Camila Domonoske

Economists say the initial Cash for Clunkers plan was inefficient. But they say a revised Biden administration plan aimed at trading in gas guzzlers for electric vehicles could be effective.

General Motors announced a goal of phasing out gas-powered vehicles by 2035. It's part of an industry-wide — and potentially economy-wide — transformation in order to fight climate change.

Transportation secretary nominee Pete Buttigieg made the case for climate action and infrastructure investments at his confirmation hearing. Most senators reacted warmly.

In rich countries, every sector of the economy reduced its contribution to climate change last year — with one big gas-guzzling exception.

The Dow, S&P 500 and Nasdaq all hit new records as markets closed on Wednesday. Former President Donald Trump frequently cited stock market gains as a personal accomplishment.

A collection of conspiracy theories fuels the QAnon community, but one prediction was central: that former President Donald Trump would arrest Democratic leaders en masse. That didn't happen.

The traditional inaugural parade was not an option, given security fears and the pandemic. So Inauguration Day is highlighting dancers, drum lines, singers and athletes from across the country.

The 22-year-old composed a poem, "The Hill We Climb," that acknowledges the recent insurrection attempt, but turns resolutely toward hope. "The new dawn blooms," she writes.

The Presidential Inaugural Committee has made accessibility a stated priority and is providing ASL interpretation, live closed captioning and audio descriptions for the day's events.

Just before noon, Joe Biden was sworn in as the nation's 46th chief executive on West Front of the Capitol on the same stage that was stormed by insurrectionists two weeks earlier.

Computer chips are an essential component for new cars. But car production has recovered faster than expected, and competing demand for semiconductors has also been rising. Some plants are struggling.

A global shortage of computer chips is forcing some car manufacturers to reduce their output. Experts say the challenge will likely linger for weeks.

A mob of Trump supporters breached the Capitol building, persuaded by the president's false claim of a stolen election. Even so, some recognize the campaign to overturn the results is doomed.

The coronavirus-induced collapse in oil demand stole all the headlines. But oil companies faced a myriad of other woes, too, from hurricanes to itchy investors — and, of course, climate change.

Forecasts for new-car sales show that automakers are finishing this year strong. Retail sales have done far better than anticipated, and average car prices have climbed to record highs.

Special purpose acquisition companies, or SPACs, are exploding in popularity. They allow companies to go public without all the hoops of an initial public offering.

Special Purpose Acquisition Companies, or SPACs, allow companies to go public without jumping through all the hoops of an initial public offering. SPACs have dominated business headlines this year.

Congress has long struggled to pass new laws addressing climate change, even ones with bipartisan support. But the end-of-year spending package includes an energy bill with major climate measures.

Automakers hope Americans will be willing to switch to battery-powered vehicles, for their trucks' sakes, as they race to bring the first electric pickup to market.

Lots of electric pickup trucks are going to be hitting the road in the next few years. Who's going to buy them? Maybe drivers who are chasing power, not eco-friendly credentials.