Image by Lee Rosario from Pixabay
The Environmental Protection Agency (EPA) recommends a delay in an electric vehicle program. That’s coming up on this land of ours.
The Environmental Protection Agency will recommend delaying a program that would allow electric vehicle manufacturers to access tradable credits under the Renewable Fuel Standard. Two sources told Reuters that the White House will review the EPA’s final rule.
The plan would have given EV automakers credits for charging vehicles using power generated from natural gas or methane. The threat of potential lawsuits also could have played a part in the postponement.
The initial proposal last November could have generated as much as 600 million tradable credits in 2024 and 1.2 billion in 2025. Prices for equivalent biofuel credits have recently traded over $2 each.
The two sources also say the Biden Administration is still hoping to pass a final rule on the EV program before the end of 2023, even if it gets uncoupled from the yearly blending mandates. Biden is boosting the EV industry in an effort to reduce carbon emissions.
From the National Association of Farm Broadcasting
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Sabrina Halvorson
National Correspondent / AgNet Media, Inc.
Sabrina Halvorson is an award-winning journalist, broadcaster, and public speaker who specializes in agriculture. She primarily reports on legislative issues and hosts The AgNet News Hour and The AgNet Weekly podcast. Sabrina is a native of California’s agriculture-rich Central Valley.