A deeply reported Financial Times piece provides new details about British inventor James Dyson's multi-billion dollar bid to enter the electric vehicle market with a car launched in 2020 or 2021.
Why it matters: Dyson is a hugely successful entrepreneur, so his EV initiative can't be ignored when the innovation and market-share battle is pretty open.
America's solar industry has gone from almost nonexistent a decade ago to nearly 50 gigawatts of total installed capacity, enough to power nearly 10 million homes.
A White House adviser working to pass President Trump’s infrastructure package is casting doubt on whether a hike in the gas tax, as it’s currently structured, would do its intended job:
“We need to figure out as a country what kind of infrastructure we want for the next 50 years and then decide how we’re going to pay for it, instead of finding ourselves in the traditional legacy arguments of gas tax or no gas tax."
— Alexander Herrgott, associate director for infrastructure at WH Council on Environmental Quality
Why it matters: Trump endorsed a 25-cent gas tax hike to pay for his infrastructure package at a White House meeting Wednesday, Axios’ Jonathan Swan reports. The idea is likely dead on arrival on Capitol Hill, where many Republicans say they’re not about to hike taxes right after passing tax cuts.
