The Biden administration backed off a proposal from last year that would have created a credit system under which petroleum refiners would be forced to pay electric car manufacturers.
for 2023 to 2025. However, the finalized program veered from the proposal the agency unveiled late last year which would have implemented a new credit system to incentivize EV manufacturing and purchasing.
"Congress provided EPA flexibility in the years after 2022 to modernize RFS volumes to derive better carbon benefits from the program and help the program work better for all stakeholders," Thompson added, criticizing the finalized program as a whole."Setting unachievable conventional biofuel targets is a missed opportunity."
According to the AFPM, the proposed program would have created a so-called"eRIN" obligation compelling petroleum refineries tocapable of charging with electricity generated by biofuels. That obligation would have gone into effect in 2024 and 2025 under the program.
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