The API and its former foes turned friends from the National Corn Growers Association and the American Farm Bureau Federation believe the purpose of the doubling of fuel efficiency is to force carmakers to sell more EVs, which would hurt their...
The oil industry has not historically been a fan of ethanol and biodiesel makers. They're competition in a packed market. But now, the API, refiners, and biofuel producers are uniting in the face of a common enemy the Biden administration that wants to make the EV revolution happen whatever it takes—including unrealistic fuel efficiency standards. Earlier this month, the American Petroleum Institute filed a lawsuit at the D.C.
So, from Big Oil's and Big Corn's perspective, the new rules essentially amount to a thinly veiled mandate for more EV sales because they are not taking off on their own.
Ethanol Corn Tailpipe Emissions Cars Biden Automotive
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