The King’s Trust has celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust.

The organization marked the expansion of its work in the United States with a star-studded gala in New York City on Thursday night.

“Ladies and gentlemen, the trust will continue to help young people around the world to build those key skills to support them into employment,” Charles said in a statement read to the audience. “Together, we can build a better future for the next generation.”

The Prince’s Trust was founded in 1976 when then-Prince Charles used his severance pay from the Royal Navy to launch the nonprofit dedicated to helping unemployed young people in the United Kingdom get job training. Since then, the charity has expanded its education and employment initiatives into 25 countries, including the U.S., where it launched its first program in The Bronx last year.

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to China.

Manchin, a Democrat who chairs the Senate Energy and Natural Resources Committee, said that exemptions in the new rules effectively endorse the idea that EVs will be “made in China.” The comments came as the Treasury Department loosened some rules governing EV tax credits a bit, potentially making more EVs eligible for credits of up to $7,500.

The rules are aimed at juicing demand for EVs in an effort to reach a Biden administration goal that half of all new vehicle sales be electric by 2030.