MARKETWIRE ALERTS

MARKETWIRE ALERTS 

MarketWire Afternoon News for November 11th

Updated at 5:00 PM ET 

HEADLINES:

— California, Georgia Lay Different Roads for Commercial EV

— EIA Natural Gas Storage Report Released November 14

— EIA Weekly Gasoline & Diesel Update to Release November 12

— Senate Passes Bill to End U.S. Shutdown; House Vote Next

NEWS:

California, Georgia Lay Different Roads for Commercial EV

SECAUCUS, NJ (DTN) – The U.S. commercial electric vehicle industry is staring down two roads of growth: the first is a regulatory-driven one, led by California, and the second is a market-accelerated path taking root across the Southeast.

While California still held the largest overall zero-emission vehicle (ZEV) market share of 21.6% at the end of the second quarter, the Southeast became the No. 1 region for new commercial electric vehicle sales during the quarter, with a market share of 7.1% — double the national average of 3.5% — according to data jointly issued by Atlas Public Policy and the Southern Alliance for Clean Energy.

“The Southeast is … home to about 38% of all EV manufacturing investments and 33% of anticipated EV manufacturing jobs announced in the United States,” Atlas and SACE said in a joint report.

Georgia made up over half of the new commercial EV sales in the Southeast in the last 12 months with 3,381 total sales, more than any state in the country, according to the Atlas-SACE data.

The bifurcation in U.S. commercial EV growth came after Congress revoked key waivers in May, including those for California’s Advanced Clean Trucks rule. The revocation eliminated the regulatory certainty that California’s mandates provided to manufacturers, while leaving market-driven states like Georgia less affected.

The rollback of federal commercial tax credits — like the 45W Commercial Clean Vehicle Credit whose eligibility was accelerated to end on September 30, 2025 — has added pressure to market growth nationwide.

The loss of both regulatory authority and federal buyer incentives has particularly impacted California, where the ZEV market was built on mandated sales targets. Without that regulatory framework, the advantage has shifted toward Southeast states where manufacturing investments and market demand, rather than mandates, are driving growth.

Georgia has attracted $31 billion in e-mobility investments since 2015, including Hyundai’s $7.6 billion Metaplant America in Bryan County, which began production in October. The state is also utilizing $135 million in federal funds from the Bipartisan Infrastructure Law for the National Electric Vehicle Infrastructure (NEVI) Deployment Program to develop Alternative Fuel Corridors along major interstates to support commercial EV adoption.

EIA Natural Gas Storage Report Released November 14

The Energy Information Administration’s Weekly Natural Gas Storage Report will be delayed one day due to Tuesday’s federal holiday (11/11).

The report will now be released on Friday (11/14) at 10:30 a.m. ET, according to the agency.

EIA Weekly Gasoline & Diesel Update to Release November 12

The Energy Information Administration’s Weekly Gasoline and Diesel Fuel Update will be delayed by a day due to Tuesday’s federal holiday for Veterans Day (11/11).

The report will be issued Wednesday (11/12) at 10:00 a.m. ET, according to the agency.

Senate Passes Bill to End U.S. Shutdown; House Vote Next

The US Senate has passed a bill the reopen the federal government after a record 41-day shutdown, paving way for the House of Representatives to approve the measure and for President Donald Trump to sign it.

The bill was passed late Monday (11/10) night after eight Democratic senators abandoned their party’s demands for an extension of expiring health insurance subsidies under the Affordable Care Act.

The defecting Democrats agreed instead with Republican senators on a package to fund the government through January and cover spending required for the Department of Agriculture, military construction and other legislative agencies. There will also be retroactive pay for furloughed federal workers and a reversal of layoffs made during the shutdown.

The bill now moves to the House of Representatives, where a vote is expected no sooner than Wednesday. The Republicans only have a slim majority against Democrats in the House, and the vote could be close. President Donald Trump has confirmed he will sign the bill if it passes the House.

The imminent reopening of the government has boosted financial markets, with futures of oil to other commodities and stocks on Wall Street rising for a second straight day. As of last week, the impact of the shutdown had become increasingly dire, with the University of Michigan’s Index of U.S. Consumer Sentiment Index dropping to a three-year low.

The crisis also severely disrupted the aviation sector, with close to 5,400 flights cancelled over the last four days, as between 20% and 40% of air traffic controllers did not turn up at the nation’s 30 largest airports after being unable to work without pay.

In response, the Federal Aviation Administration mandated a 6% reduction of flights on Tuesday and 10% for Friday.