The two largest U.S. oil companies are road testing renewable gasoline blends that they say could bring down emissions from conventional autos to levels competitive with electric vehicles (EVs).
, if made commercially available, potentially would extend the life of the gasoline market as part of the world's transition to cleaner fuels and electric vehicles.
Chevron and Exxon disclosed in the past days test results from partnerships with automaker Toyota Motor Corp that could result in EVs accounting for up to two-thirds of U.S. light vehicle sales by 2032, according to government calculations. "We believe it is going to need government help to get up and running, and get scale," Walz said, referring to existing incentives such as those provided for biodiesel and renewable diesel.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury Details Which EVs Lose Tax Credit EligibilityIt's April 18, 2023, and the rules have been put into place related to the US EV tax credit and manufacturing and materials sourcing. Here's what we know so far.
Read more »
Electric-vehicle tax credit: See which EVs qualify on updated listNew restrictions favoring U.S. manufacturing mean that only certain EV makes qualify for the up to $7,500 tax credit. Others can earn partial credit.
Read more »
Electric vehicle makers are threatening public safetyElectric vehicles are more popular than ever before among consumers. Today, there are an estimated 2.5 million EVs on American roads, and the excitement of EVs’ potential has infected certain policymakers, who want to decree that EVs be the only permissible vehicles within their borders.
Read more »
Toyota shows off a pair of EVs leading its charge in ChinaToyota shows off two new EVs for China that are being developed with Chinese automakers.
Read more »
Tax Credits Are Now in Play for Both New and Used EVsStarting today, if you buy an eligible MY22-23-24 EV, PHEV, or FCVs, you won’t have to worry about whether, say, Ford sells 200k of them by next year.
Read more »