The Biden administration could change the nation’s biofuel blending law next year

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Joe Biden with former US President Barack Obama

According to Reuters, the Biden administration could change the nation’s biofuel blending law next year to offer lucrative credits to electric vehicle manufacturers like Tesla, a major rewrite that the oil industry criticizes as subsidizing the EV industry. The Renewable Fuel Standard, enacted in the mid-2000s, mandates the amount of biofuels like landfill or agricultural methane that oil refiners must blend into the nation’s fuel mix, or buy tradable credits – known as RINs – from those that do.

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