US government may delay decision on electric vehicles biofuel program

AutomotiveEnergyEnvironmentTechnology

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.