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Proposed Update to Renewable Fuel Standard Could Benefit EV Makers

January 24, 2023


The good news for automakers including Tesla, and charging network operators such as EVgo and Electrify America, is that changes to an 18-year-old U.S. program that has driven adoption of ethanol and biodiesel is getting a makeover for the electric vehicle age.

The Renewable Fuel Standard — a $30 billion a year crediting program — sets the volumes of biofuels that fuel producers need to blend into their products, and has played a major role in the U.S. becoming the largest biofuel producer in the world.

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