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Detroit sticks with trucks, SUVs despite lofty 2030 goals for EVs

Automakers in North America plan to build more big pickups and sport utility vehicles than electric vehicles well into the late 2020s, chasing sales trends that run counter to the Biden administration's goal of boosting EVs to half the market by 2030, according to internal production forecasts viewed by Reuters.

Hydrogen-powered vehicles: A realistic path to clean energy?

Hydrogen, the most abundant element in the universe, is increasingly viewed, along with electric vehicles, as one way to slow the environmentally destructive impact of the planet’s 1.2 billion vehicles, most of which burn gasoline and diesel fuel. Manufacturers of large trucks and commercial vehicles are beginning to embrace hydrogen fuel cell technologies as a way forward. So are makers of planes, trains and passenger vehicles.

Carvana's success rides on used-car loans

Online used-car dealer Carvana Co., known for its vehicle vending-machine towers, has a secret sauce to its business success: a way of handling car loans that turbocharges revenue.

Nikola receives $2M government grant weeks after founder criminally charged

Founder Trevor Milton stepped back from the company in September after a damning report from short-selling activist firm Hindenburg Research accusing Milton of deceiving investors with a video that made it look like one of Nikola’s trucks was driving when in fact the vehicle was simply rolling down a hill.