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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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
