The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and a backlash from Musk’s embrace of right wing politics. It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors.

Experts say President Donald Trump’s moves to step away from global climate action, ramp up domestic oil and gas production and remove incentives for electric vehicles are worrisome as the planet continues to heat up.

In his first address after being sworn in on Monday, President Donald Trump repeated several false and misleading statements that he made during his campaign. They included claims about immigration, the economy, electric vehicles and the Panama Canal.

That growth in chargers is important as Illinois aims to rapidly transition toward having more electric vehicle drivers. As of last week, there were about 120,000 EVs on Illinois roads, while the state’s goal is to have 1 million on the road by 2030.

The grants cover a broad range of the automotive supply chain, including parts for electric motorcycles and school buses, hybrid powertrains, heavy-duty commercial truck batteries and electric SUVs, the White House said.

NASCAR unveiled its first electric racecar Saturday in downtown Chicago, but it doesn’t thunder when the grand marshal says “drivers, start your engines.” It hums.

The new standards will avoid more than 7 billion tons of planet-warming carbon emissions over the next three decades and provide nearly $100 billion in annual net benefits, the EPA said.

President Joe Biden put on a red United Auto Workers shirt on Thursday as he celebrated a labor deal that will reopen the Stellantis plant in Belvidere, Illinois.

In a video statement late Monday, UAW President Shawn Fain said workers at more factories will join those who are now in the fifth day of a strike at three plants.

On Friday, Pritzker was in Joliet where he joined other elected officials and local dignitaries to celebrate the grand opening of a new Lion Electric assembly plant, the first new automotive factory in the greater Chicago area since 1965.

Most of the car companies manufacturing electric vehicles, a quickly growing market, have dropped AM radio from new vehicles. Because more than 40% of all radio listening is done in cars, there has been major pushback to the growing lack of AM access.

Since the pandemic struck three years ago, the average new vehicle has rocketed 24% to nearly $48,000 as of April, according to Edmunds.com. Typical loan rates on new-car purchases have ballooned to 7%, a consequence of the Federal Reserve’s aggressive streak of interest rate hikes to fight inflation.

Sixteen new models and some of their variations are eligible for all or half of the new credit, while nine models — mostly foreign-made vehicles — are no longer eligible, for now. Most of the eligible cars so far are made by the “big three” EV automakers in the US — Ford, General Motors and Stellantis — plus Tesla.

 The Biden administration will propose strict new automobile pollution limits this week that would require at least 54% of new vehicles sold in the U.S. to be electric by 2030 and as many as two of every three by 2032, according to industry and environmental officials briefed on the plan.

The new rules take effect April 18 and are aimed at reducing U.S. dependence on China and other countries for battery supply chains for electric vehicles.

The administration is linking with additional partners like car rental company Hertz and BP gas stations to bring EV fast charging infrastructure to locations across America, including major cities such as Atlanta, Austin, Boston, Chicago, Denver, Houston, Miami, New York City, Orlando, Phoenix, San Francisco and Washington, DC.