The ethanol industry is feeling confident about the future of ethanol with President Trump and GOP lawmakers’ plans to reduce support for electric vehicles. The President and Congressional Republicans propose ending EV tax credits and Biden Administration tailpipe emission rules that favor EVs, in addition to cutting charging station funding.
The ethanol industry had expected gas-ethanol-powered vehicle sales to decrease with the rise of EV sales. However, the Renewable Fuels Association’s Troy Bredenkamp says the playing field is now being leveled.
Without EV tax credits, favorable tailpipe rules, and more chargers, the Washington Post reports that industry experts expect canceled investments and factory shutdowns. How might this impact the future of hybrid vehicles that use both ethanol and electric power?
Bredenkamp says that the biggest priority for the ethanol industry remains the proposed nationwide implementation of year-round E15 sales.
According to the Iowa Renewable Fuels Association, year-round E15 sales nationwide could provide a new seven billion gallon a year market opening for ethanol.
