Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

President Donald Trump. Photo: Nicholas Kamm/AFP/Getty Images. Tesla car charger. Photo: Chesnot/Getty Images

Companies looking to profit off electric cars are suing President Trump for proposing to roll back fuel-efficiency regulations.

Driving the news: A strange bedfellows group formed last year by utilities and Tesla filed suit in the D.C. Circuit earlier this month against the Environmental Protection Agency's move to roll back fuel-efficiency standards. The lawsuit adds to a separate suit filed by California with more than a dozen other states and another filed by several environmental groups.

The bottom line: Rising fuel-efficiency standards would increase demand for electric cars, which would spur electricity demand, a top priority for utilities that are facing largely stagnant electricity demand from buildings. Critics call this rent-seeking. Industry calls it smart business in Washington.

Gritty details: The coalition, called the National Coalition for Advanced Transportation, is made up of 16 entities, mostly utilities (seven of them either Exelon or Exelon subsidiaries) and other companies with a financial stake in growing demand for electric cars, including Tesla.

  • A spokesman for the group says they have reached out to more than two dozen other companies, including American Electric Power, Southern Company and Duke Energy, about joining.

What they're saying: Bob Wyman, a lawyer at Latham & Watkins in Los Angeles who speaks on behalf of the group, said the companies support more flexible standards in response to automaker concerns.

  • Yes, but: A freeze in the current standards, as the administration is considering, would sap investments in new technologies and put the U.S. behind in leadership on this issue, Wyman said.

The big picture: The very existence of this coalition reflects the scrambled industry alliances forming in response to President Trump’s unconventional administration — and his unprecedented rollback of regulations. I covered this dynamic in my latest Harder Line column published earlier this week.

Go deeper

Caitlin Owens, author of Vitals
4 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.