Several automakers are joining with electric vehicle charging companies and others in a new coalition urging Congress to expand availability of $7,500 consumer tax credits for buying EVs.

Why it matters: Rollout of the EV Drive Coalition comes as Tesla, GM and Nissan — who are all members — have hit or are approaching the cap of 200,000 vehicles per manufacturer before the credit drops in value and then phases out.

Details: The group's 15 announced supporters also include...

  • Charging networks ChargePoint and Volta.
  • Electric bus maker Proterra.
  • The Christian Coalition of America.
  • The Center for Climate and Energy Solutions.

What they're saying: The group's broad-brush proposal calls for lifting the per-manufacturer cap and ensuring that "future caps neither penalize market leaders nor shut out later arrivals to the EV market."

  • The proposal "allows the credit to sunset once the nascent EV industry has had additional time to mature and grow," the group's website states.

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Biden says he will appoint commission on Supreme Court reform

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Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

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The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)

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The big picture: President Trump announced earlier this week he is ready to remove Sudan from the U.S. state sponsors of terrorism list once Sudan pays $335 million in compensation to American terror victims.