The Biden administration's effort to spur domestic battery manufacturing is running into a problem: Some criticalraw materials are only found abroad, and China controls much of the supply.
Why it matters: The provenance of raw materials used in electric vehicle (EV) production — including lithium, nickel, cobalt and graphite — is about to have a huge impact on tax credits designed to put such cars within reach of average Americans.
More than 2,000 residents of an Indiana town are under an evacuation order after a large industrial fire broke out at a materials storage facility on Tuesday.
U.S. officials released a set of proposals Tuesday for distributing cuts from the Colorado River — including one that would break from precedent by evenly assigning reductions among lower basin states, forcing users in California to shoulder more of the load.
Driving the news: The proposals would amend 2007 guidelines that govern cuts in the event of a shortage as climate change and other factors threaten the river that provides drinking water to 40 million people in seven states and 30 tribal nations.
Chipotle unveiled an all-electric restaurant concept Tuesday that relies entirely on alternative energy to power its stoves, grills, electric car charging ports and more.
The big picture: The reveal comes as Chipotle and other fast-food chains are under enormous pressure to reduce their carbon emissions.
Watershed, a startup that helps companies analyze and cut their greenhouse gases, is acquiring emissions accounting and data firm VitalMetrics.
Why it matters: It's an increasingly competitive space as demands rise on corporations to better track and report their climate footprints and reduce them.
Federal tax credits for electric vehicle (EV) purchases are about to disappear for many models under newly released IRS rules, but savvy shoppers are finding a workaround by leasing, rather than buying, their new car.
Why it matters: President Biden's effort to expand EV adoption through newly revised tax credits is proving to be unworkable for many of today's models, creating confusion and frustration for automakers, dealers and consumers.
