Reuters
Adding EVs to U.S. biofuels law is environmental agency’s 2023 task
The Biden administration could change the nation’s biofuel blending law next year to offer lucrative credits to electric vehicle manufacturers like Tesla, a major rewrite that the oil industry criticizes as subsidizing the EV industry. The Renewable Fuel Standard, enacted in the mid-2000s, mandates the amount of biofuels like landfill or agricultural methane that oil refiners must blend into the nation’s fuel mix, or buy tradable credits – known as RINs – from those that do. The Biden administration’s November proposal would make it possible for electric vehicles charged using power generated by biofuels to receive credits.