Jolt of Electricity for RFS
by Anthony Adragna (Politico’s Morning Energy) The Obama administration’s latest effort to stimulate sales of electric vehicles could deliver a political boost to supporters of the Renewable Fuel Standard, aligning automakers with biofuel backers against the oil industry’s attacks on the program, Pro’s Eric Wolff reports. The EPA has floated the possibility that the RFS could provide financial incentives to either the companies that make electric vehicles or the customers who buy them.
Though the program still must go through the full administrative rulemaking process – meaning it won’t be done until there’s a new resident at 1600 Pennsylvania Avenue – some biofuels lobbying groups are already backing the move: “The RFS has been wrongly criticized by some as an ethanol mandate or just a biofuels,” said Geoff Cooper, senior vice president for the Renewable Fuels Association, an ethanol trade association. “It is much broader than that. I think this proposal is reflective of that, and I think you potentially broaden the base of political support.”
Oil industry forces are hoping to build congressional momentum to kill off or at least significantly alter the RFS program, and the potential new EPA program does new nothing to alter that position: “The RFS program is broken and the last thing we need is more complexity by expanding scope and scale of the RFS,” API spokeswoman Sabrina Fang told Eric. READ MORE