Germany, hit by bad economic news in recent weeks, led a drop in European car sales last month as demand for electric vehicles cratered.

New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy and sliding electric vehicle (EV) sales,

The EV market in Europe is facing a “continual downward trajectory,” according to ACEA. In August, EV sales dropped 43.9%, while the overall market fell 18.3% year-on-year. Automakers seek a smoother transition to zero-emission mobility amid sluggish EV demand.

Four projects will receive a combined $355 million in funding from the U.S. Department of Energy, officials announced Friday.

The facility will create approximately 200 new construction jobs through a project labor agreement with the North American Building Trades Union -- and up to 150 permanent jobs, w

The funds are among $3 billion being distributed nationally as the Biden administration seeks to dethrone China as the world's top battery maker.