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Reuters

Dec 18, 2022, 8:55 PM

U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

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  Reuters | Dec 18, 2022

  India Preparing To Launch 20% Ethanol With Gasoline - Report

  India currently mixes 10% ethanol with gasoline

  1 min read
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  Reuters | Dec 18, 2022

  India To Remain Top Buyer Of Russia's Urals Crude In Dec - Report

  In November India accounted for about 53% of the total tanker shipments of the grade - the highest level on the record.

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  car&bike Team | Dec 18, 2022

  GST On SUVs: Which Models Would Qualify For The Highest Rate Of Tax

  The GST council has provided a nationwide definition of what SUVs qualify for the highest rate of tax (GST and cess) in all states.

  4 mins read
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  Reuters | Dec 18, 2022

  India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports - Oil Secretary

  Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.

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  Reuters | Dec 18, 2022

  Oil Slumps By Over $2/bbl, Dogged By Recession Fears

  Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.

  2 mins read
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  Reuters | Dec 18, 2022

  U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture

  The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.

  2 mins read
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  Reuters | Dec 18, 2022

  China's BYD To Launch A Second New EV Brand In 2023 - Executive

  The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023

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  Reuters | Dec 18, 2022

  Electric Vehicles Confront The Leap To The Mass Market

  The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.

  3 mins read