Almost 50 new pure electric-car models will come to market globally in the next five years, including vehicles from Daimler AG and Volkswagen AG, and the reasons for chasing Tesla stretch from politics to show business.
California requires automakers to sell electric and other non-polluting vehicles in proportion to their market share — and if they don’t sell enough, they have to purchase credits from competitors to make up the difference. Not many folks are happy.
A new Energy Department study recommends that the EPA ease rules on coal plants. It also calls for changes to how wholesale electricity is traded and easier permitting for resources such as coal, nuclear and hydropower.