The oil giant said Tuesday that it was acquiring assets from a Chicago company as it looks to start producing graphite, a key battery ingredient, by the end of the decade.
Category: Tax Credits, Deductions and Exemptions
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Raid on Georgia E.V. Battery Plant Raises New Risks for a Shaken Industry
Foreign manufacturers were already dealing with tariffs and the end of E.V. tax credits. Now, they face greater scrutiny of their workers’ immigration status.
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Can Cadillac Keep Selling E.V.s as Trump Repeals Climate Policies?
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
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TV Producers Flock to California’s Expanded Tax Credit
The state announced the first 22 projects to take advantage of its hefty new incentives to attract production.
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Elon Musk’s SpaceX Most Likely Doesn’t Pay Taxes
Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.
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The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S.
Treasury Secretary Scott Bessent sought total control over the I.R.S., an agency where Mr. Long, the new commissioner, had started to put his own mark on the job.
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Car Companies Are Paying Tariffs So You Don’t Have To
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
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Trump Will Slow, but May Not Stop, the Rise of Electric Vehicles
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them.
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Study Undercuts Idea That Cash Payments to Poor Families Help Child Development
Rigorous new research appears to show that monthly checks intended to help disadvantaged children did little for their well-being, adding a new element to a dispute over expanded government aid.
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Elon Musk Sees ‘Rough’ Times Ahead
Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.
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Republican Tax Bill Is a Losing Deal for Gamblers
The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.