This year, the EPA is poised to “reset” the Renewable Fuel Standard (RFS), which was passed in 2005 and expanded in 2007 to require increasing amounts of biofuels to be incorporated into U.S. gasoline and diesel supplies.
New analysis has found that a Senate plan to extend the federal electric vehicle (EV) tax credit would cost taxpayers as much as $16 billion over the next decade, money that in recent years has largely gone toward the purchase of luxury electric vehicles.
WASHINGTON D.C. – Chet Thompson, president and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), today released the following statement in response to the Environmental Protection Agency’s efforts to modify how it approaches cost-benefit evaluations of its environmental rules.