U.S. President Joe Biden's Inflation Reduction Act (IRA), cheered by some Democrats and the White House as a milestone in the fight against climate change, has also rankled foreign allies and global companies with its economic protectionism and prompted a new subsidy race with Europe.
Hyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers' vehicles, lawyers for the owners and the automakers said on Thursday.
Australians are starting to buy electric vehicles in large numbers, and the government is trying to accelerate the adoption of cleaner cars, but industry executives say installing chargers rapidly enough to meet the boom will not be easy.
Britain's finance minister Jeremy Hunt on Wednesday said the country needs to have electric vehicle (EV) battery making capacity, speaking at a British Chambers of Commerce event.