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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

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