The U.S. Environmental Protection Agency has recommended delaying a scheme that would give electric vehicle (EV) manufacturers tradable credits under a federal biofuel program, in a final rule that the White House will now review, two sources familiar with the matter said. . .The EV industry had expected the new scheme to be finalized under a June 14 deadline, along with final biofuel blending obligations for the years 2023-2025. The delay, however, now throws the EV scheme into political limbo. The Biden administration is still hopeful it will pass a final rule on the EV program before the end of the year, even if it is uncoupled from the annual blending mandates, the two sources told Reuters. More >>
