s profit fell nearly 18% in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan’s top automaker. Toyota Motor Corp. reported Thursday a quarterly profit of 736.8 billion yen...

Valvoline to sell its global products arm to Saudi's Aramco

Aug. 01, 2022 09:21 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Aramco announced a $2.65 billion agreement on Monday to acquire Valvoline's global products business, which includes motor oils, transmission fluids, coolants and other automotive maintenance products. Valvoline said the transaction will...

Tennessee awards $5.2M for electric vehicle charging network

Jul. 29, 2022 04:09 AM EDT

NASHVILLE, Tenn. (AP) — The Tennessee Department of Environment and Conservation has announced the award of $5.2 million in grants to install direct current fast chargers for electric vehicles along interstates and major highways around the state. The grants will fund 32 chargers...

Senate deal should make it easier to buy electric vehicles

Jul. 29, 2022 01:04 AM EDT

DETROIT (AP) — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles. The measure agreed to by Senate Majority Leader Chuck Schumer and holdout Sen. Joe...

Unexpected deal would boost Biden pledge on climate change

Jul. 28, 2022 19:52 PM EDT

WASHINGTON (AP) — An unexpected deal reached by Senate Democrats would be the most ambitious action ever taken by the United States to address global warming and could help President Joe Biden come close to meeting his pledge to cut greenhouse gas emissions in half by 2030, experts said Thursday,...

Germany to reduce government incentives to buy electric cars

Jul. 27, 2022 09:08 AM EDT

BERLIN (AP) — The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year. The government had announced shortly after taking office in December that, starting in 2023, it would only...