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.
