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,

New car registrations in the European Union showed an 18% drop in August, witnessing declines in the four major markets of the region. Germany took the biggest hit with a drop of 27.8%, and France 24.

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

The US Department of Energy announced today plans to dole out more than $3 billion to over two dozen battery projects across 14 states. The money will go toward processing critical minerals, building batteries and their components,