While President Trump pulled the plug on the prior Administration’s EV mandate, tax credits for electric vehicles are still in play.
The ethanol industry says that will allow for more competition, but could also open the door for more hybrid technology.
“The tax credit being eliminated would have an impact on hybrid technology. But I think at the end of the day, I think, eventually, consumers and the manufacturers hopefully get to the point where hybrid technology is the winner,” said Renewable Fuels Association’s Troy Bredenkamp.
Bredenkamp says more hybrids could equal more ethanol sales, giving consumers the best of both worlds.
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Ethanol markets remain mixed — weaker production and blend rates are being partially balanced by stronger exports as winter demand patterns take shape.
Strong U.S. yields and steady demand leave most major crops well supplied, keeping price pressure in place unless usage strengthens or weather shifts outlooks.
