US government may delay decision on electric vehicles biofuel program - Reuters News Agency
AutomotiveEnergyEnvironmentTechnology

US government may delay decision on electric vehicles biofuel program

Sources exclusively revealed to Reuters that the U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan. 

Market Impact

Transforming the nation’s car fleet to EVs is a central part of U.S. President Joe Biden’s climate change plan. The credits would have added to billions of dollars of incentives under the Inflation Reduction Act to accelerate the transition. 



Article Tags
Topics of Interest: AutomotiveEnergyEnvironmentTechnology
Type: Reuters Best
Sectors: Climate ChangeIndustrial Goods & ManufacturingUtilities & Other Energy
Regions: Americas
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
U.S. President Joe Biden delivers remarks after touring Ford Rouge Electric Vehicle Center in Dearborn, Michigan, U.S., May 18, 2021.  REUTERS/Leah Millis
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